DOE Selects Five States as  Nuclear Lifecycle Innovation Campuses

• DOE Selects Five States as  Nuclear Lifecycle Innovation Campuses
• Energy Communities Alliance Offers Diverse Approaches to DOE’s Needs
• Antares Raises $470M Series C to Deploy Nuclear Microreactors 
• Commonwealth Fusion Systems Raised $1 Billion
• Germany Announces National Hubs to Build Fusion Reactors in 2040s
• Cameco Announces IPO Plan for Westinghouse
• Holtec Plans to Build Four SMRs in New Jersey
• Crusoe and Aalo Atomics Plan First Nuclear-powered AI Factory
• NRC Proposes Transportation Rules to Support Advanced Nuclear Technologies

DOE Selects Five States as  Nuclear Lifecycle Innovation Campuses

• Utah, Tennessee, Oklahoma, Louisiana, and Idaho selected as potential hosts to modernize the nation’s nuclear fuel cycle. The five were selected from a field of 28 applications.

According to DOE the proposed campuses are designed to support activities across the full nuclear fuel lifecycle, including fuel fabrication, enrichment, reprocessing used nuclear fuel, and final disposition of used nuclear fuel. Depending on state priorities and regional capabilities, the campuses may also host advanced reactor deployment, power generation, advanced manufacturing, and co-located data centers.

This week the U.S. Department of Energy (DOE) announced the selection of Utah, Tennessee, Oklahoma, Louisiana, and Idaho as potential host states for Nuclear Lifecycle Innovation Campuses, a new effort to strengthen and modernize the nation’s full nuclear fuel cycle. The objectives of the campuses are to attract significant investment, expand domestic manufacturing, and create thousands of new high-paying jobs in their respective regions.

The project generated record levels of interest in the application process.  A total of 27 states submitted applications. U.S. Secretary of Energy Chris Wright signed Memorandums of Understanding (MOU) with the five states DOE selected to continue exploring opportunities to host Innovation Campuses.

Final agreements and the choices for what gets built where are still in the future as well as the funding to pay for a massive nuclear energy program. Congress will have to approve the massive funding associated with the program. The scope of private investment will also be negotiated as part of the program.

DOE has been pushing the deployment of up to 10 Westinghouse 1,150 MW PWR type Gen III+ nuclear reactors to be built two at a time at various locations. While DOE says it has expressions of interest, so far none of the interested parties nor site locations have been announced by DOE. Each new nuclear build will employ four-to-six thousand construction workers for up to five years at each time and 500+ permanent workers in high paying jobs for each reactor. 

Local and State Economic and Tax Issues Facing Each Nuclear Community

The U.S. government has finally taken a page out of Japan’s nuclear energy playbook it uses to convince local communities and provincial authorities to host nuclear energy facilities. The Japanese government showers local and provincial goverments with economic development money for roads, schools, transportation infrastructure, all the while also promoting the benefits of the jobs, payrolls, and increases in tax base that will accompany the construction and operation of new nuclear reactors and the support facilities, supply chain firms, and services providers that come with a public works project of this size.

DOE estimates that the proposed innovation campuses in the U.S. have the potential to attract up to $50 billion in capital investment, generate as much as $10 billion in state and local tax revenue, and create nearly 25,000 jobs with an establishment of a campus. However, the tax revenues will lag way behind the demand for municipal and state services for each nuclear campus.

The payroll impact of each construction site will have a boom, and bust impact on each community which means the DOE will need to pony up lots of cash to account for the “tax lead time problem.”  

Thousands of construction workers will show up needing housing but their presence will make huge demands pm local authorities for water and power as well as fire protection and law enforcement along with medical and other services. 

The permanent workers will come with families also needing housing, expansion of schools, and other claims on a tax base that can’t increase fast enought to pay for the rush of new people. This is where DOE will have to step in to pay for these costs, and this is exactly how Japan operates in dealing with these issues.

Background on the Selection Process for Innovation Campuses

Secretary Wright said. “I’m pleased to announce that after reviewing 28 applications from 26 states, the Energy Department has selected five initial contenders to further explore building Nuclear Lifecycle Innovation Campuses. These campuses will be massive generators of economic growth, create thousands of high-paying jobs, and be crucial to unleashing America’s nuclear renaissance.”

