Companies owned by billionaires Bill Gates and Warren Buffett are planning to launch the first so-called Natrium nuclear reactor project. Many experts see the project as a misguided attempt to hit CO2 reduction targets.
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| Will smaller, modular reactors soon coexist with big ones like this here in Jenkinsville, South Carolina? |
Bill Gates' nuclear energy firm TerraPower and power company PacifiCorp — owned by Warren Buffett's holding company Berkshire Hathaway — teamed up in September 2020 to launch the Natrium project. It's about a small modular reactor they say will be commercially viable by 2030.
Many countries are weighing smaller, so-called modular, nuclear reactors as a way backing up low emission energy production during the transition from fossil fuel dependence to one based on renewable energy sources.
The reactor, to be built by Bechtel, will be in Wyoming, the United States top coal-producing state, Gates said. "We think Natrium will be a game-changer for the energy industry," he said.
The US Department of Energy has awarded TerraPower $80 million (€70 million) to develop its ideas.
TerraPower says the plant will cost $1 billion, including engineering, procurement and construction costs, and is expected to take seven years to build. In the US, the cost of building a conventional nuclear power plant is around $25 billion and can take far longer to build.
"Smaller, advanced reactors like those being developed under the funding from Bill Gates and others offer novel applications, approaches, and opportunities for one of the world’s largest sources of noncarbon emitting energy, nuclear energy," Brett Rampal, director of nuclear innovation at nonprofit Clean Air Task Force, told DW.
"They aren’t that small, this is 345 MW," Antony Froggatt, a research fellow at Chatham House, told DW. "While much smaller than existing reactors (1,000 MW), they are still large and may not be as modular as intended and this undermines the argument that they can be built in factories and then shipped out, which is how they are supposed to be cheaper," he warned.
But "the next generation of advanced reactors will make more efficient use of materials, be easier to site, and offer a great balance to increased reliance on renewables in the form of always available clean energy," Rampal insisted. "The Natrium concept also incorporates a thermal salt storage system which allows for the power plant to operate more flexibly and boost power output for portions of each day without having to make significant adjustments in the actual operation of the reactor," Rampal said. READ MORE...
