KURION

Oak Ridge, TN, United States
Oak Ridge, TN, United States
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IRVINE, Calif.--(BUSINESS WIRE)--Kurion, Inc., an innovator in nuclear and hazardous waste management, announced that it was awarded a contract by Environmental Properties Management, LLC to design a water treatment system for the decommissioning of the Cimarron fuel fabrication facility located near Guthrie, Oklahoma. Environmental Properties Management is the Trustee for the Cimarron Environmental Response Trust, which owns the site. The Nuclear Regulatory Commission (NRC) and Oklahoma Department of Environmental Quality (DEQ) are the beneficiaries of the Trust and jointly regulate the cleanup of the site. As lead contractor for the water treatment system, Kurion will manage all aspects of design, construction, testing and documentation. The Cimarron project consists of the construction and implementation of multiple modular systems to remove radioactive nuclides and nitrates, treating groundwater from the former fuel facility. Bill Gallo, Kurion CEO, commented on the news, “Kurion’s modular, skid-based systems dramatically change the cost structure and treatment schedule for nuclear waste remediation. This approach has proven to be effective at the Fukushima Daiichi Nuclear Power Plant in a radioactive environment – this experience gives us a technological edge over the largest players in nuclear waste management.” Kurion’s involvement in the Cimarron project is a logical application for the systems Kurion has successfully deployed at the Fukushima site. Kurion built two mobile systems for Fukushima that employ the company’s Ion Specific Media to remove radioactive strontium from water stored in on-site tanks. These skid-based systems have removed more than 99.9% of the strontium from the processed water, surpassing decontamination targets. Kurion intends to take the same flexible, modular approach at the Cimarron site. The benefits of a modular system are numerous: the fabrication and testing of the system will take place in existing facilities, which reduces the time and cost of construction, and testing can be performed prior to delivery to confirm the system’s readiness. While not a factor at the Cimarron site, there are additional safety benefits for projects where hazardous conditions exist above-ground. For such sites, off-site construction shortens the amount of time personnel are required to spend in hazardous environments, and modular features allow operators to quickly and efficiently change out portions of the system to alter the process functions or replace failed components. “This groundwater treatment project is a natural application for the systems Kurion has successfully deployed at Fukushima,” Gallo added. “Furthermore, it represents an entirely new market segment for the company and creates a new opportunity to accelerate Kurion’s growth. For example, today the Nuclear Regulatory Commission is responsible for overseeing the decommissioning of 101 sites, including Cimarron.” The water contaminant removal system will be integrated with hydrogeological design services provided by Burns and McDonnell and will remove enriched uranium and nitrates from groundwater as a part of final decontamination, decommissioning and remediation of the former Kerr-McGee nuclear fuel facility. The Cimarron site covers approximately 700 acres, which is divided into several subareas for evaluation and treatment. Contamination is present in shallow groundwater in several portions of the site, totaling approximately 200 acres. To remove the contaminants, multiple extraction wells will pump groundwater from shallow soil and bedrock. The water will then be piped to one of two separate water treatment systems. One treatment system will remove uranium and will treat water at a flow rate ranging from 100-150 gallons per minute, and a second system will treat water for the removal of uranium and nitrates at a rate of 400-500 gallons per minute. Uranium will be removed through ion exchange using Kurion’s skid-mounted systems. Nitrates will be removed through a proprietary bio-remediation process. Kurion is performing treatability tests for this project to determine the best ion exchange material for the removal of uranium and nitrates. Upon successful completion of these tests and the necessary regulatory reviews and approvals, Kurion anticipates it will begin final design and fabrication. Kurion may also participate in the operation of the systems. It estimates a 10-year operating schedule once the system is in place at the Cimarron site. Kurion creates technology solutions to access, separate and stabilize nuclear and hazardous waste to isolate it from the environment. Kurion’s suite of technologies and engineering capabilities offer a platform to address the most-challenging waste sites worldwide. Founded in 2008, Kurion is backed by leading energy investors Lux Capital, Firelake Capital Management and Acadia Woods Partners. The company is headquartered in Irvine, Calif., and has facilities in Richland, Wash.; Idaho Falls, Idaho; Houston, Texas; Westminster, Colo.; Warrington, UK; and Tokyo, Japan. For more information, please visit www.kurion.com.


