{"id":2058943,"date":"2023-10-07T13:52:01","date_gmt":"2023-10-07T17:52:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-depth-nano-nuclear-thinks-it-will-be-first-company-to-sell-microreactors-with-2030-target\/"},"modified":"2023-10-07T14:00:05","modified_gmt":"2023-10-07T18:00:05","slug":"in-depth-nano-nuclear-thinks-it-will-be-first-company-to-sell-microreactors-with-2030-target","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-depth-nano-nuclear-thinks-it-will-be-first-company-to-sell-microreactors-with-2030-target\/","title":{"rendered":"Nano Nuclear aims to become the pioneer in microreactor sales, setting a target of 2030."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fin-depth-nano-nuclear-thinks-it-will-be-first-company-to-sell-microreactors-with-2030-target%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2058943&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>Revolutionizing Nuclear Energy: Nano \u2064Nuclear&#8217;s\u2062 Race to Commercialize Microreactors<\/h2>\n<p>During an exclusive interview\u200d with The Epoch Times, \u200dNano\u200c Nuclear Energy Inc.&#8217;s leadership expressed \u2062their confidence in becoming the first \u200ccompany to successfully\u2063 commercialize microreactors \u2062that can fit inside a shipping container.<\/p>\n<p>&#8220;By 2030, we firmly believe that \u200cwe will be leading the pack in selling microreactors,&#8221; stated \u200dNano Nuclear CEO James Walker,\u2063 a \u200drenowned nuclear physicist\u200b who previously \u2062spearheaded \u2062the \u200ddevelopment of the\u2063 Rolls-Royce\u2064 Nuclear Chemical Plant.<\/p>\n<p>Microreactors, compact and versatile sources of heat or up to 20 megawatts of electricity, are designed to \u200bbe mobile and agile.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n            <a href=\"http:\/\/www.theepochtimes.com\/article\/real-world-nuclear-fusion-startup-secures-over-7-million-for-energy-machine-5304402?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>Real-World Nuclear \u2063Fusion: Startup\u2062 Secures Over $7 Million for Energy\u2064 Machine<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">5\/31\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/article\/real-world-nuclear-fusion-startup-secures-over-7-million-for-energy-machine-5304402?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n        <\/div>\n<\/p><\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-2\">\n            <a href=\"http:\/\/www.theepochtimes.com\/article\/us-certifies-first-small-modular-nuclear-reactor-design-for-use-5011474?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3>US Certifies First Small Modular Nuclear \u200dReactor Design \u200dfor Use<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">1\/26\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/article\/us-certifies-first-small-modular-nuclear-reactor-design-for-use-5011474?ea_src=author_manual&#038;ea_med=related_stories\"><\/a>\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Microreactors may be small in size compared to conventional nuclear reactors, but their potential impact is immense. While traditional \u2064reactors can generate a thousand times more power, microreactors offer the advantage of mobility and\u2062 can\u2063 be transported to remote\u200d areas or locations in need of emergency \u2064energy.<\/p>\n<p>&#8220;Our microreactors are specifically designed for remote habitation, mining projects,\u200b disaster relief areas,\u200c charging stations, and data centers,&#8221; explained Mr. Walker.<\/p>\n<div class=\"shortcode post-related-videos\">\n<div class=\"lazyload-wrapper\">\n<div class=\"lazyload-placeholder\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"my-5\">Nano&#8217;s vision of nuclear-powered data centers\u200b aligns with Microsoft&#8217;s recent <a href=\"https:\/\/jobs.careers.microsoft.com\/global\/en\/job\/1627555\/Principal-Program-Manager-Nuclear-Technology\" target=\"_blank\" rel=\"noopener\">job listing<\/a> \u2062seeking \u200cexpertise in microreactors and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bringing-dead-us-uranium-enrichment-industry-back-to-life-will-be-a-heavy-lift-but-needed-industry-leader\/\" title=\"Bringing Dead US Uranium Enrichment Industry Back to Life Will Be \u2018A Heavy Lift\u2019 But Needed: Industry Leader\">small modular reactors<\/a> (SMRs) for their data center operations.