Happy “Milestone” Birthday IX POWER Founder and CEO John R. “Grizz” Deal

We don’t often make a big deal out of birthdays here at IX Power, but there wouldn’t be a IX Power and we wouldn’t all be working together if it weren’t for John R. (Grizz) Deal.

Grizz’s  birthday is January 23, and he’s turning a big corner.  We won’t bring up exactly how old the Texas A & M grad is, but let’s just say that he is the same age as First Lady Michelle Obama and he now qualifies for his AARP card … wink, wink.

Grizz Deal loves dog sledding and any sport in the snow!

Grizz loves dog sledding and any sport in the snow! Here he is in Breckenridge, Colorado.

Grizz’s eternal “can do” spirit – which was evident well before his Boy Scout days (he is a 2nd generation Eagle Scout) – plus his energy, and unquenchable natural curiosity have been the keys to his success, whether while roughing it in the wilds of Philmont, New Mexico, or starting and building innovative companies.

The most notable of these were spin-outs from Los Alamos National Laboratory: LizardTech (data compression software), Hyperion Power Generation (small nuclear power reactors), and now IX Power (solutions for produced water from oil & gas). But the backbone of the success of his unique life has been that he truly cares about the humanitarian mission behind each endeavor. He really, truly, cares that there are people, mainly outside the U.S., that do not have clean water to drink, nor power for their homes and hospitals. This concern has been what has driven him on in his quest to create products that will have a positive impact on people’s daily living conditions, even when up against incorporate challenges to provide those game-changing products and services.  

So happy birthday John R. Grizz Deal – climber of mountains, chaser of dreams, builder of businesses … keep on keeping on, there’s another XX years ahead …

For a bio on Grizz, Click Here.

The dogs are fun, but his first love is his jeep!

 

 

 

 

New OrganiClear™ Technology for Cleaning Produced Water from Hydraulic Fracturing (Fracking) and other Oil & Gas processes to be presented at 28th Annual WaterReuse Symposium by IX Power Clean Water CEO John “Grizz” Deal

The water industry will get its first official and public introduction to OrganiClear on Sunday afternoon, September 15, 2013 at the 28th Annual WaterReuse Symposium in Denver, Colorado in the U.S. IX Power Clean Water CEO John R. Grizz Deal will present the new technology, which originated at Los Alamos National Laboratory, the University of Texas, and New Mexico Tech. It has been hailed as the most effective proven technology to filter and destroy toxic organic hydrocarbons, such as the notorious BTEX compounds, in “produced water” without creating an additional waste stream. Held in Denver September 15 – 18, the WaterReuse Symposium is the leading event in the U.S. for presenting the latest innovations in water reuse and desalination. More information about the event can be found at http://www.watereuse.org/symposium28.

A $40 billion per annum problem for the oil and gas industry, the handling, cleaning and disposal of produced water is gaining more attention from environmental regulators in the U.S. and other oil and gas producing countries every year. Produced water is a term to describe the polluted water extracted from the earth along with oil and gas. The water produced may include water from the fossil fuel reservoir, water injected into the formation (including the high pressure water used to fracture the rock formation—“fracking”), and chemicals added during production and well treatment processes.

The OrganiClear machine cleans water of its organic hydrocarbons to the point that it can be safely used for agriculture and livestock and, with additional processes, can also be used for community water systems.IX_PCW_Logo_Sept12

“OrganiClear will change how the world manages produced water from the oil & gas industry, mining industry, and in manufacturing,” explains Deal. “As part of an operation’s water treatment train, OrganiClear not only separates the dangerous organic hydrocarbons, it destroys them while creating no additional waste stream. While other existing processes for cleaning produced water leave piles of toxic consumables that then must also be disposed of, OrganiClear effectively “eats” the toxins leaving nothing behind for additional handling.”

The major constituents of produced water are salt, oil, grease, and various other natural inorganic and organic compounds, chemical additives used in drilling and fracking, and naturally occurring radioactive material (NORM).

