June 17, 2010 (FinancialWire) — Alternate Energy Holdings, Inc. (OTCQB: AEHI) announced the signing of a memorandum of understanding with New Mexico-based Hyperion Power Generation, Inc. to begin a joint venture between the two companies to license, build and market Hyperion's refrigerator-sized modular nuclear reactors on a world-wide basis.

Hyperion first announced the ultra-small reactor last year and said it now has more than 150 purchase commitments from customers such as mining and telecom companies.

The transportable reactors are sealed at the factory and are not refueled onsite. When the reactor has exhausted its fuel, it is returned to the factory and a new reactor would be installed in its place.

Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states.

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