Earlier this year, DOE invited states to submit clear statements of interest and constructive feedback on the structure of the Innovation Campuses. In their submissions, states outlined how a campus would advance goals such as workforce development, infrastructure investment, economic diversification, or technology leadership and described the scope of activities they envision hosting. States submitted responses by April 1, 2026. States that choose to pursue hosting an innovation campus will sign hosting agreements with the Department at a later date.  

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Energy Communities Alliance Offer
Diverse Approaches to DOE’s Needs

DOE announced that Utah, Tennessee, Oklahoma, Louisiana and Idaho could one day be the future homes of Nuclear Lifecycle Innovation Campuses, a new effort to modernize the nation’s full nuclear fuel cycle and strengthen America’s leadership in advanced nuclear energy. 

The five states each provided responses that demonstrated interest in establishing voluntary federal-state partnerships designed to advance regional economic growth, enhance national energy security, and build a coherent, end-to-end nuclear energy strategy for the country. 

See below how each of the states developed their frameworks to apply for the program. The table was prepared by the Energy Communities Alliance. 

ECA has developed the Community Guide on Nuclear Lifecycle Innovation Campuses, which explores what being a host means for the communities that will host campuses, and how to build a local strategy for used fuel and waste agreements as they are negotiated and signed. This is a PDF file composed of four pages of key questions to ask ~ Read the Guide here

ECA writes in the guide, “The practical question is no longer whether the federal government will pursue consolidated used-fuel facilities. It is on whose terms and whether the community
that hosts one negotiated those terms or inherited them?”

DOE’s original request distinguished between functions a campus must support and functions it may add. New recycling and reprocessing technologies offer options to close the fuel cycle and potentially minimize the need for disposal.

Core Questions for New Nuclear Projects

ECA’s New Nuclear Initiative, organized by Rebecca Casper, Mayor of the City of Idaho Falls, ID, identified the three core questions to address:

• What do communities need to know to attract and support new nuclear development/missions?
• What and how should communities communicate to industry, national laboratories, state and federal governments about local resources and development opportunities?
• What hurdles and challenges will communities face and who can we work with to overcome them?

ECA has published a 24-page handbook titled, “From the Atomic Age to New Nuclear: Energy Communities Ready to Help Unleash Nuclear Power.” It is a handbook and guide for any local or state government to use to understand and constructively engage with DOE about it plans for nuclear facilities in their respective jurisdictions or adjacent to them.

ECA’s mission is to bring together leadership from DOE-attended communities to share information, establish policy decisions, and advocate for common interests in order to effectively address an increasingly complex set of environmental regulatory and economic needs. ECA board members include elected officials and community leaders from across the DOE complex. There are 11 states and and six federal sites that contain dozens of nuclear facilities. The communities that host or are adjacent to them belong to ECA.

ECA builds on curent and former successful efforts working cooperatively with the Department of Energy’s Office of Nuclear Energy, industry, contractors, educators and labor unions to address these issues, ensure information sharing, and identify how best to take action on common goals.

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Antares Raises $470M Series C to Deploy Nuclear Microreactors 

Antares has raised $470 million in Series C funding, co-led by Paradigm and Caffeinated Capital, with participation from Point72 Ventures, Shine Capital, Industrious Ventures, and others. The round accelerates Antares’ path from a demonstrated reactor to fielded power systems for defense and space, with initial deployments to U.S. military installations beginning by 2028.

Alana Palmedo, managing partner, Paradigm, said, “Now they transition to a new era: The scaled deployment of microreactors that can operate reliably, safely, and economically for years on U.S. military bases.”

The capital, which includes $370 million in equity and $100 million in debt, comes just weeks after Antares took its Mark-0 reactor critical at Idaho National Laboratory. It was the first privately developed non-light-water reactor to achieve criticality in the United States in more than four decades. Antares met the milestone on schedule, validating reactor physics, reactivity control, and instrumentation in a full-scale core using TRISO fuel.

“Instead of relying on hype, Antares stands apart in the advanced nuclear space by delivering concrete results, such as winning the race to criticality and securing major customers like the U.S. Air Force,” said Varun Gupta, Partner, Caffeinated. 

“On June 4th, we won the race to criticality, and now we’ve shifted to the race to commercialization,” said Jordan Bramble, CEO and co-founder of Antares.