BTEX is one set of compounds of organic hydrocarbons of major concern. BTEX is an acronym that stands for Benzene, Toluene, Ethylbenzene, and Xylenes, which are all closely related. These compounds are soluble in water so produced water from the extraction of crude oil is always contaminated with these compounds.

Unfortunately, BTEX is extremely toxic and dangerous to humans, animals, crops, and natural vegetation. Benzene is carcinogenic while Toluene, Ethylbenzene, and Xylenes have harmful effects on the central nervous system. Frequently found together, the BTEX compounds can cause illness, birth defects, eventual death—and even immediate death if highly concentrated.

Thus far, the oil and gas industry worldwide has generally dealt with produced water by subsurface disposal, disposal on the surface (in ponds), and by cleaning it to a degree that it can be re-used in oil and gas extraction processes. Some operations have cleaned it to the point that it can be used for irrigation, although without the OrganiClear technology, that process is costly and damaging to the environment. Given the high cost of organics elimination, some oil and gas operators are forced to release their produced water untreated where it pollutes aquifers, rivers, and the ocean. OrganiClear solves this important problem.

“This is a global environmental issue,” said Deal, “because for each barrel of oil recovered, 5 to 40 times as much water is produced, creating the adage that ‘oil recovery is really water recovery with a bit of oil thrown in.’ Worldwide, the volume of produced water generated each year exceeds 70 billion barrels (1 bbl = 42 U.S. gallons.

Produced water accounts for 98% of the waste products in the oil & gas industry. Each year in order to comply with local, state, provincial, and federal environmental laws, oil and gas companies spend an estimated $40 billion cleaning and/or disposing of produced water. Costs include transportation, pre-treatment, re-injection, and desalination, and vary widely depending upon the water’s properties, volume, and geographic location. Typical handling costs range from $2 to $10 per barrel of water, and can run as high as $15 per barrel. The cost to eliminate “everything but TDS*” using OrganiClear in produced water ranges from $0.28 to $0.50 per barrel.

“So, why not clean it for beneficial use or recycle it for reuse?” notes Deal. “When millions of people around the globe suffer from water and subsequent food scarcity, we need to clean as much produced water as possible and turn it into “found” water. OrganiClear can make a huge difference: for industry, for the environment, and humankind. The oil and gas industry wants to do the right thing with its produced water. OrganiClear helps them in that effort.”

IX Power Clean Water (pronounced Nine Power), is based in Albuquerque, New Mexico and is one of the IX Power Companies, a group that focuses on bringing game-changing safe power and clean water innovations to market. The companies also have offices in Washington, D.C.; London, England; and Moscow, Russia. Before starting the IX Power group of companies, Deal was the CEO of Hyperion Power Generation for four years. He co-founded Hyperion Power, the first modern SMR company to approach the U.S. Nuclear Regulatory Commission with its SMR concept, along with the IX Power Leadership Team: Dr. Otis (Pete) Peterson, Dr. Robert Libutti, Randall Wilson, and Deborah Deal-Blackwell. The objective of Hyperion Power was to introduce a mass-produced, self-contained 25MWe nuclear power reactor that was factory assembled and safe and compact enough to be shipped on the back of a truck. Now known as a design in the Generation IV (GenIV) class of reactors, the Hyperion reactor was designed to bring safe, emission-free clean nuclear power to industry and remote communities.

 *Costs to reduce Total Dissolved Solids, TDS, vary widely given TDS quantities and discharge limits.

