40 Years UTPB - The University of Texas of the Permian Basin

Funding

The funding ($3 million) for the Pre-Conceptual Design has been raised by UT - Permian Basin from philanthropic donations from individuals, the citizens of Andrews, Midland and Odessa, Texas, plus Caprock Electric and Thorium Power, Inc. An additional "in-kind" donation to the project has been made by General Atomics by allowing UT-Permian Basin and this project the use of significant technology and expertise on gas reactors they have developed in-house during the past 40 years. A grant ($1 million) was appropriated for the project by the federal government. Currently private funding is being investigated for the reactor's and research laboratories' construction.