ThorEA - Towards an Alternative Nuclear Future.pdf
ThorEA - Towards an Alternative Nuclear Future.pdf
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