Flibe Energy is a new company that will develop small modular reactors based on liquid-fluoride thorium reactor (LFTR) technology. Liquid-fluoride reactors operate at high temperature but not at high pressure because they use a chemically stable medium as the fuel and the coolant, making them much safer to operate than conventional reactors. Thorium is the only abundant nuclear fuel that can be efficiently utilized in a thermal-spectrum reactor and is uniquely chemically suited for use in a fluoride reactor.