IX

Deborah Deal-Blackwell to present “Getting Started on Your P.R. & Marketing” at Denver Innovators Workshop on June 12

   

Deborah Deal-Blackwell

Deborah Deal-Blackwell, APR

     People involved in new business startups, inventors and innovators, even those that have been in business for some time – all can benefit by attending the free Denver Innovators Workshop session “Getting Started on Your P.R. & Marketing” on Wednesday, June 12, at 7:30 p.m. at Cluster Studios. Presented by veteran marketer Deborah Deal-Blackwell, APR, the two-hour event will cover how to start marketing your product or service and what business owners should do first, explore what business owners can do on their own, and when and how to hire a public relations, marketing or advertising firm. In addition, the Workshop will also present the latest available information about business exhibiting and sponsorship opportunities at the upcoming Denver Startup Street Faire in conjunction with Denver Startup Week. To ensure a seat, attendees should RSVP for the event at: http://www.denverinnovators.org.

     Deborah Deal-Blackwell is an Accredited Public Relations practitioner (APR) with 30+ years creating and handling public relations and marketing campaigns for a diverse group of clients from the Caribbean to Moscow, Russia and all across the United States.  Her early career in television was followed by leadership positions at two of Florida’s top advertising and PR firms. She also owned an operated her own successful public relations firm and was the CEO of Angel Flight Southeast, a regional non-profit. From her home base outside Washington, D.C., she has represented clients, including the Hyperion Power Generation small modular reactor company, before the U.S. Congress, Department of Energy, and many other federal agencies. Currently, she is the CEO of the non-profit IX Power Foundation and consults with a handful of clients offering innovative new products. She is a member of the National Press Club and the Public Relations Society of America, both in Washington, D.C., the Friends of the Gum Spring Library, and other organizations.

The Denver Innovators Workshop is a not-for-profit group of innovators and inventors, scientists and geeks, business professionals and students, who came together in 2012 for the purpose of helping each other succeed. In this process, the Workshop participants aspire to actually raise the number of new products, services and companies in the Greater Denver area, while boosting the area’s reputation for innovation.

In addition to its monthly meetings at Cluster Studios, the Denver Innovators Workshop is hosting the Denver Startup Street Faire.  Billed as a “Public Science, Technology, & Manufacturing Faire for Adults & Kids of All Ages,” the Denver Startup Street Faire is being held in conjunction with Denver Startup Week, and with support from the Denver Office of Economic Development and the nonprofit IX Power Foundation. The event will provide inventors, innovators and new businesses the opportunity to showcase their products and services to the public downtown at the Wellington Webb Building on Saturday, September 21, 2013.

 Press Contact: Claire Paulette        Claire at IXPowerFoundation dot org or (505) 661-1000, ext. 902.

Grizz Deal to speak on Small & Modular Reactors in London at NIA conference

What’s happening with Small & Modular Reactors now?  Find out when John R. Grizz Deal, CEO of IX Power LLC will provide an overview on the small modular reactors (SMR) industry at the Nuclear Industry Association’s “Near Term SMRs in the U.K.” event on January 30 in London.      

John R. Deal, aka “Grizz,” will sharing the latest information on Small & Modular Reactors at the NIA in London January 30, 2012.

The event will also feature presentations by industry luminaries such as  Lord John Hutton, Chairman of the NIA, and Alexander Bychkov, Deputy Director General at the International Atomic Energy Association (IAEA). Sponsored by Eversheds, as a public service attendance the event is open to all for a nominal fee of GBP 75.  To register, send an email to Stephanie McKenna whose address is located on the NIA web site. 

IX Power is an safe energy and clean water technology innovation firm based in Los Alamos, New Mexico. Before starting IX Power, Deal was the CEO of Hyperion Power Generation for five years. He co-founded Hyperion, the first modern SMR company to approach the U.S. Nuclear Regulatory Commission with its SMR concept, with Dr. Otis (Pete) Peterson, Dr. Robert Libutti, and Deborah Deal-Blackwell. The objective of Hyperion Power was to introduce a mass produced, self-contained 25MWe power reactor safe and compact enough to be shipped on the back of a truck after complete factory assembly. Now known as a design in the generation IV (Gen IV) class of reactors, the Hyperion reactor was created to bring safe, emission-free clean nuclear power to remote communities outside the U.S. and industrial and mining operations.