IRVINE, Calif.--(BUSINESS WIRE)--Kurion, Inc., an innovator in nuclear and hazardous waste management, announced today that it was awarded the 2015 BritWeek and UK Trade & Investment Business Innovation Award for Technology. “Kurion is honored to be recognized by BritWeek and UK Trade and Investment for our innovation in nuclear and hazardous waste management,” said Kurion CEO Bill Gallo. “Innovation is part of our DNA at Kurion: we have a dedicated team of scientists and technologists who push the limits of technology to drive new, more effective and economical solutions to protect the environment from nuclear and hazardous waste.” The BritWeek and UK Trade & Investment Business Innovation Awards celebrate achievements in innovation among the UK-California business community. Winners were announced at a dinner and awards ceremony that took place on April 23 in Los Angeles. Kurion joins a prestigious group of honorees, including 2014 winner Industrial Light & Magic, a division of Lucasfilm Ltd. Phil Ohl, managing director of Kurion Ltd., added, “We would like to thank Nick Hanigan, director of Waste Management and Decommissioning at the UK National Nuclear Laboratory (NNL), for nominating Kurion for this award. We value our partnership with NNL and look forward to working with them in the coming years to treat the toughest waste streams at Sellafield and across Europe.” Kurion provides technology solutions to access, separate and stabilize nuclear and hazardous waste. In the UK, Kurion is partnering with NNL to install a GeoMelt® vitrification system in NNL’s Central Laboratory on the Sellafield site to lower the lifecycle costs of treating some of the most difficult waste streams in the UK. To support the company’s growth, Kurion recently named prominent nuclear industry executive Jacques Besnainou as president and opened new offices in the UK, Japan and U.S. Kurion creates technology solutions to access, separate and stabilize nuclear and hazardous waste to isolate it from the environment. Kurion’s suite of technologies and engineering capabilities offer a platform to address the most-challenging waste sites worldwide. Founded in 2008, Kurion is backed by leading energy investors Lux Capital, Firelake Capital Management and Acadia Woods Partners. The company is headquartered in Irvine, Calif., and has facilities in Richland, Wash.; Idaho Falls, Idaho; Houston, Texas; Westminster, Colo.; Warrington, UK; and Tokyo, Japan. For more information, please visit www.kurion.com.


MENLO PARK, Calif.--(BUSINESS WIRE)--Lux Capital today announced it has closed Lux Ventures IV, L.P., a $350 million fund, to invest in early-stage, futuristic science and technology ventures. The fund was oversubscribed from the firm’s initial target of $245 million and brings the firm’s total capital under management to $700 million. “This is the most thrilling period of scientific and technological experimentation and advancement in the history of mankind,” says co-founder and New York-based Managing Partner Josh Wolfe. “We believe the next generation of industrialist titans will be scientists, technologists and inventors who are doing more than challenging the status quo—they’re literally challenging the laws of physics.” “At Lux, we invest at the outermost edges of what is possible. This is what venture capital was meant for,” says co-founder and Menlo Park-based Managing Partner Peter Hébert. “We are looking for new advancements with complex technical and scientific barriers that often require the collaboration of multidisciplinary teams. The most amazing, Earth-shattering ideas come to light when you bring together the smartest minds from seemingly unrelated fields of science and technology.” “We are fortunate to count as investors some of the world’s most respected institutions, foundations, families and individuals,” says Adam Kalish, General Partner. “Many of our limited partners have built multi-generational empires and even entire industries. They have been generous and eager to help our startups as partners, co-investors, customers and connectors.” “Cornell is proud to be an investor in Lux Capital's fourth fund,” says Albert J. Edwards, Chief Investment Officer at Cornell University. “We have a broad private equity portfolio and were looking for a venture firm with a differentiated perspective on science and technology. We are excited to be a part of the creation of the next generation of industrial leaders and change makers who are introducing the world to futuristic products, from 3D printers and scanners to autonomous flying vehicles and technologies that even help us see through walls." Lux Capital is a venture firm based in New York City and Silicon Valley investing in counter-conventional, seed and early stage science and technology ventures. For more information please visit www.luxcapital.com or follow us on Twitter @Lux_Capital.


