Eskom’s financial collapse “indefinitely postpones” construction of a pilot plant
The much ballyhooed Pebble Bed Reactor project is on the rocks. Speaking at the World Nuclear Association (WNA) on Sept 11th, PBMR CEO Jaco Kriek said construction of a prototype plant has been "indefinitely postponed" due to financial constraints.
Kriek told the WNA conference PBMR is now looking at a new business model and a smaller reactor design. PBMR is seeking investors from industries that want a carbon emission free source of process heat. Examples include coal gasification, salt water desalinization, and oil extraction from tar sands.
Full details of the perils of the pebbles and Eskom’s ability to return to profitability to fund development of a demonstration plant can be read exclusively on the Energy Collective. Check it out.
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