Before starting Hyperion, Deal served as the chief marketing officer for Space Imaging, and was the founder and CEO of LizardTech, one of the more successful company spinouts from a Los Alamos National Laboratory (LANL) technology transfer effort. Additionally, Deal served as Entrepreneur in Residence for the U.S. Department of Energy (DOE) National Nuclear Security Administration (NNSA) at Technology Ventures Corporation, and as Visiting Entrepreneur at LANL. Grizz founded seven firms based on U.S. DOE technologies and holds graduate and undergraduate science degrees in geography from Texas A&M University. He is an adjunct faculty member of the Moscow School of Management Skolkovo. He is a frequent speaker and writer on energy technology and policy, product development, starting and growing advanced technology-based ventures, and issues in raising capital for such ventures.

IX Power is working with an international team of scientists and strategists to develop and bring to market a number of ground-breaking technologies including the IX Power OrganiClear system that removes dangerous organic hydrocarbons from water produced by oil & gas, mining, and industrial processes without creating a hydrocarbon waste stream. The company’s main offices are in Los Alamos, Washington, D.C., and London, England.

 –IX–

What’s Next for Small Modular Reactors in the United States?

A number of countries have SMRs (Small Modular Reactors) under development.  Russia has been working on various models for some time and is famous for its RITM-200, the reactor powering its new nuclear icebreaker. Most recently South Korea announced that it has received its own state regulator approval for the SMART SMR and would soon be selling it around the world.  

Read the SEAB Subcommittee on SMRs report – link at the bottom of the page.

And, the U.S.?  The Department of Energy (DOE) Office of Nuclear Energy issued a Funding Announcement Opportunity (FOA) for a Small Modular Reactor Licensing Technical Support Program  back on March 22, 2012. This government-industry cost share program was  for the design certification and licensing of up to two light water SMRs. Several applied, recently only one – B&W’s mPower design – was awarded funding.

On April 3, 2012, just weeks after the original FOA from the DOE came out in March, but well before the award was made, Secretary of Energy Steven Chu charged the Secretary of Energy Advisory Board (SEAB) with creating a subcommittee to report on what the U.S. should do above and beyond the existing FOA for two light water reactors. Secretary Chu wrote, “The broad purpose of the SEAB subcommittee on SMRs is to advise the Secretary on ways to advance this technology to achieve a global leadership role in civil nuclear technology for the United States, and ways for DOE to accelerate that role.”

Specifically, Secretary Chu charged, “Looking beyond the current DOE program authorized by Congress and begun by the FOA, this SEAB Subcommittee will: (1) Identify areas in which standards for safety, security and nonproliferation should be developed for SMRs to enhance U.S. leadership in civil nuclear energy, and (2) Identify challenges, uncertainties and risks to commercialization and provide advice on policies and other approaches that may be appropriate to manage these risks and accelerate deployment in support of national goals.”

I attended the “open meeting” in the Spring and came back and put the question to several of the “Linked-In’ groups on nuclear power:  “What would you advise the SEAB subcommittee on SMRs?”

There was a huge response.  After the discussions had gone on for a couple of months, I gathered the input with everyone’s consent and contact information and sent it in one very long letter to Dr. Nicholas M. Donofrio, Chairman of the SMR subcommittee. Before Thanksgiving, I received a letter back thanking everyone who participated on “Linked-In” and with the link to the completed report that was approved by the SEAB main committee.  Here it is: Report from SEAB Subcommittee on SMRs.

In another blog entry – and maybe on Linked-In – we’ll discuss some of the contents of the report.  In the interim, thanks to everyone who participated in the discussion via the various nuclear groups back during the summer of 2012 …!  Keep speaking up!  Happy Holidays!