IRVINE, Calif.--(BUSINESS WIRE)--Kurion, Inc., an innovator in nuclear and hazardous waste management, announced that it was awarded a contract by Environmental Properties Management, LLC to design a water treatment system for the decommissioning of the Cimarron fuel fabrication facility located near Guthrie, Oklahoma. Environmental Properties Management is the Trustee for the Cimarron Environmental Response Trust, which owns the site. The Nuclear Regulatory Commission (NRC) and Oklahoma Department of Environmental Quality (DEQ) are the beneficiaries of the Trust and jointly regulate the cleanup of the site. As lead contractor for the water treatment system, Kurion will manage all aspects of design, construction, testing and documentation. The Cimarron project consists of the construction and implementation of multiple modular systems to remove radioactive nuclides and nitrates, treating groundwater from the former fuel facility. Bill Gallo, Kurion CEO, commented on the news, “Kurion’s modular, skid-based systems dramatically change the cost structure and treatment schedule for nuclear waste remediation. This approach has proven to be effective at the Fukushima Daiichi Nuclear Power Plant in a radioactive environment – this experience gives us a technological edge over the largest players in nuclear waste management.” Kurion’s involvement in the Cimarron project is a logical application for the systems Kurion has successfully deployed at the Fukushima site. Kurion built two mobile systems for Fukushima that employ the company’s Ion Specific Media to remove radioactive strontium from water stored in on-site tanks. These skid-based systems have removed more than 99.9% of the strontium from the processed water, surpassing decontamination targets. Kurion intends to take the same flexible, modular approach at the Cimarron site. The benefits of a modular system are numerous: the fabrication and testing of the system will take place in existing facilities, which reduces the time and cost of construction, and testing can be performed prior to delivery to confirm the system’s readiness. While not a factor at the Cimarron site, there are additional safety benefits for projects where hazardous conditions exist above-ground. For such sites, off-site construction shortens the amount of time personnel are required to spend in hazardous environments, and modular features allow operators to quickly and efficiently change out portions of the system to alter the process functions or replace failed components. “This groundwater treatment project is a natural application for the systems Kurion has successfully deployed at Fukushima,” Gallo added. “Furthermore, it represents an entirely new market segment for the company and creates a new opportunity to accelerate Kurion’s growth. For example, today the Nuclear Regulatory Commission is responsible for overseeing the decommissioning of 101 sites, including Cimarron.” The water contaminant removal system will be integrated with hydrogeological design services provided by Burns and McDonnell and will remove enriched uranium and nitrates from groundwater as a part of final decontamination, decommissioning and remediation of the former Kerr-McGee nuclear fuel facility. The Cimarron site covers approximately 700 acres, which is divided into several subareas for evaluation and treatment. Contamination is present in shallow groundwater in several portions of the site, totaling approximately 200 acres. To remove the contaminants, multiple extraction wells will pump groundwater from shallow soil and bedrock. The water will then be piped to one of two separate water treatment systems. One treatment system will remove uranium and will treat water at a flow rate ranging from 100-150 gallons per minute, and a second system will treat water for the removal of uranium and nitrates at a rate of 400-500 gallons per minute. Uranium will be removed through ion exchange using Kurion’s skid-mounted systems. Nitrates will be removed through a proprietary bio-remediation process. Kurion is performing treatability tests for this project to determine the best ion exchange material for the removal of uranium and nitrates. Upon successful completion of these tests and the necessary regulatory reviews and approvals, Kurion anticipates it will begin final design and fabrication. Kurion may also participate in the operation of the systems. It estimates a 10-year operating schedule once the system is in place at the Cimarron site. Kurion creates technology solutions to access, separate and stabilize nuclear and hazardous waste to isolate it from the environment. Kurion’s suite of technologies and engineering capabilities offer a platform to address the most-challenging waste sites worldwide. Founded in 2008, Kurion is backed by leading energy investors Lux Capital, Firelake Capital Management and Acadia Woods Partners. The company is headquartered in Irvine, Calif., and has facilities in Richland, Wash.; Idaho Falls, Idaho; Houston, Texas; Westminster, Colo.; Warrington, UK; and Tokyo, Japan. For more information, please visit www.kurion.com.