The Series C funds the path from a demonstrated reactor to fielded systems – the Mark-1 electricity-producing reactor in 2027, and initial deployments to defense customers in 2028, including the U.S. Air Force under the Advanced Nuclear Power for Installations initiative. 

Antares produces microreactors purpose-designed for those missions, addressing a widening national vulnerability: many U.S. military installations depend on a commercial grid under growing strain from rising demand, extreme weather, and adversary targeting. 

Rian Bahran, Ph.D., Joins Antares as Chief Nuclear Officer

Rian Bahran joins the firm from the Department of Energy, where he served as Deputy Assistant Secretary for Nuclear Reactors. Before that, he served as an R&D program manager in the advanced technology group at Los Alamos National Laboratory, senior advisor at the Pentagon, and assistant director for nuclear technology and strategy at the White House Office of Scinece & Technology Policy (OSTP). He holds a Ph.D. in Nuclear Science and Engineering and the B.S. in Nuclear Engineering both from Renssalear Polytechnic Institute.

In its announcement Antares said “Rian brings technical excellence and strategy to lead nuclear operations, licensing, policy, and expansion into new markets as the firm moves from a demonstrated reactor to fielded systems: the Mark-1 electricity-producing reactor in 2027 and initial deployments to defense customers in 2028.”

About Antares

Antares is a nuclear fission energy company developing compact microreactors for defense and space applications, delivering safe, reliable power where traditional energy sources cannot. Founded in 2023 and backed by over $600 million in funding, Antares achieved initial criticality of its Mark-0 microreactor in 2026 under the DOE Reactor Pilot Program, and is on track to produce electricity from an advanced reactor in 2027, with initial production deployments to U.S. military installations beginning in 2028. Antares operates facilities in Torrance, California; Idaho Falls, Idaho; and Aiken, South Carolina.

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Commonwealth Fusion Systems Raised $1 Billion

• $1 billion raise brings total fundraising by CFS to $4 billion

(NucNet) US-based nuclear fusion company Commonwealth Fusion Systems (CFS) has raised $1 billion (€873 million) of additional equity financing – the single largest funding round among fusion energy companies worldwide since CFS announced its $1.8 billion Series B round in 2021.

The Massachusetts company, founded in 2018 after a spin-off from the Massachusetts Institute of Technology, said investors include significant institutional investors such as pension funds, sovereign wealth funds, and infrastructure and industrial corporate partners.

With this capital, and the $863m the company raised last year, CFS has now raised a total of $4bn, representing about 30% of the total capital raised by the fusion industry to date.

CFS said it will use the funds to accelerate its progress to commercialisation. In parallel to completing the assembly of its Sparc fusion demonstration machine, CFS said it continues to move forward with development of the world’s first grid-scale fusion power plant, called Arc, at the company’s Fall Line Fusion Power Station in Chesterfield County, Virginia. 

The 400-MW Arc plant is expected to come online in the early 2030s. Earlier this year CFS applied to grid operator PJM Interconnection for grid connection for the Fall Line fusion plant. The company said the application, submitted to PJM Interconnection, marks the first time a fusion power plant developer has requested to join a major grid operator.

CFS is working on its Sparc prototype fusion machine at its headquarters in Devens, MA, Sparc, which will pave the way for the commercial Arc unit, is a compact, high-field, net fusion energy device that would be the size of existing mid-sized fusion devices, but with a much stronger magnetic field. It is predicted to produce 50-100 MW of fusion power.

Sparc is expected to produce its first plasma in 2026 and net fusion energy shortly after, demonstrating for the first time a design that will produce more power than consumed. Technology giant Google has already agreed to buy power from the Fall Line plant. The 400-MW Arc could be the world’s first grid-scale fusion power plant, CFS has said.

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Germany Announces National Hubs to Build Fusion Reactors in 2040s

• Berlin has shut down its large-scale nuclear plants, but is backing advanced technologies

(NucNet) Germany has announced plans for three national fusion hubs with €125 million ($143 million) of initial funding planned for next month as Berlin aims to operate Europe’s first commercial nuclear fusion power plant to be operating in Germany in the 2040s.

Germany’s Federal Ministry for Research, Technology and Space said the three national fusion hubs will consolidate research and development in the areas of laser fusion, magnetic fusion, fuel cycles and materials development.