Again, here’s the pertinent links:

Report from SEAB Subcommittee on SMRs

The subcommittee’s original marching orders

The DOE’s web site on SMRs

IX Power CEO, John R. Grizz Deal to Brief World Nuclear Power Conference on Small Modular Reactor Industry

LOS ALAMOS, New Mexico, 12 November 2012 – John R. Grizz Deal, CEO of IX Power LLC will be the featured speaker on the small modular reactors (SMR) industry at Europe’s World Nuclear Power Briefing in Warsaw, Poland. Deal will present “Applications for the use of Small Modular Reactors – What is in the Cards for the Future” at the two day event December 10 and 11. 

John R. Grizz Deal, CEO of IX Power LLC

IX Power is an energy and water technology innovation firm based in Los Alamos, New Mexico. Before starting IX Power, Deal was the CEO of Hyperion Power Generation for five years. He co-founded Hyperion, the first modern SMR company to approach the U.S. Nuclear Regulatory Commission with its SMR concept, with Dr. Otis (Pete) Peterson, Dr. Robert Libutti, and Deborah Deal-Blackwell. The objective of Hyperion Power was to introduce a mass produced, self-contained 25MWe power reactor safe and compact enough to be shipped on the back of a truck after complete factory assembly. Now known as a design in the generation IV (Gen IV) class of reactors, the Hyperion reactor was created to bring safe, emission-free clean nuclear power to remote communities outside the U.S. and industrial and mining operations.

At Europe’s World Nuclear Power Briefing, Deal will present the current global inventory of frontrunner SMR designs and technology. He will discuss the application of SMRs, along with the implementation, licensing, safety, security, financial and the policy issues impacting their development.

Before starting Hyperion, Deal served as the chief marketing officer for Space Imaging, and was the founder and CEO of LizardTech, one of the more successful company spinouts from a Los Alamos National Laboratory (LANL) technology transfer effort. Additionally, Deal served as Entrepreneur in Residence for the U.S. Department of Energy (DOE) National Nuclear Security Administration (NNSA) at Technology Ventures Corporation, and as Visiting Entrepreneur at LANL. Grizz founded seven firms based on U.S. DOE technologies and holds graduate and undergraduate science degrees in geography from Texas A&M University. He is an adjunct faculty member of the Moscow School of Management Skolkovo. He is a frequent speaker and writer on energy technology and policy, product development, starting and growing advanced technology-based ventures, and issues in raising capital for such ventures.

IX Power is working with an international team of scientists and strategists to develop and bring to market a number of ground-breaking technologies including the IX Power OrganiClear system that removes dangerous organic hydrocarbons from water produced by oil & gas, mining, and industrial processes without creating a hydrocarbon waste stream. The company’s main offices are in Los Alamos, Washington, D.C., and London, England.

–IX–

IX Power’s CEO, John R. Grizz Deal to Brief World Nuclear Power Conference on Small Modular Reactor Industry

LOS ALAMOS, New Mexico, 12 November 2012 – John R. Grizz Deal, CEO of IX Power LLC will be the featured speaker on the small modular reactors (SMR) industry at Europe’s World Nuclear Power Briefingin Warsaw, Poland. Deal will present “Applications for the use of Small Modular Reactors – What is in the Cards for the Future” at the two day event December 10 and 11. 

John R. Grizz Deal, CEO, IX Power LLC

IX Power is an energy and water technology innovation firm based in Los Alamos, New Mexico. Before starting IX Power, Deal was the CEO of Hyperion Power Generation for five years. He co-founded Hyperion, the first modern SMR company to approach the U.S. Nuclear Regulatory Commission with its SMR concept, with Dr. Otis (Pete) Peterson, Dr. Robert Libutti, and Deborah Deal-Blackwell. The objective of Hyperion Power was to introduce a mass produced, self-contained 25MWe power reactor safe and compact enough to be shipped on the back of a truck after complete factory assembly. Now known as a design in the generation IV (Gen IV) class of reactors, the Hyperion reactor was created to bring safe, emission-free clean nuclear power to remote communities outside the U.S. and industrial and mining operations.

