China General Nuclear Power Group (CGNPC) announced in January 2016 that it would build a floating ACPR50S reactor to enter service in 2020, with a thermal output of 200 megawatts and electrical output of 60 megawatts.
CNNC signed a 2015 agreement with Lloyd’s Register for regulatory support in developing a sea-based, 100-megawatt version of its ACP100 reactor, which is likely the joint venture’s intended launch project.
Analysis shows that the economics of ACPR50S floating Nuclear power plant for offshore sea oilfield production is much better than diesel power generation system and gas turbine power generation system.
ACP100 got construction approval in 2017
China’s first project to feature the third-generation ACP100 nuclear reactor, called the Linglong One, has completed its preliminary design stage and is expected to be built later in 2017 in the Changjiang Li Autonomous County of Hainan. The first concrete for the ACP100 will be on 30th Dec. 2017.
Mass production and global exportation of the small modular reactors following the pilot project are expected, Qian said. Countries such as Canada, Brazil, Egypt, Indonesia, Iran, Mongolia, Pakistan, Saudi Arabia, the United Kingdom, to name a few, have all shown interest on the technology.
CNNC is looking for mass production and shortening construction time to 3 years instead of 4 years to reduce the costs of ACP reactors from $400 -800 million to $260 to 520 million each.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.