Schwab Network on $LTBR (Nov 9, 2026)
Lightbridge Fuel can raise existing-reactor output 10% without equipment changes and up to 20% with them, plus about one-third more power for new reactors. The DOE agreement for its Idaho National Laboratory plant is being finalized, construction starts next year, and utility adoption is expected to be gradual: small upgrades, then big ones, then new builds.
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Seth, normally we talk in person, but I'm so glad you're on the panel today because it's extremely relevant to our discussion and for our last question, I'd like to turn now to Lightbridge.
We talked about Lightbridge Fuel and part of its development is to help existing reactors produce more power, which is what we're discussing right now. How does your technology fit into this larger upgrade opportunity and what more needs to be done before more utilities adopt it commercially?
The fuel that Lightbridge is creating will be usable in existing and new reactors, helping to increase electricity production more than anything else. This will increase electricity production by 10% without changing the plant's equipment, by up to 20% with equipment changes, and about one-third more power will be available for newly built reactors.
So you can build three reactors and get the power of four, and I think it will be a continuous process with the utilities, where they will start with small upgrades, then big ones, and eventually build new reactors.
And it will also keep electricity prices under control.
So we are getting approval. We are now in the process of finalizing an agreement with the Department of Energy to build our plant at Idaho National Laboratory, which will produce the first fuel for a commercial reactor.
We are going to start construction next year. So we are very grateful for the federal assistance we are receiving from the administration and the bipartisan support we are seeing for nuclear power upgrades.
Joe Dominguez mentioned the production power credits on today's earnings call, which are supporting these reactor upgrades, and we believe Lightbridge Fuel will be able to provide more fuel than anything else.