In July 2010, an industry organisation with members such as Toyota, Toshiba and Hitachi, IThEMS unveiled their plans to build the world’s first commercial Thorium Molten-Salt Reactor (Th-MSR) power generator.
They are trying to get $300 million in funding. The first step on the path to commercially available Thorium Energy will be through their 10MW miniFUJI (in 5 years). That will be followed by a larger capacity design called FUJI, delivering 200MW in ten years.
The Fuji Molten salt thorium reactor would generate power at a cost significantly lower than that of current Light Water Reactors (LWR) – at least 30% lower.
There are agreements and the goals but there does not seem to significant levels of real funding. There maybe a million dollars at this point.
Burn (fission) actinide wastes from LWRs in the MSR • Each MSR burns 1000 kg per year @ 1 GWe • Each LWR produces Pu (300 kg/GWe/yr), Np+Am+Cm (30 kg/GWe/y) Tap into waste management fund
After five days of discussions and negotiations, IThEMS and the Czech Republic molten salt researchers concluded and signed memorandum which lays a foundation for collaboration towards the realization of a miniFUJI in practical use in a near future.