Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 1 November 2023, 17:08 HKT/SGT
Share:
    

Source: Mitsubishi Heavy Industries, Ltd.
Japan and U.S.-based TerraPower expand SFR development partnership to support carbon neutrality efforts
-- Agreement will allow for collaboration on advanced nuclear technology design and demonstration. --

TOKYO, Nov 1, 2023 - (JCN Newswire) - Japan Atomic Energy Agency (JAEA), Mitsubishi Heavy Industries (MHI), Mitsubishi FBR Systems (MFBR), and TerraPower have expanded their Memorandum of Understanding (MOU) for the development of sodium-cooled fast reactor (SFR) technologies.

In January 2022, TerraPower, JAEA and MHI signed a MOU to collaborate on SFR technology development. In December 2022, the Japanese government revised their Strategic Roadmap for FR development, clarifying that Japan will begin FR concept design in 2024. The government in July 2023 selected a 650MW pool-type SFR concept proposed by MFBR as the design to be developed, and MHI as the main manufacturer and constructor.

This expanded MOU will allow TerraPower and Japan to explore the opportunity to collaborate on a common reactor design concept, based on the Japan's FR demonstration program and TerraPower's existing technologies. This MOU has been revised to include an increase in size of the Natrium™ design* for enhanced cost competitiveness, and metal fuel safety.

TerraPower is currently developing the 345-MW Natrium reactor in the United States, with the support of the U.S. Department of Energy (DOE) through the Advanced Reactor Demonstration Program (ARDP). The first Natrium plant will begin commercial operations in 2030.

"We are thrilled to expand our collaboration with JAEA as Japan works to bring advanced nuclear reactors to market," said TerraPower President and CEO Chris Levesque. "In order to achieve our climate goals, countries across the world are going to need to deploy advanced reactors starting in the 2030's, and this agreement will help us evaluate the design opportunities for large-scale Natrium plants that can support Japan's carbon targets."

In recent years, many countries have accelerated technology development to reach net zero emissions, focusing on nuclear energy as a zero-carbon energy source. Generation IV nuclear energy systems have enhanced safety features, increase cost competitiveness, reduce the amount and toxicity of high-level radioactive waste, and more efficiently use uranium resources.

Japan's Strategic Roadmap for FR technology identifies SFR is one of the most promising technologies and emphasizes the importance of international cooperation in contributing to a clean energy future.

JAEA president Masanori Koguchi said, "JAEA will play a role as one of organizations in the strategic roadmap for fast reactor development. For effective development, we believe that international cooperation is one of key issues. We will promote Japan - US collaboration on FR development through this expanded MOU."

MHI executive vice president Akihiko Kato said, "MHI group, as the core company in charge of design and development of the Japanese demonstration fast reactor, will steadily proceed in accordance with the strategic roadmap. We would like to contribute to fast reactor development cooperation between the US and Japan by utilizing the technology and experience we have cultivated over many years."

*A TerraPower and GE Hitachi technology

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.




Topic: Press release summary
Source: Mitsubishi Heavy Industries, Ltd.

Sectors: Energy, Alternatives
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Mitsubishi Heavy Industries, Ltd. Links

http://www.mhi.com

https://www.mhi.com/rss/

https://www.facebook.com/mhi.ltd/

https://twitter.com/MHI_Group

https://www.youtube.com/user/DiscoverMHI

https://www.linkedin.com/company/mitsubishi-heavy-industries/

Mitsubishi Heavy Industries, Ltd.
Apr 29, 2024 17:49 HKT/SGT
SPARX Group Establishes Space Frontiers Second Fund
Apr 29, 2024 17:00 HKT/SGT
MHI Establishes Local Subsidiary "Mitsubishi Heavy Industries Vietnam"
Apr 25, 2024 16:45 HKT/SGT
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 18, 2024 16:01 HKT/SGT
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 12, 2024 13:39 HKT/SGT
Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project
Apr 11, 2024 17:08 HKT/SGT
MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors
Apr 11, 2024 16:50 HKT/SGT
Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)
Apr 10, 2024 15:55 HKT/SGT
Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine
Apr 9, 2024 14:04 HKT/SGT
Mitsubishi Power Receives Order from HK Electric for Natural-gas-fired GTCC Power Generation Equipment
Apr 9, 2024 12:40 HKT/SGT
MHI Thermal Systems Adds New KXZ3 Series of Building-use Multi-Split Air- Conditioners Adopting R32 Refrigerant
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: