Filter by tags: Coronavirus disease 2019 Small modular reactor Clear all tag filters
3 news articles found
This funding will help Moltex develop a reactor that will produce emissions-free energy through a process that recycles existing used nuclear fuel to produce non-emitting energy. The government said the technology has the potential to reduce storage needs for existing used nuclear fuel and could lead the way in establishing a first-of-its-kind, world-class non-emitting-energy system for Canada and the world.
“Our government supports the use of this innovative technology to help deliver cleaner energy sources and build on Canada’s global leadership in small nuclear reactors,” said François-Philippe Champagne, minister of innovation, science and industry.
He said Canada must lay the foundation for a better-prepared, healthier and more prosperous country. “The investment announced today will play a critical role in fighting climate change and will boost Canada’s economic stabilisation after the [Covid-19] pandemic,” he said.
- Source: Nucnet
- Date: Friday, 19 March 2021
- Original article: nucnet.org/news/government-announces-cad50-5-million-funding-for-moltex-smr-3-4-2021
The challenges the nuclear industry faces are largely external and must be overcome if it is to help tackle the existential threat of climate change, panellists in the Nuclear Energy and its Future session of the Reuters Next conference on 11 January said. These challenges include: the notion nuclear is an out-dated technology; the cost of finance; market design; political changes; perceived competition with renewable energy; and the public's misconceptions about radioactive waste.
- Source: World Nuclear News
- Date: Friday, 15 January 2021
- Original article: world-nuclear-news.org/Articles/The-real-challenges-to-nuclear-are-external,-says
The CAD20m ($15.1m) investment will help Terrestrial Energy complete a pre-licensing milestone for its technology, part of an effort to bring net-generation nuclear energy to industry, Canada’s innovation ministry said.
This is the first investment from the government’s strategic innovation fund for an SMR. Terrestrial Energy’s Integral Molten Salt Reactor (IMSR) power plant is said to be 50% more efficient than traditional reactors and suited for deployment in remote communities and industrial operations, including on-grid and off-grid power provision.
Ontario-based Terrestrial Energy, established in 2013, is proposing to build a 195-MW IMSR at Chalk River in Canada. It wants to commission the first IMSR power plants in the late 2020s.
The company said IMSR plants can be built in four years and produce electricity or industrial heat at prices competitive with fossil fuels while emitting no greenhouse gases. They can provide energy for generating on-grid electric power and heat for industrial processes, such as hydrogen production, synthetic fuel production, natural resource extraction, and desalination.
- Source: Nucnet
- Date: Saturday, 17 October 2020
- Original article: nucnet.org/news/canada-government-moves-forward-with-reactor-commercialisation-plan-10-5-2020