One hub will be at power company RWE’s former Biblis nuclear power station in the state of Hesse, central Germany. Others will be at Karlsruhe, home to the Karlsruhe Institute of Technology, and Garching near Munich, where Proxima Fusion is building the Alpha fusion test reactor, the first fusion test plant in Germany. Facilities in Mecklenburg-Western Pomerania, Schleswig-Holstein and Hamburg will also be involved in the hubs

It said the fusion hubs are designed as central locations where companies, research institutions and industry collaborate onsite and virtually on technological solutions for future fusion power plants.

Federal research minister Dorothee Bär said: “Fusion could solve our energy problems in the future.” She said it was important “that we are the drivers, rather than just passengers”.

Germany has closed all its nuclear power plants, but the government has shown support for fusion research and aims to be the first country to connect a fusion reactor to the grid.

Proxima’s Roadmap To Deployment

In February German company Proxima Fusion signed a memorandum of understanding with utility major RWE, the region of Bavaria, and the Max Planck Institute for Plasma Physics as it delivers a roadmap to build a nuclear fusion plant.

ProximA’S fusion technology is called a stellarator, a twisted donut-shaped chamber that uses powerful magnets to contain the plasma, designed to create nuclear reactions. CEO Sciortino says the approach more stable than others, such as the large tokamak design or newer methods using lasers.

Proxima is completing designs for Alpha, its net-energy-gain (Q>1) demonstration stellarator. Alpha is scheduled to begin operational testing in 2031 near Garching, Germany. This machine will integrate multi-component systems (magnets, cryogenics, power electronics) to validate operational scaling and engineering feasibility in a relevant environment.

The e company announced plans to build to build a commercial scale fusion reactor plant called Stellaris within 15 years at a nuclear site at Gundremmingen being decommissioned by RWE, and to build a commercial reactor using laser-based technology in southern Bavaria.

In July German startup Proxima Fusion has raised €411 million ($469 million) in a new funding round from a range of investors, including national energy firm RWE AG and Alphabet Inc.’s Google, to develop a nuclear fusion plant it hopes will be operational in the 2030s. The firm launched in 2023.

Researchers at the Max Planck Institute for Plasma Physics in Greifswald use the institute’s experimental Wendelstein 7-X (W7-X) stellarator for fusion research.

Separately, in June Germany’s Focused Energy raised $240 million €206 million in an investment round led by RWE to support the construction of a laser fusion energy plant at the former Biblis nuclear power station in the region of Hesse, central Germany.

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Cameco Announces IPO Plan for Westinghouse

(WNN contributed to this report)  Westinghouse Electric Company, which is privately held and owned jointly by Cameco and Brookfield Renewable Partners, has confidentially submitted a draft registration statement with the U.S Securities & Exchange Commission relating to a proposed initial public offering of its common stock. No date was set for a formal release of the IPO.

Westinghouse does a lot more than build reactors. It’s scope of products and services includes large, small, and advanced reactors, nuclear fuel fabrication and fuel services, plant engineering, and long term relationships with customers on a global scale. For instance, Westinghouse has nuclear fuel plants in the U.S., U.K., and Sweden. It built four AP1000s in China.

According to the IPO draft, the firm sees the potential to build as many as 91 new reactors by the 2040s. The IPO, if it occurs, will up a private equity powerhouse to institutional and individual investors. In short, it will be one of the biggest nuclear fission IPOs to come along in quite some time.

The IPO comes as the two firms face the fact that their combined financial resources will need mega tranches of extra financial horsepower to drive the company to build a global fleet of large nuclear reactors. In the draft filing the firm includes an ambitous list of projects in the U.S and other countries for a total of 91 new nuclear reactors.

Announcing the registration ahead of its quarterly results call, Cameco said the number of shares to be offered and the price range for the proposed stock market offering have not yet been determined, and said the proposed offering would be subject to market and other conditions.

Westinghouse, which supplied the world’s first commercial pressurized water reactor (PWR) in 1957 in Shippingport, PA, is one of the world’s largest nuclear services businesses. A strategic partnership of Cameco Corporation and Brookfield Renewable Partners acquired the company for a total enterprise value of approximately $8 billion in a transaction completed in 2023. Westinghouse had previously been acquired out of bankruptcy by Brookfield Business Partners in 2018. Currently, Cameco owns a 49% interest and Brookfield owns the remaining 51%.