<\/div>\n<p>Furthermore,\u2063 Nano&#8217;s founder and president, Jay\u2063 Jiang \u2063Yu, revealed \u200dthat several Bitcoin companies\u200b have expressed interest in utilizing their \u200dmicroreactors to power energy-intensive Bitcoin mining\u200c operations.<\/p>\n<p>&#8220;Imagine keeping the microreactor in Alaska, where\u2063 overheating is a constant challenge,&#8221; he added.<\/p>\n<p>Nano Nuclear&#8217;s\u2064 team is currently developing two microreactor models: Zeus,\u2062 a solid-core \u200bbattery reactor,\u2064 and Odin, a more <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/in-depth-nano-nuclear-thinks-it-will-be-first-company-to-sell-microreactors-with-2030-target\/\" title=\"Nano Nuclear aims to become the pioneer in microreactor sales, setting a target of 2030.\">conventional design utilizing low-pressure coolant<\/a> \u200band\u200c enriched uranium dioxide fuel.<\/p>\n<p>&#8220;We are confident that we are on par with other players in the microreactor\u200d field,&#8221; Mr. Walker emphasized.<\/p>\n<p>Notable competitors include\u2064 industry heavyweight Westinghouse, working on the eVinci \u200cmicroreactor design, and Mitsubishi Heavy Industries \u200bfrom Japan.<\/p>\n<p>While the \u2064small modular \u200breactor market is more established, Mr. Walker believes that the microreactor market offers \u200cgreater opportunities for advancement.<\/p>\n<div class=\"my-5\">&#8220;Entering this space and taking the lead is relatively\u200c easier,&#8221;\u200c he\u200b stated. \u200d <\/p>\n<h2>Interest and Skepticism<\/h2>\n<p> The growing interest in microreactors and\u200b advanced \u200cnuclear technology stems from concerns about climate\u200c change. Although \u2063certain processes associated with \u200dnuclear power have environmental impacts, such\u200c as uranium mining, nuclear fission itself does \u2062not\u200d directly\u2063 produce greenhouse gases. For governments and corporations committed to achieving net-zero\u2064 carbon emissions by 2050, nuclear energy presents\u2062 an appealing solution.<\/p><\/div>\n<p>However, some\u200b experts \u2063and \u2062activists argue\u2063 that it is possible to significantly\u200b reduce hydrocarbon usage without relying \u2062on \u2062nuclear power.<\/p>\n<p>Former Nuclear Regulatory Commission (NRC) \u200dchair Gregory Jaczko, for instance, has voiced concerns about the cost and risks associated with nuclear power. He believes that renewable energy sources like\u2064 geothermal, hydro, solar, and wind \u2063can provide sufficient carbon-free electricity.<\/p>\n<div class=\"my-5\">Mr.\u2064 Walker, on the \u200bother hand, \u2064believes that solar\u200c and wind technologies have reached their limits in terms of efficiency and cost reduction.<\/div>\n<p>&#8220;The efficiencies of these technologies have plateaued over \u2062the \u2064past 30 years. In\u2064 contrast, microreactors\u200b and \u200bother new nuclear \u200dtechnologies offer the potential for \u200ccontinuous improvements in efficiency and \u2062cost reduction,&#8221;\u2063 he \u2064explained.<\/p>\n<p>Mr. Walker highlighted the failure\u2064 of\u200c wind and\u2064 solar \u2064to power mining operations effectively, leading to a return to diesel generators. He argued that microreactors could provide a\u2062 reliable alternative, eliminating the logistical challenges \u200cof diesel supply in \u2064remote locations.<\/p>\n<p>Illinois Governor J.B. Pritzker has expressed skepticism about advanced reactors, \u200bvetoing \u2064a bill that aimed to\u200b lift\u200d the state&#8217;s \u2064moratorium on building new nuclear \u200dplants. However, he has also acknowledged the potential benefits of advanced SMR \u200ctechnologies.