ThorCon’s Green Nuclear Power Gains Momentum

US DOE acting head of nuclear energy Ed McGinnis flanked by Indonesia delegation and ThorCon representatives

Mr. Zulnahar Usman, the chairman of the delegation, summarized the trip as “an unqualified success… I am going to strongly recommend to President Widodo that the Government add the Thorium MSR technology to the country’s energy mix.”

1. The Argonne National Lab has teamed up with ThorCon to apply for DOE grants that would support the development of ThorCon’s advanced MSR technology. One of the proposed projects would have Argonne apply its new high-fidelity simulation tools to ThorCon’s reactor design.

2. ThorCon’s first round of funding has been achieved. The lead investor, Dr. Gary Bergstrom, the founder of Acadian Asset Management, states “I was impressed by the extraordinary engineering abilities of the team as well as the project’s potential to make a dent in the climate change problem. Over my career I have been extensively involved with investing in emerging economies and I believe that many are promising markets for ThorCon’s clean, non-intermittent, and low cost (under 7 cents/kWh) electric power. It also offers dramatic benefits in facility placement options and safety versus other alternatives.”

3. In early November, a delegation from Indonesian President Widodo’s special advisory Council on the National Economy and Industry (KEIN), made a visit to the United States to carry out due diligence on molten salt reactor (MSR) technology and on the ThorCon design. The delegation was escorted by ThorCon on visits to the Braidwood Nuclear Generating Station, the Argonne National Lab, the Oak Ridge National Lab, and the Office of Nuclear Energy of the Department of Energy in Washington, DC.

Mr. Zulnahar Usman, the chairman of the delegation, summarized the trip as “an unqualified success. Our meetings and discussions with various nuclear and molten salt reactor experts in the United States have confirmed the safety and viability of the MSR technology. The ThorCon power plant has also been confirmed as an excellent design whose stated schedule and costs are doable. I am going to strongly recommend to President Widodo that the Government add the Thorium MSR technology to the…

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