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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.
Recommendations for a restart of molten salt reactor development by Ralph Moir (16 pages)
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
We have covered the fuji molten salt reactor in detail before
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.
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Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.