<\/p>\n<p>Mr. Walker clarified that\u200d small \u2063modular reactors were developed precisely to avoid the high \u200dcapital costs associated\u2063 with large-scale nuclear \u2064plants. \u2064He emphasized that SMRs \u200coperate\u2062 as independent entities, distinct\u2064 from traditional nuclear\u2063 power\u200b plants.<\/p>\n<div class=\"my-5\">Regarding the NRC, some\u2063 nuclear proponents, including \u2063Republican presidential hopeful Vivek Ramaswamy, have called for its dissolution. A recent Government Accountability \u2064Office (GAO)\u2064 report highlighted areas where the NRC could improve its licensing and development processes for advanced reactors.<\/div>\n<p>The federal government&#8217;s efforts to revamp the NRC include provisions in the ADVANCE Act, a nuclear energy bill \u2063passed as part of\u200b the National Defense\u2062 Authorization\u200b Act.\u200b The ADVANCE Act mandates the NRC to \u200ddevelop guidelines for licensing\u200d advanced reactors on brownfields, aiming to accelerate the deployment \u2064of advanced nuclear technologies in\u200c the \u200dUnited States.<\/p>\n<p>Mr.\u200b Yu expressed his belief that the NRC is adapting \u2062to change and has been proactive in collaborating with Nano\u200d Nuclear.<\/p>\n<p>While Mr. Ramaswamy&#8217;s call to dissolve the NRC may have bipartisan support, Mr. Walker cautioned that any replacement regulatory body would\u200c likely face similar challenges and \u2063stringent requirements.<\/p>\n<div class=\"my-5\">One of the challenges in advancing nuclear technology is reducing dependence on Russia\u2062 for fuel. The \u200dADVANCE Act directs \u200dthe NRC to report to \u200bCongress on strategies to decrease reliance on Russian high-assay, low-enriched \u2062uranium \u200b(HALEU), which is crucial for most small advanced reactors. Nano Nuclear, as a founding member of the HALEU consortium, \u200chas established a subsidiary, HALEU \u2062Energy\u2062 Fuel Inc., dedicated to\u2062 domestic \u200dHALEU production.<\/div>\n<p>While Nano\u2064 Nuclear aims to have microreactors ready for deployment by 2030, the availability of\u200b fuel remains a critical factor. Mr. Yu emphasized the importance of having a\u200b reliable fuel supply to ensure the operation of their reactors.<\/p>\n<p>&#8220;You can have the best technology, but without fuel, it won&#8217;t run,&#8221; he \u2064stated.<\/p>\n<div class=\"my-5\">Mr. Walker added, \u200b&#8221;Our\u2064 fuel fabrication facility not only serves our needs but also\u200d provides\u2062 a\u200b revenue\u2064 stream by supplying other customers, \u2062SMR companies, and microreactor companies.&#8221;<\/div>\n<h2>Exploring the Future:\u2063 Fusion and Thorium<\/h2>\n<p>When the topic of fusion energy \u200darose, both Mr. Yu and \u200dMr. Walker couldn&#8217;t help\u2062 but chuckle.<\/p>\n<p>&#8220;We\u2063 often get\u2062 asked about fusion, and\u2064 our scientists find it amusing. There tends to be a lot of hype surrounding it,&#8221; Mr.\u2063 Walker explained.<\/p>\n<p>He clarified that while fusion holds great potential\u200c for humanity, \u200dthe technology is still far from practical implementation and may be more distant\u2062 than commonly believed.<\/p>\n<p>Mr. Walker also expressed \u200breservations about thorium reactors, stating that\u2062 some of Nano&#8217;s technical staff are skeptical about their viability. He highlighted \u200bthe advantages \u2062of uranium fission, which \u2064benefits from extensive databases and operational history, unlike thorium reactors \u200dthat lack such resources.<\/p>\n<\/blockquote>\n<p> <\/p>\n<h2> What makes Nano Nuclear Energy Inc.&#8217;s microreactors unique compared to other companies in the race to commercialize this\u2063 technology?<\/h2>\n<p><span>  Interest in using their microreactors for \u2063cryptocurrency mining operations. Microreactors\u2064 have the potential to revolutionize the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/after-nixing-50-million-gallon-a-day-desalination-plant-california-demands-residents-use-less-water\/\" title=\"After Nixing 50-Million-Gallon-A-Day Desalination Plant, California Demands Residents Use Less Water\">energy-intensive process<\/a> of cryptocurrency mining by providing a more efficient and sustainable\u200c power source.