Transatomic Power was an American company that designed Generation IV nuclear reactors based on molten salt reactor (MSR) technology. MIT alumni Dr. Leslie Dewan and Mark Massie founded Transatomic Power in 2011, and its board directors included E Ink Corporation co-founder Russ Wilcox. Among its backers were the venture capital outfit Founders Fund, of which Peter Thiel is a partner. In 2013, the U.S. Department of Energy awarded Transatomic first prize in the ARPA-E Future Energy innovation contest. In 2018 the company announced that it would be winding down and open source its intellectual property. The company discovered that in 2016 it had made errors in its early analysis and realized that the design couldn't consume nuclear waste. Transatomic Power ceased operation on September 25, 2018. More information...
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