Full Title: Introducing the Advanced Nuclear Energy Industry
Author(s): Samuel Brinton
Publisher(s): Third Way
Publication Date: June 1, 2015
Full Text: Download Resource
Description (excerpt):
The American energy sector has experienced enormous technological innovation over the past decade in everything from renewables (solar and wind power), to extraction (hydraulic fracturing), to storage (advanced batteries), to consumer efficiency (advanced thermostats).
What has gone largely unnoticed is that nuclear power is poised to join the innovation list.
A new generation of engineers, entrepreneurs and investors are working to commercialize innovative and advanced nuclear reactors.
This is being driven by a sobering reality—the need to add enough electricity to get power to the 1.3 billion people around the world who don’t have it while making deep cuts in carbon emissions to effectively combat climate change.
Third Way has found that there are nearly 50 companies, backed by more than $1.3 billion in private capital, developing plans for new nuclear plants in the U.S. and Canada. The mix includes startups and big-name investors like Bill Gates, all placing bets on a nuclear comeback, hoping to get the technology in position to win in an increasingly carbon-constrained world.