The HTGR’s intrinsic safety permits its colocation with industrial installations, allowing it to address the industrial sectors which are responsible for more than 20% of energy usage in North America and Europe and above 25% in Asia (according to Organization for Economic Cooperation and Development [OECD]). Refining, chemical processing, and iron and steel industries rely on fossil fuels for high temperature process heat and account for over 40% of the industrial sector energy usage.
Today, there are limited options for near-zero carbon dioxide (CO2) emission high temperature process heat. HTGR technology provides a promising option in the near term that addresses industry’s CO2 emissions, regional energy stability, supply security, and price volatility. HTGR technology is the most mature advanced form of nuclear energy that can provide a near-zero emission source of both process heat and electricity for industry. Along with proven long term fuel supply availability and price stability, each plant can store fuel for more than a year of operation eliminating fuel availability and delivery uncertainties that lead to price volatility of fossil fuel energy source alternatives. HTGRs deliver reliable energy in the form of process heat and electricity that does not depend on external factors such as time of day or weather conditions. The capability to switch between process heat and electricity generation and the ability to increase or decrease the amount of delivered energy provides a flexible low carbon source of energy unattainable with other renewable sources of energy.
The potential market for HTGRs is only limited by the market acceptability and industrial demand — hundreds of reactor modules in North America alone and hundreds more in other regions across the globe including the Middle East, Japan, the Republic of Korea (ROK), Europe, and Asia. China and Russia are pursuing HTGR designs and are working to bring their systems to market world-wide.
Investment in the development or deployment venture will be negotiated to ensure the terms are equitable and acceptable to all parties. Arrangements regarding intellectual property (IP) ownership, rights, and use would be made between the specific IP holder and the interested investor.
Read more at: http://www.ngnpalliance.org/index.php/resources Look for 2015 NGNP Industry Alliance Investor Business Plan Overview.