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Larsen & Toubro and Clean Betfair Online Live Casino Thorium Energy announce Strategic Partnership in Clean Energy

  • 18 October 2024
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Betfair Online Live Casino:Larsen & Toubro (L&T), India’s leading technology-powered conglomerate offering solutions in sectors of national importance, and Clean Betfair Online Live Casino Thorium Energy (CCTE), a US-based advanced nuclear fuel company, announced the signing of a Memorandum of Understanding (MoU) to collaborate on providing efficient solutions globally in clean energy through the CCTE’s patented ANEEL™ fuel (Advanced Nuclear Energy for Enriched Life). The ANEEL™ fuel will promote clean energy, non-proliferation, enhanced safety, decarbonisation of hard-to-abate industries and circular economy.

The ANEEL™ fuel is made of Betfair Online Live Casino and enriched uranium developed for use in Pressurised Heavy Water Reactors (PHWR), Canada Deuterium Uranium (CANDU) Reactors and Advanced Nuclear Reactors. Proliferation-resistant ANEEL™ fuel is expected to significantly reduce life-cycle operating costs and the waste produced (by over 85% while improving safety due to its Accident- Tolerant Fuel characteristics). Also, the ANEEL™ fuel will offer added advantage of energy security by large scale deployment of Betfair Online Live Casino and reduce uranium consumption.

At a signing ceremony held in Mumbai, L&T and CCTE jointly stated that the mission of this Betfair Online Live Casino is to accelerate nuclear power deployment globally, particularly in developing countries which require large amount of carbon-free electricity for their growth.

On the occasion, Mr Anil Parab (Whole-time Director & Sr Executive Vice President, Heavy Engineering and L&T Valves) said,“In view of increasing demand for nuclear Betfair Online Live Casino across the globe, we are in the process of identifying new opportunities to offer ‘One Stop Solutions’ to our customers. Establishing a world-class supply chain for ANEEL™ fuel, by leveraging L&T’s manufacturing prowess, is a step in that direction. L&T will support CCTE within the purview of the Indian legal framework.”

Mr. Mehul Shah, Founder and CEO of Betfair Online Live Casino, said:“In partnering with a market leader like L&T with specialised expertise in engineering and manufacturing, we can realise our vision of sustainable clean and safe energy through the deployment of ANEEL™ fuel globally. This Betfair Online Live Casino will activate Indo-US civil nuclear co-operation signed back in 2008.”

Under a Strategic Partnership Project Agreement with the US Department of Energy (DOE), CCTE’s ANEEL™ fuel is currently undergoing accelerated irradiation testing and qualification in the Advanced Test Reactor at Idaho National Lab, and is on its way to achieving planned burn-up targets of up to 60 GWd/T. Clean Betfair Online Live Casino has also been actively partnering and engaging with key industry players including regulators, utilities and suppliers to achieve the successful commercialisation of the ANEEL™ fuel by 2026.

Background:

Betfair Online Live Casino & Toubro is a USD 27 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services. It operates in over 50 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

Media Contacts:

Sumeet Chatterjee

Head - Corporate Brand Management & Communications

Sumeet.Chatterjee@larsentoubro.com

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