Solidion Technology Inc. (NASDAQ: STI) announced on March 18, 2024, that it has received a second grant from the U.S. Department of Energy (DOE) aimed at advancing materials research for next-generation nuclear reactors. Based in Dallas, the advanced battery technology company will utilize the funding to scale up a carbon nanosphere material intended as an anti-corrosive additive in molten-salt-based heat transfer fluids for advanced molten salt nuclear reactors.
Focus on Enhancing Reactor Efficiency
The project, supported by the DOE, will concentrate on developing nanofluids-based energy materials. These innovative materials consist of engineered colloidal suspensions of hollow carbon nanoparticles within conventional molten salts. The primary goal is to enhance heat transfer efficiency while simultaneously minimizing corrosion within nuclear reactors.
According to Solidion, this technology plays a crucial role in driving down costs, enhancing safety, and expediting the commercialization of small modular nuclear reactors, particularly those based on advanced molten salt designs. The research will be conducted in collaboration with the reputable Oak Ridge National Laboratory, a significant entity in energy research.
Recognition and Future Prospects
This latest award comes on the heels of Solidion’s recent achievement of the 2025 R&D 100 Award, which it received in partnership with Oak Ridge National Laboratory for its innovative work in Electrochemical Graphitization in Molten Salts. Additionally, the company has garnered funding from the Advanced Research Projects Agency-Energy (ARPA-E) to further its electrochemical manufacturing of high-performance graphite derived from biomass as part of the agency’s competitive OPEN program.
Jaymes Winters, Chief Executive Officer of Solidion Technology, remarked, “Consecutive awards from the Department of Energy is proof positive that Solidion is not only innovative in energy storage, but energy processes, liquids and materials as well.”
In response to this positive news, Solidion Technology’s shares experienced a rise of 5.39%, reaching $6.65 during premarket trading, as reported by Benzinga Pro data. This uptick reflects investor confidence in the company’s ongoing innovations and strategic advancements in the nuclear energy sector.
Solidion’s focus on enhancing molten salt reactor technology illustrates the company’s commitment to leading the way in sustainable energy solutions, positioning itself as a key player in the future of clean energy.