Speaking during Cameco’s results call, CEO Tim Gitzel said the company was “extremely limited” in what it could say under U.S. Securities and Exchange Commission rules about the initial public offering (IPO). Nevertheless, the Westinghouse business segment featured heavily in Cameco’s quarterly results call, and its Management’s Discussion and Analysis (MDMA) document for the quarter which ended on 06/30/26.

Westinghouse’s technology platform operates across the nuclear power value chain, Cameco said in its quarterly update, with 57% (237) of the global operating fleet of 417 reactors using its technology, making it “one of the most strategically important franchises in the global nuclear power industry” with “growing global opportunities for its technologies”. 

The MDMA documents a pipeline of deployment opportunities for 91 potential AP1000 reactors totalling some 105GWe across its global markets. Dominic Kieran, Global Managing Director of Cameco UK who is also the chair of Westinghouse’s Board of Directors, said this list is ordered, sooner or later, in terms of how close those opportunities are to final investment decisions.  

For those countries and projects further down the list, “it’s not that we see them as lower probability, it’s just that we see others as slightly earlier in the process of getting to final investment decision”, said Kiearn. For a “couple” of those, “we are seeing very, very strong recognition of need for nuclear in baseload energy generation.” 

The list of strategic priorites includes the following projects in rank order.

• Up to 10 units supported through American Nuclear Supply Chain Loans announced by the US Department of Energy earlier this year, with a commercial operation timeframe by the mid-2030s; 
• Up to 10 further US units supported through the strategic partnership between Cameco, Brookfield and the US Department of Commerce announced in 2025, for commercial operation by the mid-to-late 2030s; 
• The resumption of the two-unit VC Summer project, for commercial operation by the early-mid 2030s; 
• Three units at Lubiatowo-Kopalino in Poland, for operation in the mid-2030s;
• Two units each in Bulgaria (Kozloduy units 7 and 8)
• Ukraine (Khmelnitsky units 5 and 6), for commercial operation by the mid-to-late 2030s; 
• 11 units described as “FEED-Stage Projects” (FEED is front-end engineering and design) in the Netherlands, Slovenia, Finland/Sweden, and the USA, with a late-2030s timeframe;
• Up to 51 units in Canada, India, Saudi Arabia, Slovakia, the USA, and “other European countries”, with a deployment timeframe of late 2030s to early 2040s.

Economic Benefits of the Plan Descrbe in the IPO Filing

Camerco explained that the MDMA includes illustrative economics for reactors deployed in the near term versus so-called Nth-of-a-kind deployments – that is, after five deployments of two reactor units located on a single project site for a total of 10 units, and a sustained demand of at least two reactor units per year, is achieved. 

The nuclear construction period – from first nuclear concrete to commercial operation – is estimated as around 66 months per unit for near-term deployments, reducing by 20-30% for Nth-of-a-kind deployments. Meanwhile, the overnight capital costs decrease from $20-26 billion for near-term deployments to $14-17 for Nth-of-a-kind. These number appear to reflect what Westinghouse thinks the reactors will cost in the 2030s.

With a complete reactor design – AP1000s are in operation, Westinghouse said it is well positioned for the procurement aspects of new projects, and few bottlenecks are perceived around construction, Kieran said, adding that while, “certainly not without risks” the company has been “prudent” in its assessment. 

Cameco President and Chief Operating Officer Grant Isaac spoke to the significance of the US government funding, including the importance of securing long-lead items to support construction projects. 

Issac added a standardized design, sequential construction projects, and “simplifying” projects – not by changing designs but by incorporating lessons learned – is the key to get to Nth-of-a-kind as quickly as possible, he added. “Nobody needs to fear nuclear new build – in fact, we need to embrace it,” he said.

However, the government has asked Westinghouse to invest $500 million in the $17.5 billion American Nuclear Supply Chain Loans program. It can expect that the government in the future will offer loan guarantees with fees based on risk assessments of each project in additional to investing it funds in future reactor projects.

Direct funding of projects will likely remain in the private sector by utilities and other customers including in some counties state-owner enterprises which are expected use special financial organizations to contain the risks of schedule delays and cost overruns. For instance, Poland is using a combination of government funding and a special investment vehicle.

