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Huge Push for Fusion Power to Generate Surge in Business for US Nuclear’s Tritium Monitoring Equipment
Huge Push for Fusion Power to Generate Surge in Business for US Nuclear’s Tritium Monitoring Equipment.
About this update from Us Nuclear Corp.
[{"type":"text","content":"\n LOS ANGELES, CA, Feb. 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- As the dream for fusion energy slowly becomes reality, business and investment in this multi-billion dollar sector is booming, which is great news for US Nuclear’s (OTC-QB: UCLE) tritium monitoring branch. Tritium is the main fuel used in fusion power reactors, and as countries around the world invest in fusion power generation, there is a major increase in the need for tritium monitoring instrumentation. Fortunately for US Nuclear, their Overhoff Technology subsidiary is the world’s leading tritium monitor manufacturer, supplying the most dependable tritium equipment, including a number of vital products that no other suppliers can. In recent years, a large percentage of Overhoff’s sales have been to: National labs for research and national defenseMilitary for the Nuclear Navy and homeland securityNuclear power plants, especially heavy-water types, for reactor control and facility monitoringIndustrial manufacturing (exit signs, emergency lighting, watch dials, gun sights, etc.)Pharmaceutical companies for developing and testing new drugs Now, Overhoff sees a surge of new business stemming from the fusion power industry. Investment in the fusion power sector is rapidly growing, and according to the Global Fusion Industry survey of 2022, public funding for the year was $4.7 billion in the US, with private investments rising 139% from 2021 to $4.8 billion. There has also been major progress in the field, with the National Ignition Facility achieving a historic net gain of energy just this past December. While Overhoff sales to the US, Canada, South Korea, and east Asia have always been, and continue to be very strong, the company is eager to increase sales in additional countries that are investing in fusion power. The US, UK, EU, and Japan are all investing very heavily in fusion power. China and Canada are also among the most advanced in terms of fusion startups and research projects. At the center there is ITER of course, which has received billions in funding from countries all over the world, with the EU alone allocating €5.61 billion for the period of 2021-2027. Overhoff manufactures a wide variety of tritium monitoring instrumentation that will be pivotal to all these fusion energy projects, including portable and fixed tritium...