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Agreement Southern Company and Core Power

The molten chloride reactor experiment is expected to be commissioned at the Idaho National Laboratory, the nation`s main nuclear laboratory. The INL has a rich history of demonstrating nuclear technology, home to the first reactor to produce usable electricity from fission and the first to power a city. Over the past 71 years, the INL has hosted 52 reactor demonstration projects, and the lab is currently working with private industry, universities and other federal stakeholders to demonstrate and deploy advanced commercial reactors. Renewing a national treasure: INL`s advanced test reactor undergoes a sixth core overhaul “Electricity is the most complex commodity, constantly evolving with new technological achievements and efficiency gains. One of the goals of the creation is to understand customer needs and create a product offering that aligns with Southern Power`s metrics. The origin at the base is to be an internal generalist and an external specialist. Origination means designing an idea to create value and then nurture it internally. Right now, the energy industry is full of change, and it`s great to have the opportunity to build relationships with people in that industry. In my work, I am constantly working to get to know our customers and look for new ways to market our developments. » The basics: The cooperation agreement announced yesterday will advance TerraPower`s molten chloride fast reactor (MCFR). Southern Company will lead the collaboration between TerraPower, INL, Core Power, Orano Federal Services, the Electric Power Research Institute and 3M Company.

“The impact of MSR on transportation and industry could be transformative as we seek to develop large-scale technology and broad acceptance of modern, long-lived liquid nuclear energy to shape the future of our approach to climate change,” concludes Bøe. About Southern CompanySouthern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through power companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers throughout America, a leader in distributed energy infrastructure, a fiber optic network and telecommunications services. Southern Company`s brands are known for their excellent customer service, high reliability, and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the entire portfolio of energy resources, including carbon-free nuclear power, advanced carbon capture technologies, natural gas, renewable energy, energy efficiency and storage technology. With a leading-edge commitment to innovation and a low-carbon future, the Southern company and its subsidiaries are developing the tailored energy solutions our customers and communities need to drive growth and prosperity. Our uncompromising values allow us to put the needs of those we serve at the heart of everything we do and run our business for the good of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs Magazine, DiversityInc, Black Enterprise, Forbes, and the Women`s Choice Award. For more information, see www.southerncompany.com. Nuclear power generation will be at the heart of an affordable and sustainable net-zero future – providing reliable, resilient and transportable clean energy.

MCFR is a new concept for nuclear power generation and one of the most advanced Generation IV core technologies under development. It offers many economic and performance benefits, including flexible and highly efficient clean energy generation to complement the increased use of intermittent renewable resources in the grid. The technology also has the potential to provide high-quality, carbon-free process heat and thermal storage for hard-to-decarbonize industrial markets and shipping sectors. The global team includes utility southern company Southern Company, nuclear innovation company TerraPower, led by Microsoft founder Bill Gates, and nuclear technology company Orano USA. Since joining Southern Power in April 2017, Daniel has worked to implement Royal Caribbean`s power purchase agreement for the Reading Wind Facility, Southern Power`s 200-megawatt wind farm in Osage and Lyon, Kansas Counties. This was a one-of-a-kind transaction, in which Southern Power adapted a purchase structure to the Verified Carbon Standard CO2 offsets in order to meet Royal Caribbean`s goals of reducing Scope One emissions. ATLANTA, 18. Nov. 2021 /PRNewswire/ — Southern Company and the U.S. Department of Energy (DOE) have entered into a collaboration agreement to design, build and operate the molten chloride reactor experiment, the world`s first fast-spectrum critical salt reactor. IofC technology is being developed with the aim of advancing the production of green and sustainable fuels for small ships and offering on-board electricity as standard for large zero-emission vessels. The Molten Chloride Reactor (CEMR) experiment is expected to provide important operational data for fast-spectrum salt reactors to enable the use of the technology in a net-zero future.

The project will influence the design, licensing and operation of a future MCFR demonstration reactor. It is supported by a funding agreement of $170 million over five years. Daniel is responsible for strategic origination for consumer and industrial clients across North America. These include long-term power purchase agreements, joint settlement of new generations at customer sites for front-end applications, and cross-coordination of Southern Company`s entire product line with PowerSecure, Sequent and Pivotal Liquified Natural Gas. Core Power (UK) has joined an international team to develop the molten salt reactor (MSR) atomic technology, which could provide enough energy to power ships. The Small Reactor Experiment, selected for funding under the DOE`s Advanced Reactor Demonstration Program (ARDP), will advance TerraPower`s Rapid Molten Chloride Reactor (MCFR) – an important technology for a sustainable clean energy future. Southern Company`s research and development (R&D) will lead the effort in a collaboration that includes TerraPower, Idaho National Laboratory (INL), CORE POWER, Orano Federal Services, the Electrical Power Research Institute (EPRI) and 3M Company. The team`s continued alliance with the DOE`s Office of Nuclear Energy through the ARDP is critical to providing this key technology and is supported by a five-year, $170 million funding agreement. About TerraPowerTerraPower is a leading nuclear innovation company committed to making the world a better place through nuclear power and science. Since its inception by Bill Gates and a group of like-minded visionaries, TerraPower has become an incubator and developer of ideas and technologies that offer energy independence, environmental sustainability, medical advancement and other innovative opportunities.

Behind each of its innovations and programs, TerraPower actively works to bring together the strengths and experiences of the public and private sectors around the world to meet pressing global needs. For more information, see terrapower.com. On October 20, a project initiation ceremony was held in Idaho Falls, attended by representatives from Southern Company, TerraPower, INL and DOE. During the event, INL Director John Wagner said: “The core of INL`s heritage is the demonstration of nuclear reactors, and this opportunity to critically make the first fast molten salt reactor critical is remarkable and significant. DAS INL is honored to be part of this historic public-private collaboration. At INL: Over the past 71 years, inL has hosted 52 reactor demonstration projects. The MCRE will have company because this number will increase over the next ten years. Oklo, NuScale Power and the Department of Defense will also build in Idaho, and they will be supported by INL-based programs, including the National Reactor Innovation Center.

For more information about the lab`s infrastructure and INL staff working with private industry, academia, and other federal stakeholders to demonstrate and deploy advanced commercial reactors, see “Road to advanced nuclear: How DOE and industry collaborations are paveing the way for advanced nuclear reactors.” Over the next few decades, up to 60,000 ships will need to switch from burning fossil fuels to emission-free propulsion. The United Nations Maritime Administration (IMO), with the unanimous approval of 197 countries, has ordered that shipping reduce its emissions by 50% of the total by 2008 by 2050. This means a real reduction in emissions of almost 90% by 2050. The msR technology developed by the consortium could achieve this goal by boosting the production of green and sustainable fuels for small ships and providing on-board electrical power for large ships, without emissions by default. .

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