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Transatomic Power's Safer Reactor Eats Nuclear WasteBusinessWeek -- Leslie Dewan and Mark Massie had a little time on their hands in February 2010, so they decided to fix what’s wrong with nuclear reactors. They'd just completed their Ph.D. qualifying exams in nuclear engineering at Massachusetts Institute of Technology, and “we figured we were the smartest we would be for a while,” Dewan says. Their plan was to lower the cost of nuclear energy and tackle the meltdowns and radioactive waste that spook government officials and consumers.

Dewan and Massie turned to a technology developed but never commercialized in the 1950s that can burn spent nuclear fuel safely in a liquid salt reactor instead of a traditional light water reactor. They saw potential in the technique and, together with entrepreneur Russ Wilcox, founded Transatomic Power in 2011.

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