At Europe’s World Nuclear Power Briefing, Deal will present the current global inventory of frontrunner SMR designs and technology. He will discuss the application of SMRs, along with the implementation, licensing, safety, security, financial and the policy issues impacting their development.

Before starting Hyperion, Deal served as the chief marketing officer for Space Imaging, and was the founder and CEO of LizardTech, one of the more successful company spinouts from a Los Alamos National Laboratory (LANL) technology transfer effort. Additionally, Deal served as Entrepreneur in Residence for the U.S. Department of Energy (DOE) National Nuclear Security Administration (NNSA) at Technology Ventures Corporation, and as Visiting Entrepreneur at LANL. Grizz founded seven firms based on U.S. DOE technologies and holds graduate and undergraduate science degrees in geography from Texas A&M University. He is an adjunct faculty member of the Moscow School of Management Skolkovo. He is a frequent speaker and writer on energy technology and policy, product development, starting and growing advanced technology-based ventures, and issues in raising capital for such ventures.

IX Power is working with an international team of scientists and strategists to develop and bring to market a number of ground-breaking technologies including the IX Power OrganiClear system that removes dangerous organic hydrocarbons from water produced by oil & gas, mining, and industrial processes without creating a hydrocarbon waste stream. The company’s main offices are in Los Alamos, Washington, D.C., and London, England.

–IX–

“Dark Knight Rises” Batman movie does infant SMR industry no favors

 I’ve seen all the other Batman movies, so, I asked my own “silver knight” to take me to see The Dark Knight Rises. Pretty good movie! 

The Dark Knight Rises did the nuclear industry no favors!  See it and cringe!

The Dark Knight Rises did the nuclear industry no favors! See it and cringe!

(WARNING: Spoiler Alert)

But, I couldn’t believe it …Holy Plot Twist Batman! I cringed when we got to the part where they introduced the little nuclear reactor.  ACK! The Nolan Brothers had written in Wayne Enterprises Applied Science Division developing an SMR (Small Modular nuclear power Reactor) that was used by the bad guys to threaten Gotham. In the movie, the bad guys gain access to the SMR and had a scientist magically presto changeo TURN IT INTO A FUSION NUCLEAR BOMB in what seemed like a turn of a screw, and in the space of a few minutes.  As the movie progressed, and I became sore from my date nudging me with his elbow, darn it if the characters didn’t flip the sucker onto the back of the truck and drive around Gotham with it …!

GROAN!  CRINGE!  I know it’s just a movie and YOU know it’s just a movie, but golly, gosh darn, The Dark Knight Rises sure doesn’t help the rise of the fledging SMR industry!  

Fusion?! Ack!  Fusion bomb?! Ack!  Quickly retrofitting a power reactor to be a bomb?! Ack!  Throwing it in a truck and driving it around the city?!  

Double Ack! The fairy tale spun further and further out of control. I wanted to bang my head on the seat in front of me. I don’t recall any other recent movies featuring a small nuclear power being turned into a bomb, and I sure wish this one had not.

Holy Toledo Batman! The big weapon in The Dark Knight Rises is a FICTITIOUS fusion reactor that's quickly converted into a bomb! (Not going to happen, folks. No worries!)

Holy Toledo Batman! The big weapon in The Dark Knight Rises is a FICTITIOUS fusion reactor that's quickly converted into a bomb! (Not going to happen, folks. No worries!)

Misconceptions about nuclear power abound today. Misconceptions and fear about SMRs, I’m afraid, will no doubt skyrocket after everyone gets around to seeing this movie.  If you ask me, the release of this Batman flick hands the Union of Concerned Scientists a loaded Batpistol to scare the uninformed majority into opposing the development of SMRs. 

