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ThorCon is a packaged nuclear power plant concept from Martingale, Inc. that is designed to wring capital costs out of nuclear plant construction. The company visionaries have recognized that the biggest hurdles to building new actinide-fueled reactors are the initial capital investment along with the excessive required construction lead time.
Instead of complaining that “the market” does not reward carefully crafted works of industrial art designed to last for sixty to one hundred years with lucrative paybacks delayed for three or four decades after final investment decisions, the ThorCon design team started with the notion that product designers must create offerings that satisfy market demands.
Today’s energy market rewards financial flexibility, predictable construction schedules, reasonably low investment, affordable operating costs, low or no emissions, and readily implemented upgrade paths. If the offered solution is one that uses actinide fission, customers will also want to clearly understand provisions for handling process leftovers, liabilities, accident prevention, consequence mitigation and regulatory barriers.