IRVINE, Calif.--(BUSINESS WIRE)--Kurion, Inc., an innovator in nuclear and hazardous waste management, announced today that it was awarded the 2015 BritWeek and UK Trade & Investment Business Innovation Award for Technology. “Kurion is honored to be recognized by BritWeek and UK Trade and Investment for our innovation in nuclear and hazardous waste management,” said Kurion CEO Bill Gallo. “Innovation is part of our DNA at Kurion: we have a dedicated team of scientists and technologists who push the limits of technology to drive new, more effective and economical solutions to protect the environment from nuclear and hazardous waste.” The BritWeek and UK Trade & Investment Business Innovation Awards celebrate achievements in innovation among the UK-California business community. Winners were announced at a dinner and awards ceremony that took place on April 23 in Los Angeles. Kurion joins a prestigious group of honorees, including 2014 winner Industrial Light & Magic, a division of Lucasfilm Ltd. Phil Ohl, managing director of Kurion Ltd., added, “We would like to thank Nick Hanigan, director of Waste Management and Decommissioning at the UK National Nuclear Laboratory (NNL), for nominating Kurion for this award. We value our partnership with NNL and look forward to working with them in the coming years to treat the toughest waste streams at Sellafield and across Europe.” Kurion provides technology solutions to access, separate and stabilize nuclear and hazardous waste. In the UK, Kurion is partnering with NNL to install a GeoMelt® vitrification system in NNL’s Central Laboratory on the Sellafield site to lower the lifecycle costs of treating some of the most difficult waste streams in the UK. To support the company’s growth, Kurion recently named prominent nuclear industry executive Jacques Besnainou as president and opened new offices in the UK, Japan and U.S. Kurion creates technology solutions to access, separate and stabilize nuclear and hazardous waste to isolate it from the environment. Kurion’s suite of technologies and engineering capabilities offer a platform to address the most-challenging waste sites worldwide. Founded in 2008, Kurion is backed by leading energy investors Lux Capital, Firelake Capital Management and Acadia Woods Partners. The company is headquartered in Irvine, Calif., and has facilities in Richland, Wash.; Idaho Falls, Idaho; Houston, Texas; Westminster, Colo.; Warrington, UK; and Tokyo, Japan. For more information, please visit www.kurion.com.


News Article | March 10, 2015
Site: businesswireindia.com

Kurion, Inc., an innovator in nuclear and hazardous waste management, announced it has appointed Jacques Besnainou as president. Besnainou will join Kurion CEO Bill Gallo and Founder John Raymont in the company’s Office of the CEO. Gallo and Raymont said, “We are delighted to welcome an executive of Jacques’ caliber to Kurion. Jacques is the right leader at the right time to help us realize the company’s full potential.” Kurion is on a steep growth trajectory, driven by deployment of its nuclear waste technologies in Japan, the U.S. and Europe. Since 2013, it has opened offices in Warrington, England, and Tokyo, Japan, to support its expansion in these regions. The company also announced several major projects and acquisitions related to the cleanup of the Fukushima Daiichi Nuclear Power Plant and Hanford sites. Besnainou had been consulting to Kurion since mid-2014, assisting in the development of its global strategies. Besnainou commented on the news, “I have followed the growth of Kurion and have been highly impressed with the company’s technologies, business model and world-class team. I am convinced that Kurion has the potential to be a major global player in the nuclear waste technology market, and I am excited to join the company at this important moment in its development.” Prior to joining Kurion, Besnainou led major divisions of AREVA, the world’s largest nuclear services company. He led a staff of several thousand to manage AREVA’s global back-end business group, which includes used fuel recycling, waste management, mixed oxide (MOX) fuel supply and worldwide nuclear logistics. Following this, Besnainou led AREVA’s North American business as President and CEO of AREVA, Inc. Previously, Besnainou played a pivotal role in the development and sale of Ecobilan, a global environmental consulting group, to PricewaterhouseCoopers. He earned a Bachelor’s of Science degree in Engineering from Ecole Polytechnique and a Master’s degree in public policy from MINES Paris Tech. Besnainou lives in Washington, D.C. Kurion creates technology solutions to access, separate and stabilize nuclear and hazardous waste to isolate it from the environment. Kurion’s suite of technologies and engineering capabilities offer a platform to address the most-challenging waste sites worldwide. Founded in 2008, Kurion is backed by leading energy investors Lux Capital, Firelake Capital Management and Acadia Woods Partners. The company is headquartered in Irvine, Calif., and has facilities in Richland, Wash., Idaho Falls, Idaho, Houston, Texas, Westminster, Colo., Warrington, England, and Tokyo, Japan. For more information, please visit www.kurion.com.


