Spotlight

The Economist Democracy Index rates countries on the state of their governing system each year. In the latest installment, 21 countries in the world were rated as a “full democracy”, including all Scandinavian countries, several Western European nations as well as Canada, New Zealand, Australia, Mauritius and Costa Rica.

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GOVERNMENT FINANCE

Terrestrial Energy Awarded US Government Grant for IMSR Development

Terrestrial Energy | November 26, 2021

Terrestrial Energy USA was awarded a $3 million grant from the U.S. Department of Energy (DOE) to support licensing and commercialization of its Integral Molten Salt Reactor (IMSR), a Generation IV nuclear power plant. The largest of the DOE awards announced Nov. 18, the award supports modeling and simulation for the off-gas systems of the IMSR power plant, supporting the company’s regulatory program for U.S. NRC licensing. “Advanced reactors will completely change the way we engineer, build, and operate nuclear reactors,” said Dr. Kathryn Huff, Principal Deputy Assistant Secretary for Nuclear Energy, in a press release announcing the awards. “These awards support technical and regulatory strides necessary for commercializing new carbon-free nuclear technologies poised to help our nation reach net-zero emissions by 2050.” Terrestrial Energy is developing its IMSR Generation IV small modular reactor (SMR) power plant for commercial deployment in the late 2020s and is engaged with regulators in the United States and Canada. The Generation IV molten salt technology used by the IMSR power plant delivers a 50 percent increase in the thermal efficiency of electric power generation compared to power plants that use conventional – water-moderated-water-cooled –reactor technology. This provides a step-change improvement in the economics of nuclear power generation while preserving nuclear energy’s carbon-free and resiliency advantages over other energy sources. “We value this grant and the Department of Energy’s support as we work to license and commercialize the IMSR nuclear power plant in the United States. It is encouraging that DOE sees the potential of Generation IV technologies and the IMSR. These grant programs support private companies as they work to deliver nuclear power technologies that can succeed in competitive global energy markets and deliver global net-zero goals. Technologies such as our IMSR Generation IV nuclear plants will produce reliable, cost-competitive heat and power without emissions, making them uniquely capable of competing with fossil fuels.” Terrestrial Energy USA CEO Simon Irish About Terrestrial Energy USA Terrestrial Energy USA, based in Charlotte, NC, is developing the Integral Molten Salt Reactor (IMSR) for U.S. market deployment. The IMSR is a non-Light Water Reactor that uses Generation IV technology to generate electricity 50 percent more efficiently than conventional – water-moderated-water-cooled – nuclear reactor technology. The IMSR represents a step-change improvement in economics, versatility and functionality of nuclear power plants that is possible only with Generation IV technology. IMSR power plants will provide resilient, reliable, dispatchable, zero-carbon and cost-competitive electric power, as well as high-grade industrial heat for use in many industrial applications, such as chemical synthesis, hydrogen production and desalination, and in so doing extend the application of nuclear energy far beyond electric power markets. IMSR power plants have the potential to make important contributions to industrial competitiveness, energy security, and economic growth.

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GOVERNMENT BUSINESS

Lynx Technology, a San Diego-based SBA 8(a), Introduced Government Software Development and Services

Lynx Technology | April 29, 2021

Lynx Technology, an IoT shrewd home, media worker arrangement, and application development organization, today declared the authority dispatch of its administrations expected to help nearby, state, territorial, and government offices and project workers with a mobile application, API, and programming development. "Lynx was established to convey groundbreaking technology to various enterprises," said John Driver, CEO of Lynx Technology. "By utilizing the information we acquired effectively working with worldwide technology makers and specialist organizations in the course of the most recent twenty years, we are sure that administration offices needing programming development and mobile applications will discover Lynx to be a phenomenal cooperate with an interesting point of view and creative arrangements." Situated in San Diego, Lynx Technology is an SBA 8(a) Certified firm. Moreover, Lynx is confirmed as a Small Business (SB) by the CA State Department of General Services, (DGS), a Caltrans Certified Disadvantaged Business Enterprise (DBE), a Minority-Owned Business, and Black American Owned Business. (DUNS: 079831093 and CAGE: 7VFR1). Lynx Technology gives the best, most expert groundbreaking technology with administrations like Mobile Development; API Development/Integration; Web and Server Development; Embedded Software; Development; and Technology Support, and is a significant asset to supplement or enhance IT prime project workers or direct to government offices. ABOUT LYNX TECHNOLOGY Lynx Technology gives groundbreaking technology including creative IoT savvy home and media worker streaming, stockpiling, and the executives for purchaser gadgets organizations and specialist co-ops. As an SBA 8(a) and California Small Business affirmed San Diego-based organization, Lynx likewise offers proficient administrations for mobile application, API, and programming development for government offices and their great project workers.

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President Donald Trump signed an executive order on Thursday banning transactions with TikTok owner ByteDance and Tencent’s WeChat

White House | August 07, 2020

President Donald Trump signed an executive order on Thursday banning transactions with ByteDance, the parent company of popular app TikTok . The White House also announced that he signed a similar order banning transactions with WeChat, a messaging app that is ubiquitous in China, but has a much smaller presence than TikTok in the United States, where it is used mainly by members of the Chinese diaspora, and its owner Tencent Holdings. Both orders will take effect in 45 days, but (and this is a key point) the executive orders are vague and confusing because they say Secretary of State Wilbur Ross will not identify what transactions are covered until then. It’s also still uncertain how the executive orders will affect the apps’ operations in the U.S.

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Spotlight

The Economist Democracy Index rates countries on the state of their governing system each year. In the latest installment, 21 countries in the world were rated as a “full democracy”, including all Scandinavian countries, several Western European nations as well as Canada, New Zealand, Australia, Mauritius and Costa Rica.