| By Big Radio News Staff |
Nuclear radioisotope producer SHINE Technologies lands a big block of government funds.
The Janesville company’s CEO, Greg Piefer, thinks the funding — $32 million awarded by the National Nuclear Security Administration — is a vote of confidence.
He says it signals the government is still betting SHINE can reach the finish line on its as-of-yet elusive local goal.
That would be finishing construction and commercializing the Chrysalis, the company’s planned medical radioisotope production facility in Janesville.
A chilly investor market last year threw curveballs at SHINE completing and ramping up the Chrysalis.
SHINE now says that plant will be in operation by 2027.
Piefer calls the $32 million “stimulus,” and says that it will help SHINE finish building and launch the Chrysalis.
The funding is tied to an earlier agreement that so far has totaled $114 million in federal funding for SHINE’s Janesville project.