This movie could be a pain in the collective butts of those of us who believe SMRs have a place in the future of clean energy for our planet and may come back to haunt the nuclear industry – for both big and small power reactors.  I’m pretty sure it will – just as sure as at the end of every Batman movie, the dark knight rises.

We DO approve of the motorcycle, however. Here I am borrowing it. Len wants one for Christmas. I said I would get the wheels for him, but not the reactor ....

We DO approve of the motorcycle, however. Here I am borrowing it. Len wants one for Christmas. I said I would get the wheels for him, but not the reactor ...

Deborah Deal-Blackwell

Lots of comments on Small Modular Reactors – join in!

 

LEAVE COMMENTS ON OUR BLOG, or go to the LINKED-IN Page where it was started:

CLICK HERE to join the Discussion on LINKED-IN

There’s a hot discussion, with lots of good input, on SMRs that’s on the Linked-In group page “Nuclear Power – the Next Generation” Group. The discussion has been going on for some time now and is buried in the back. Anyone new to this group would not know its going on – so I’m just providing a little heads -up here and a direct link to the discussion…

IX Power is going to run off all the comments and send them over to the Secretary of Energy Advisory Board (SEAB), Small Modular Reactor Subcommittee (SMR) at the U.S. DOE  (Department of Energy).  This subcommittee apparently began its work in March 2012 and is to report back to the parent SEAB by this coming October. We will run off the comments at the end of June.

Any questions, just let us know!  Thank you!  Background on the SEAB follows below …

Continue reading

IX Power Names Dr. Otis (Pete) Peterson Chief Nuclear Reactor Designer

LOS ALAMOS, NEW MEXICO, June 18, 2012 — IX Power CEO John R (Grizz) Deal announced today that Dr. Otis (Pete) Peterson has been named Chief Nuclear Reactor Designer at the firm. According to Deal, Dr. Peterson’s first assignment in his new role will be to lead a global team evaluating medium-size nuclear reactor designs for commercialization by IX Power.

Dr. Peterson was a co-founder and the Chief Technical Officer (CTO) at Hyperion Power Generation (now Gen4 Energy), which was founded in May 2007 by Deal, Peterson, Dr. Robert L. (Bob) Libutti, and Deborah Deal-Blackwell. Peterson’s revolutionary work in small reactor designs laid the foundation for Hyperion Power’s product offering which provided many in the United States, including members of Congress, with their first introduction to what would come to be known as SMRs: Small Modular Reactors.

In September 2011, Peterson, along with the other Hyperion Power co-founders plus Randall Wilson, former CFO and COO of Technology Ventures Corporation (TVC) formed IX Power to commercialize safe power and clean water technologies from U.S., U.K., and Russian national Laboratories.

“We are obviously pleased Dr. Peterson can focus 100% of his efforts on IX Power now,” said IX Power companies CEO John R. (Grizz) Deal. “His contributions and efforts to the nuclear power industry are one of the principal reasons there is now a modern, commercial Small and Modular Reactor (SMR) category of nuclear power plants.”

Since the inception of IX Power last summer, Dr. Peterson has been focused on evaluating and validating dozens of innovations at Los Alamos National Laboratory (LANL). IX Power has a long-term Cooperative Research and Development Agreement (CRADA) with LANL for power and water technologies and is launching three LANL innovations during 2012 as fully developed products.

IX Power and the IX Power Foundation were formed to jump-start solutions to the global need for safe power and clean water. Bringing an experienced world-class team and technologies from U.S., U.K., and Russian national laboratories, the company is incorporating both fresh and proven innovations to create advanced solutions that can be rapidly developed and deployed. The IX Power team has been commercializing new technologies for over 20 years; turning ideas into products, securing “lead-launch” customers, and providing a platform to grow product lines into complete enterprises.

The company is based in Los Alamos, New Mexico, U.S.A. Its international headquarters is located in London and run by Dr. Edward (Ned) Swan.

—IX—