Kurion, Inc., an innovator in nuclear and hazardous waste management, announced that it received a grant of one billion Japanese Yen (approximately 10 million USD) from Japan’s Ministry of Economy, Trade and Industry (METI) to demonstrate the company’s cost-effective tritium-removal technology for possible deployment at Fukushima. Kurion’s Modular Detritiation System is one of three technologies approved for the “Demonstration Project for Verification Tests of Tritium Separation Technologies” from a field of 182 submissions. Kurion has played an active role in the cleanup at Fukushima since the development of its cesium-adsorption system in 2011 in the weeks following the earthquake and tsunami that devastated the site; this agreement represents the company’s fourth major project to assist the site. “We are honored to be selected by the Ministry of Economy, Trade and Industry to demonstrate the economical effectiveness of Kurion’s detritiation technology,” said Kurion Founder and President John Raymont. “We have assembled a team of globally renowned experts to monitor the project and attest to the efficacy, scalability and economics of our technology to successfully treat the tritium accumulating at the Fukushima site. The demonstration project will begin immediately and will take place at Kurion’s detritiation facility.” Today there are more than 400,000 tons of contaminated water stored in tanks at Fukushima, a number that is growing at the rate of 400 tons per day. Submissions for the tritium-removal project required the ability to treat 800,000 tons of tritiated water. TEPCO has already installed two types of systems to remove contaminants from the stored water: Kurion’s Mobile Processing System (KMPS) and the Multi-nuclide Removal Systems known as ALPS. While the KMPS and ALPS remove contaminants in the water, they do not remove tritium. That is because the decontamination of tritium (T) is particularly problematic: it is a special form of hydrogen that forms tritiated water (HTO vs. H O), which does not lend itself to removal by conventional technologies. This is due to the fact that the water molecule itself is modified, rather than the contaminant being carried along in water in suspended or dissolved form. As a result, tritiated water is particularly difficult to treat and can spread easily if it escapes into the environment. Raymont added, “We recognize the urgency of the situation as water accumulates at the Fukushima site. While the specified completion date for the project is March 2016, it is our goal to accelerate the demonstration project and provide the necessary data by the end of 2015 to enable the METI, TEPCO and the Japanese people to make an informed decision about the tritium contamination at Fukushima.” At the Fukushima site, space is another constraint. Kurion’s modular system has a small footprint, and it can scale rapidly to process the water in the required time frame to minimize additional storage requirements. “The Kurion approach for treating tritium at Fukushima offers TEPCO an unlikely option and benefit: it creates a significant Hydrogen feedstock for Japan’s ‘hydrogen economy’ and supports the METI 2015 Hydrogen Initiative to establish hydrogen as an energy source for cars. The 800,000 tons of tritiated water at Fukushima would generate about 90,000 tons of H ,” said Raymont. The industrial process of removing tritium from water has historically focused on cleaning highly contaminated “heavy water” for recycling back into nuclear reactors, such as the process used for CANDU reactors. However, this technology is prohibitively expensive for use with light water reactors. Kurion’s Modular Detritiation System is a unique, patent-pending technology based on advances to the proven heavy water Combined Electrolysis Catalytic Exchange (CECE) process. The system converts tritiated water (HTO) to gaseous Hydrogen (H ), gaseous Oxygen (O ) and gaseous Tritium (HT); it then separates Tritium (T) for stabilization, enabling the safe disposition of the clean H and O gas streams (e.g., resold as chemical feedstock, flared to atmosphere, or recombined as H O). “Kurion has performed extensive tests on our Modular Detritiation System using a simulant of the contaminated water at the same tritium concentration levels found at the Fukushima site,” said Dr. Gaëtan Bonhomme, Kurion’s Chief Technology Officer, who led the demonstration of the detritiation technology. “These tests on tritiated water indicate that Kurion’s system successfully isolates the tritium, significantly reduces the volume of final waste, and can scale to meet the challenge at Fukushima.” Many detritiation solutions have difficulty achieving an adequate decontamination factor when starting at low contamination factors. Kurion achieves this by adjusting certain parameters of its equipment and internal recycles. As a result, Kurion can uniquely modify the system’s goals to meet customer objectives. The system does not produce any liquid waste and concentrates the tritium so the small volume can be easily dispositioned. Bill Gallo, Kurion CEO, added, “Kurion’s detritiation technology also has possible long-term applications for commercial nuclear plants. As we mature this technology, our goal is to provide operators of light pressurized water reactors an economical alternative to the controlled release of tritium into the environment and allow them to achieve a zero-liquid release status. This would eliminate community concerns and strengthen nuclear energy’s status as a clean energy source.” Kurion creates technology solutions to access, separate and stabilize nuclear and hazardous waste to isolate it from the environment. Kurion’s suite of technologies and engineering capabilities offer a platform to address the most-challenging nuclear and hazardous waste sites worldwide. Founded in 2008, Kurion is backed by leading energy investors Lux Capital, Firelake Capital Management and Acadia Woods Partners. The company is headquartered in Irvine, Calif., and has facilities in Richland, Wash., Houston, Texas, Loveland, Colo., Idaho Falls, Idaho, and Tokyo, Japan. For more information, please visit www.kurion.com.