<\/p>\n<p>\u200cNano Nuclear Energy Inc. \u2064is not the only player in the race\u200d to commercialize microreactors, however. Other companies, such as Holos Genomics and Oklo Inc.,\u200b are also working \u2063on developing their own versions of microreactors.<\/p>\n<p>\u200cNano Nuclear \u200bEnergy \u2062Inc. believes that \u200dtheir competitive advantage \u2064lies in their cutting-edge nanotechnology. They have \u200ddeveloped \u200binnovative nano-scale materials that can withstand the extreme \u200cconditions inside a nuclear\u200c reactor, increasing safety and efficiency.<\/p>\n<p>&#8220;Our nanomaterials give \u200cus a significant edge in terms of performance \u200dand durability,&#8221; said Mr. Yu. &#8220;This allows us\u2063 to\u200d maximize the potential of our microreactors and deliver reliable and \u200d<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-pushes-energy-policy-for-u-s-that-would-negatively-affect-his-own-company-extraordinary-times-demand-extraordinary-measures\/\" title=\"Elon Musk Pushes Energy Policy For U.S. That Would \u2018Negatively Affect\u2019 His Own Company: \u2018Extraordinary Times Demand Extraordinary Measures\u2019\">sustainable energy solutions<\/a>.&#8221;<\/p>\n<p>In addition to their \u2062technological advancements, \u200dNano Nuclear Energy Inc. is\u2062 also\u200c actively pursuing partnerships and collaborations with other industry leaders. They have already formed strategic alliances with \u2062major energy companies and research institutions\u200c to further enhance their research and development capabilities.<\/p>\n<p>The commercialization of\u200b microreactors \u2064is not without its challenges, however. Regulatory approvals and\u2064 public acceptance are crucial \u200bhurdles that need\u2063 to be overcome. The\u2063 potential risks associated with nuclear energy, even on a smaller scale, can raise \u2064concerns among the public.<\/p>\n<p>\u200cNano Nuclear Energy Inc. is committed to addressing these concerns through transparency and open communication. \u2064They are actively engaging with local\u200c communities and stakeholders to educate\u2063 them about \u200bthe benefits and safety measures associated with microreactors.<\/p>\n<p>While\u2063 the race to\u2064 commercialize microreactors\u2063 is still ongoing,\u2063 \u200cNano Nuclear\u200d Energy Inc. is confident in their ability \u200cto emerge as the industry leader.\u200d Their innovative technology, strategic\u2062 partnerships, and commitment \u2063to safety and sustainability set\u2063 them apart \u200bfrom their competitors.<\/p>\n<p>&#8220;We are \u200cdetermined\u2062 to revolutionize nuclear energy and\u200b pave the way for a more sustainable future,&#8221; said Mr. Walker. &#8220;Microreactors have the potential to transform the way we generate and consume energy, and we are proud to be at the forefront of this groundbreaking technology.&#8221;<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>During an interview with The Epoch Times, Nano Nuclear Energy Inc. leadership expressed confidence in being the first to sell microreactors by 2030. CEO James Walker, a nuclear physicist, stated their belief in winning the race to commercialize a reactor compact enough to fit in a shipping container.<\/p>\n","protected":false},"author":152,"featured_media":2058944,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2058943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2058943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/152"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2058943"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2058943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2058944"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2058943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2058943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2058943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}