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ThorEA - Towards an Alternative Nuclear Future.pdf

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Executive Summary<br />

Recent developments in adv<strong>an</strong>ced accelerator technology have provided the UK with a unique opportunity to create, build<br />

<strong>an</strong>d sustain a multibillion pound industry based upon alternative, safe, inexhaustible, low waste <strong>an</strong>d proliferation-resist<strong>an</strong>t<br />

nuclear power generation. This innovative nuclear industry <strong>an</strong>d its associated technology will:<br />

allow the UK to compete aggressively in existing nuclear markets;<br />

open up entirely new international nuclear markets that at present are closed to all current <strong>an</strong>d pl<strong>an</strong>ned ur<strong>an</strong>ium-<br />

<strong>an</strong>d plutonium-based nuclear technologies;<br />

directly impact other high-technology industries, including medicine;<br />

enable the UK, <strong>an</strong>d other nations, to meet carbon reduction targets without increasing nuclear waste streams.<br />

This vision of a reinvigorated <strong>an</strong>d environmentally acceptable UK nuclear industry c<strong>an</strong> be delivered by adopting <strong>an</strong>d refining<br />

the concept of the Accelerator Driven Subcritical Reactor (ADSR), fuelled entirely by thorium, <strong>an</strong> abund<strong>an</strong>t <strong>an</strong>d robust fuel<br />

which produces low levels of waste <strong>an</strong>d virtually no plutonium, <strong>an</strong>d driven by adv<strong>an</strong>ced, UK-designed <strong>an</strong>d m<strong>an</strong>ufactured<br />

particle accelerators.<br />

Immediate investment will enable the UK to benefit from the momentum of its existing accelerator programme to secure a<br />

clear world lead in the new nuclear technology. It is entirely realistic to expect that:<br />

The key ADSR technologies will be developed <strong>an</strong>d functioning demonstrators delivered within five years.<br />

A privately funded 600MW prototype power station capable of providing electricity to the grid will be constructed<br />

<strong>an</strong>d commissioned by 2025.<br />

These objectives c<strong>an</strong> be best achieved through a public private<br />

partnership. An initial public investment of £300m over five years<br />

will support <strong>an</strong> intensive research <strong>an</strong>d development programme <strong>an</strong>d,<br />

in parallel, develop the industrial capability to deliver practical<br />

systems on a commercial basis in adv<strong>an</strong>ce of the deployment of<br />

competitor GEN IV nuclear technology.<br />

It is envisaged that a private comp<strong>an</strong>y will be created to m<strong>an</strong>age the<br />

research <strong>an</strong>d development programme, establish industrial collaborations,<br />

secure procurement <strong>an</strong>d capture emerging intellectual property. The<br />

research <strong>an</strong>d development programme will lever £1.5-2bn from industry<br />

over a further ten years for the design <strong>an</strong>d construction of the world’s first<br />

thorium-fuelled ADSR power station.<br />

The return on this investment is<br />

likely to be a viable <strong>an</strong>d robust<br />

UK thorium-fuelled ADSR nuclear<br />

industry serving a global need for<br />

low carbon, sustainable but safer<br />

nuclear electricity, with a projected<br />

revenue of at least £10-20 billion<br />

per <strong>an</strong>num beyond 2025.<br />

A report prepared by: the thorium energy amplifier association 07

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