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Holtec Plans to Build Four SMRs in New Jersey

• Oyster Creek Project Planned to Feature Four SMR-300 Units

The recent passage of pro-nuclear legislation in New Jersey has created a favorable environment for the return of advanced nuclear power to New Jersey. Against this backdrop, Holtec has focused development activities at the Oyster Creek site. 

The Oyster Creek site is planned to feature four SMR-300 units with an expected combined capacity of 1,360 MWe, which may support an estimated 4,000 construction jobs and more than 400 permanent positions and generate thousands more jobs through local supply chain development. 

This project is expected to deliver substantial economic benefits, including increased tax revenue, infrastructure investment and the potential integration of AI data centers. Located just 54 miles from our corporate headquarters in Camden, New Jersey, Holtec believes the site represents a unique opportunity to strengthen the state’s energy future with advanced nuclear technology developed, built, and deployed close to home.

Hoitec is decommissioning the former Oyster Creek nuclear reactor. The site is seen as an ideal setting for SMRs to replace it.

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Crusoe and Aalo Atomics Plan First Nuclear-powered AI Factory

• Commercial Partnership Builds Upon Aalo’s Recent Criticality; Demonstrates American Leadership in AI and Energy

Crusoe, the industry’s first vertically integrated AI infrastructure provider, and Aalo Atomics, the company building fully modular nuclear reactors (XMRs) to power modern AI data centers,  announced a strategic partnership focused on developing and deploying the first nuclear-powered AI Factory data center designed to validate nuclear power’s effectiveness with AI workloads. 

Aalo will initially power a Crusoe Spark modular data center, running Crusoe Cloud, in 2027 at Idaho National Laboratory as a proof of concept. Looking forward, Aalo and Crusoe intend to deploy Aalo Pods and Aalo’s 50 MWe XMR power plants at Crusoe data centers, by the end of 2029.  

Aalo has already begun work on its second nuclear reactor (located next to the Aalo-X test reactor at INL), testing a commercial-scale system that will produce electricity and power for an on-site Crusoe Spark™modular data center.

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NRC Proposes Transportation Rules to Support Advanced Nuclear Technologies

The Nuclear Regulatory Commission has proposed a major update to its regulations governing the transportation of radioactive materials, modernizing decades-old requirements to support advanced reactors, new nuclear fuels, and emerging technologies while maintaining the agency’s rigorous safety standards.

On July 27, 2026, the NRC published a proposed rule that would modernize how fuel transportation packages get certified. It carries Docket ID NRC-2025-1667, and the comment period closes August 26th. 

The proposed rule would replace prescriptive certification requirements with a more flexible, risk-informed framework that allows applicants to use NRC-endorsed methodologies to demonstrate the safety of transportation packages. The proposal would also update package approval requirements to accommodate larger and more advanced nuclear technologies, helping ensure the regulatory framework keeps pace with innovation across the nuclear fuel cycle.

“America’s next generation of nuclear technologies requires a transportation framework designed for today’s challenges,” NRC Chairman Ho K. Nieh said. “Enabling regulation protects people without slowing down innovation.”

The proposed rule would:

• Modernize the package certification process using risk-informed methodologies that support innovative package designs.
• Update package approval requirements to accommodate advanced reactors, new fuel types, and other emerging nuclear technologies.
• Streamline regulatory reviews by providing applicants greater flexibility in demonstrating compliance with NRC safety requirements.
• Eliminate paper reporting requirements by allowing electronic submission of required reports and certification documents.

The NRC will accept public comments on the proposed rule for 30 days following publication in the Federal Register. The agency also plans to hold a public meeting during the comment period to explain the proposal and answer questions.

Note to Readers

Neutron Bytes published an analysis of the NRC update in a guest blog post on 07/30/26 by nuclear reactor expert Elliot Marsh titled, The HALEU Transport Problem Isn’t Radiation. It’s Criticality 

According to Marsh, the nuclear trade press coverage framed it as a step toward easier microreactor deployment, and that framing is fair: the proposal would allow higher radiation level limits for certain Type B packages, including those carrying irradiated microreactors, and would let applicants use risk-informed or performance-based approaches to demonstrate compliance.

Both changes are genuinely useful. Neither one touches the constraint that actually governs moving high assay low enriched uranium (HALEU). Shielding is an engineering problem, and engineering problems yield to money and steel. You can make shielding thinner. You cannot negotiate with a fission cross-section.

Read the full text of the analysis by Mr. Marsh at Neutron Bytes.