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X-energy raises $700M in latest funding round
Advanced reactor developer X-energy has announced that it has closed an oversubscribed Series D financing round of approximately $700 million. The funding proceeds are expected to be used to help continue the expansion of its supply chain and the commercial pipeline for its Xe-100 advanced small modular reactor and TRISO-X fuel, according the company.
Samuel E. Bays, J. Stephen Herring, James Tulenko
Nuclear Technology | Volume 173 | Number 2 | February 2011 | Pages 115-134
Technical Paper | Fission Reactors | doi.org/10.13182/NT11-A11542
Articles are hosted by Taylor and Francis Online.
An axially heterogeneous sodium-cooled fast reactor design is developed for converting minor actinide waste isotopes into plutonium fuel. The reactor design incorporates zirconium hydride moderating rods in an axial blanket above the active core. The blanket design traps the active core's axial leakage for the purpose of transmuting 241Am into 238Pu. This 238Pu is then co-recycled with the spent driver fuel to make new driver fuel. Because 238Pu is significantly more fissionable than 241Am in a fast neutron spectrum, the fissile worth of the initial minor actinide material is upgraded by its preconditioning via transmutation in the axial targets. Because the 241Am neutron capture worth is significantly greater in a moderated epithermal spectrum than the fast spectrum, the axial targets serve as a neutron trap that recovers some of the axial leakage lost by the active core.A low transuranic conversion ratio is achieved by a degree of core flattening that increases axial leakage. Unlike a traditional "pancake" design, neutron leakage is recovered by the axial target/blanket system. This heterogeneous core design is constrained to have sodium void and Doppler reactivity worth similar to that of an equivalent homogeneous design. Contrary to a homogeneous design, concentrating minor actinides (MAs) in an axial blanket mitigates the problem of above-threshold multiplication during sodium voiding. Because minor actinides are irradiated only once in the axial target region, elemental partitioning of the minor actinides from plutonium is not required. This fact enables the use of metal targets with pyroprocessing. After reprocessing, the target's newly bred 238Pu and remaining unburned MAs become the feedstock for the next batch of driver fuel.