China to develop travelling wave reactor

28 September 2017

China National Nuclear Power Company Ltd (CNNP), a subsidiary of China National Nuclear Corporation (CNNC) plans to establish a company to promote the development of a  travelling wave reactor (TWR) design, the state-run China Daily reported on 12 September.

The new organisation will be a partnership with four Chinese energy companies and will be registered at the Shanghai Stock Exchange with a capital of CNY1bn ( $153.2m). US-based TerraPower, a company founded in 2006 with the support of Microsoft founder Bill Gates, has been working with CNNC on the development of TWRs since a memorandum of understanding was signed in September 2015 to develop a TWR jointly.

A TWR could use natural uranium, depleted uranium, used light-water reactor fuel, or thorium as reload fuel following its start-up.  According to TerraPower’s website, the travelling wave reactor (TWR) is a Generation IV, liquid sodium-cooled fast reactor based on existing fast reactor technologies.

According to a statement on the Shanghai Stock Exchange, the project will be carried out in partnership with Huadian Fuxin Energy Limited Company (15%), Zhejiang Zheneng Electric Power Co Ltd (10%), Shenhua Group (30%) and Jointo Energy Investment Co Ltd Hebei (10%). CNNP will own 35% of the company.

CNNP Technology Investment, a wholly-owned subsidiary of CNNP, also plans to establish CNNP TWR Technology Investment (Tianjin) Co Ltd in partnership with the four investors. The new company, located in Tianjin, has a registered capital of CNY750m.

Photo: The travelling wave reactor (Courtesy Terrapower)

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.