Britain, according to Hopkins, has a promising market for nuclear technologies, and expanding in this area will help the company's product reach its full potential. It will also help the UK government to cut expenses on its existing nuclear projects.
measures 65ft (19.8m) tall by 9ft (2.75m) in diameter. One of its many unique characteristics is that it utilizes no pumps but instead used coolant circulated only by convection. It also has a passively-cooled pressurized water reactors akin to that of nuclear submarines.
Hopkins added that it has a single power station with up to 11 other modules that would give it a total thermal capacity of 600MW, which is way smaller than what is currently being utilized in the United Kingdom.
Current nuclear new-build projects in the country are based on building reactor units in excess of 1000 MWe capacity, while NuScale units has only 50 MW each, which are factory-made and can be combined in groups of up to 12. "Our technology is smaller, scalable, easier to finance, quicker to build and easier to mix with renewables," explained Hopkins.
Thunder Energies Corporation (OTCQB: TNRG), another US based company, believes in the importance of utilizing nuclear technology in developing useful equipment for the advancement of science. The company's nuclear technology is the first in history that could produce the desired flux of neutrons with the desired energy anywhere and anytime desired via a remotely operated touch screen control.
This revolutionary nuclear technology is among the company's array of groundbreaking inventions. Just this year, it unveiled the Santilli Telescope, the very first optical equipment for space exploration that could detect antimatter light, an elusive negative matter particle that has long been considered "nonexistent" or "difficult to prove" by many scientists including Galileo, Newton, and Einstein.
The global nuclear reactor market
According to the "latest data from Research and Markets, the focus on research and developments on nuclear power is continuously improving and growing in various countries such as Russia, China, the UK, the US, and even India. The report revealed that the global nuclear reactor construction market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.22 percent from 2014-2019. Driving the growth are independent companies building their own nuclear technology.
The global nuclear reactor construction market was valued at $34.13 billion in 2014 in terms of total investment, as compared to $32.64 billion in 2013. It is poised to grow more in the last quarter of 2015 due to rising interest from independent companies in building their own nuclear technology.
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