News Article | April 20, 2015
Site: www.businesswire.com

IRVINE, Calif.--(BUSINESS WIRE)--Kurion, Inc., an innovator in nuclear and hazardous waste management, announced today it has been named an IHS CERAWeek 2015 Energy Innovation Pioneer. The company was also recognized as a finalist in the BritWeek and UK Trade & Investment Business Innovation Awards. “Kurion is honored to be recognized for our technology and track-record in global waste remediation,” said Kurion CEO Bill Gallo. “Innovation is central to our mission at Kurion: we push the limits of technology to solve the toughest challenges in nuclear and hazardous waste and to provide new, economical solutions to isolate waste from the environment.” These honors come on the heels of Kurion’s rapid growth. The company is engaged in global remediation projects at Hanford near Richland, Washington, and Sellafield in the UK, both of which house Cold War-era waste. In 2011 Kurion was a first-responder at the Fukushima Daiichi Nuclear Power Plant after a tsunami devastated the site; it remains a key player in the cleanup at Fukushima with three water treatment systems and two robotics projects. To support the company’s growth, Kurion recently appointed prominent nuclear industry executive Jacques Besnainou as president and opened new offices in the UK, Japan and U.S. Kurion CTO Dr. Gaëtan Bonhomme to Speak at IHS CERAWeek on April 23 At its annual gathering of influential energy industry leaders, IHS CERAWeek will showcase Kurion as one of 17 companies that are transforming the future of energy with groundbreaking technology. IHS selects Energy Innovation Pioneers based on invention and creativity, feasibility and timeliness, scalability, and the quality of the management team. Kurion’s Chief Technology Officer, Dr. Gaëtan Bonhomme, will present an overview of the company and its suite of access, separation and stabilization technologies at IHS CERAWeek in Houston, Texas: In its 34th year, CERAWeek brings together more than 2,800 senior energy executives, government officials and thought leaders from over 50 countries. The event explores innovation and trends across the energy sector, including oil, natural gas, electric power, coal, nuclear and renewables. The BritWeek and UK Trade & Investment Business Innovation Awards celebrate achievements in innovation among the UK-California business community. UK Trade & Investment (UKTI) works with overseas companies to help them establish operations in the UK. Winners will be announced at a dinner and awards ceremony that will take place on April 23 in Los Angeles, California. Kurion creates technology solutions to access, separate and stabilize nuclear and hazardous waste to isolate it from the environment. Kurion’s suite of technologies and engineering capabilities offer a platform to address the most-challenging waste sites worldwide. Founded in 2008, Kurion is backed by leading energy investors Lux Capital, Firelake Capital Management and Acadia Woods Partners. The company is headquartered in Irvine, Calif., and has facilities in Richland, Wash.; Idaho Falls, Idaho; Houston, Texas; Westminster, Colo.; Warrington, England; and Tokyo, Japan. For more information, please visit www.kurion.com.


