L&T Ties up With US Entity to Provide Clean Energy Solutions Globally

23 Oct 2024

Larsen & Toubro (L&T) recently said that it has entered into a partnership with the US-based Clean Core Thorium Energy (CCTE) to deliver effective clean energy solutions worldwide. This collaboration aims to accelerate the global adoption of nuclear power, especially in developing nations that need substantial amounts of carbon-free energy to support their growth.

"Larsen & Toubro (L&T) has said that the signing of a Memorandum of Understanding (MoU) to collaborate on delivering globally efficient clean energy solutions via CCTE's patented ANEEEL (Advanced Nuclear Energy for Enriched Life) fuel," the company stated in a BSE filing. ANEEL is a type of nuclear fuel that integrates thorium and high-assay low-enriched uranium. It is specifically designed for use in pressurised heavy water reactors, like the CANDU (Canadian Deuterium-Uranium) reactors.

This fuel is expected to significantly reduce life-cycle operating costs and reduce waste (by over 85% while enhancing safety through its accident-tolerant fuel characteristics). Also, the use of this nuclear fuel will enhance energy security by deploying large-scale thorium deployment and decreasing uranium consumption. "ANEEL fuel aims to advance clean energy, support non-proliferation, strengthen security, facilitate decarbonisation in challenging industries, and foster a circular economy," the company further stated.

"Given the rising global demand for nuclear energy, we are actively seeking new opportunities to provide our customers with comprehensive solutions. Establishing a world-class supply chain for ANEEL fuel by leveraging L&T's manufacturing expertise is a key step in that direction. L&T will support CCTE within the purview of the Indian legal framework," stated Anil Parab, Whole-time Director & Senior Executive Vice President of Heavy Engineering and L&T Valves.