Concurrent Technologies Corporation receives $1.9M state grant

The Department of Community and Economic Development recently awarded Concurrent Technologies Corporation (CTC), an applied scientific research and development professional services organization, a $1.9 million grant.

The grant will be used to develop and implement advanced manufacturing technologies that support small modular nuclear reactors and legacy systems associated with operational nuclear power plants.

CTC also will provide small- to medium-sized Pennsylvania businesses with assistance in developing processes and procedures associated with achieving and maintaining compliance with cybersecurity standards.

“We are pleased to conduct this important and relevant research and development that could create rewards for our Commonwealth and the nation if this technology solution is proven to be feasible,” Edward J. Sheehan, Jr., CTC president and CEO, said. “CTC is based in Pennsylvania, where spent coal resources are abundant for this technology. We have already been collaborating with some of the larger power plants in western Pennsylvania, who possess some of the spent coal byproducts. And our experienced and knowledgeable engineers are leading the effort to leverage patented technology to extract a very valuable constituent from otherwise unusable industrial byproducts.”

CTC collaborates with Enterprise Ventures Corp., its technology transition affiliate, to provide lifecycle solutions through research, development, testing, and evaluation work.