News Article | March 10, 2015
Site: www.businesswire.com

IRVINE, Calif.--(BUSINESS WIRE)--Kurion, Inc., an innovator in nuclear and hazardous waste management, announced it has appointed Jacques Besnainou as president. Besnainou will join Kurion CEO Bill Gallo and Founder John Raymont in the company’s Office of the CEO. Gallo and Raymont said, “We are delighted to welcome an executive of Jacques’ caliber to Kurion. Jacques is the right leader at the right time to help us realize the company’s full potential.” Kurion is on a steep growth trajectory, driven by deployment of its nuclear waste technologies in Japan, the U.S. and Europe. Since 2013, it has opened offices in Warrington, England, and Tokyo, Japan, to support its expansion in these regions. The company also announced several major projects and acquisitions related to the cleanup of the Fukushima Daiichi Nuclear Power Plant and Hanford sites. Besnainou had been consulting to Kurion since mid-2014, assisting in the development of its global strategies. Besnainou commented on the news, “I have followed the growth of Kurion and have been highly impressed with the company’s technologies, business model and world-class team. I am convinced that Kurion has the potential to be a major global player in the nuclear waste technology market, and I am excited to join the company at this important moment in its development.” Prior to joining Kurion, Besnainou led major divisions of AREVA, the world’s largest nuclear services company. He led a staff of several thousand to manage AREVA’s global back-end business group, which includes used fuel recycling, waste management, mixed oxide (MOX) fuel supply and worldwide nuclear logistics. Following this, Besnainou led AREVA’s North American business as President and CEO of AREVA, Inc. Previously, Besnainou played a pivotal role in the development and sale of Ecobilan, a global environmental consulting group, to PricewaterhouseCoopers. He earned a Bachelor’s of Science degree in Engineering from Ecole Polytechnique and a Master’s degree in public policy from MINES Paris Tech. Besnainou lives in Washington, D.C. Kurion creates technology solutions to access, separate and stabilize nuclear and hazardous waste to isolate it from the environment. Kurion’s suite of technologies and engineering capabilities offer a platform to address the most-challenging waste sites worldwide. Founded in 2008, Kurion is backed by leading energy investors Lux Capital, Firelake Capital Management and Acadia Woods Partners. The company is headquartered in Irvine, Calif., and has facilities in Richland, Wash., Idaho Falls, Idaho, Houston, Texas, Westminster, Colo., Warrington, England, and Tokyo, Japan. For more information, please visit www.kurion.com.


MENLO PARK, Calif.--(BUSINESS WIRE)--Lux Capital today announced it has closed Lux Ventures IV, L.P., a $350 million fund, to invest in early-stage, futuristic science and technology ventures. The fund was oversubscribed from the firm’s initial target of $245 million and brings the firm’s total capital under management to $700 million. “This is the most thrilling period of scientific and technological experimentation and advancement in the history of mankind,” says co-founder and New York-based Managing Partner Josh Wolfe. “We believe the next generation of industrialist titans will be scientists, technologists and inventors who are doing more than challenging the status quo—they’re literally challenging the laws of physics.” “At Lux, we invest at the outermost edges of what is possible. This is what venture capital was meant for,” says co-founder and Menlo Park-based Managing Partner Peter Hébert. “We are looking for new advancements with complex technical and scientific barriers that often require the collaboration of multidisciplinary teams. The most amazing, Earth-shattering ideas come to light when you bring together the smartest minds from seemingly unrelated fields of science and technology.” “We are fortunate to count as investors some of the world’s most respected institutions, foundations, families and individuals,” says Adam Kalish, General Partner. “Many of our limited partners have built multi-generational empires and even entire industries. They have been generous and eager to help our startups as partners, co-investors, customers and connectors.” “Cornell is proud to be an investor in Lux Capital's fourth fund,” says Albert J. Edwards, Chief Investment Officer at Cornell University. “We have a broad private equity portfolio and were looking for a venture firm with a differentiated perspective on science and technology. We are excited to be a part of the creation of the next generation of industrial leaders and change makers who are introducing the world to futuristic products, from 3D printers and scanners to autonomous flying vehicles and technologies that even help us see through walls." Lux Capital is a venture firm based in New York City and Silicon Valley investing in counter-conventional, seed and early stage science and technology ventures. For more information please visit www.luxcapital.com or follow us on Twitter @Lux_Capital.

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