Signing an investment and financing agreement for 200 million USD with LeadCold in London on January 20th, Essel Group ME enables LeadCold to license and construct the world’s first privately funded lead-cooled nuclear power plant.
Using advanced technology, small nuclear reactors may provide clean and safe base-load energy in locations where today diesel power is the only choice, such as in Arctic regions, remote islands, off-grid communities, mining and and shipping industry. Diesel generators are responsible for 3% of global greenhouse gas missions.
LeadCold develops the small lead-cooled nuclear reactor SEALER for commercial power production in Arctic communities and mining operations. A SEALER unit is capable of producing 3-10 MW of electricity for 10-30 years, without ever refuelling the reactor. The use of lead coolant eliminates the need for emergency cooling and reduces the risk for release of radio-active elements. Moreover, LeadCold engineers have developed novel aluminium alloyed steels that are highly corrosion resistant in contact with liquid lead, addressing the major obstacle having hampered the commercial implementation of this technology.
© LeadCold Reactors, 2017