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Mini-Reactors To Complement Renewables For Carbon-Free Electricity Era
First, mini-nuclear reactors could compete with green energy with hopes of reducing CO2 emissions by 2050.
Second, traditional nuclear power plants are aging, and construction is plagued with delays and substantial cost overruns.
Attention surrounding mini-reactors spiked in late Aug. following Bill Gates' nuclear energy venture, TerraPower LLC., is set to develop miniature nuclear power stations.
Gates founded the firm more than a decade ago, is set to build commercial advanced nuclear energy plants called "Natrium" in the U.S. later in the decade.
Future demand from nuclear power is likely to come from plants that are more than 90% smaller than traditional nuclear plants that could revive the stalled industry following Three Mile Island, Chernobyl, and Fukushima nuclear accidents.