2024: The State of Advanced Reactors

January 19, 2024, 3:07PMNuclear NewsMatt Wald

Designs for high-tech products, and the start-ups that offer them, will always outnumber the commercial successes. Ditto: many more power plants are proposed than actually get built, no matter what the technology.

This is an axiom of free-market economies, but in early November 2023 it became painfully obvious in the advanced reactor field. NuScale Power, the only advanced reactor that has made it through the licensing gauntlet, acknowledged that the consortium of utilities that was its intended launch customer had failed to put together a feasible package.

Advanced reactor marketplace

October 29, 2020, 10:35AMNuclear News

Advanced reactor developers see potential markets for reactors in a range of sizes that offer clean, reliable, flexible, and cost-competitive power. Many have reached agreements with suppliers, utilities, and others to support the demonstration and possible deployment of their designs. Nuclear News is following these activities. Read on for updates and check back with Newswire often for more on the Advanced Reactor Marketplace.

Canada has invested Can$20 million in Terrestrial Energy’s 195-MW Integral Molten Salt Reactor through the Ministry of Innovation, Science and Industry, the company announced on October 15. In accepting the investment, Terrestrial Energy, which is based in Oakville, Ontario, has committed to creating and maintaining 186 jobs and creating 52 co-op positions nationally. In addition, Terrestrial Energy is spending at least $91.5 million on research and development. According to the company, the funds will assist with the completion of a key pre-licensing milestone with the Canadian Nuclear Safety Commission.

Two days earlier, Terrestrial Energy USA and Centrus Energy announced that they had signed a memorandum of understanding to evaluate the logistical, regulatory, and transportation requirements to establish a fuel supply for Integral Molten Salt Reactor power plants, which would use standard-assay low-enriched uranium at an enrichment level less than 5 percent.