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Thursday, May 23 2019 @ 11:03 PM UTC

Producer of small-scale nukes in talks with developers - Caribbean, Panama

Infrastructure Upgrades By Randy Woods, Business News Americas - New Mexico-based Hyperion Power Generation, which makes small-scale nuclear reactors, is in talks with developers in the Cayman Islands, Panama and the Bahamas to install its technology, company CEO John R (Grizz) Deal told BNamericas. "Our first installation is just under five years away in Romania," he said. "Then it follows really quickly in a bunch of island nations and US protectorates in the Pacific. We now have a six-year waiting list." The company, which does not have direct competitors, aims to sell 4,000 units in the first 10 years of production. "My dance card isn't nearly full," Deal said. "We have lots of opportunity to work with people." Hyperion's modular non-weapons-grade reactors are roughly 1.5m wide and provide 70MW thermal or 25MW electric capacity via steam turbines for 7-10 years. They cost roughly US$25mn-30mn each. Production costs are some US$0.05/kWh, according to Deal. "We're talking to a developer in the Cayman Islands who says people there are pretty anti-nuke. We say, tell them they can get electricity for US$0.05/kWh and they're currently paying US$0.48/kWh," he said. "This will be a lot cheaper and we'll prove the safety and security around it. And of course, they were interested in meeting with us." Invented at the US Los Alamos National Laboratory, the units are designed for industrial use such as oil shale and sands drilling and processing and primary power supply for remote areas. BNamericas will run the in-depth interview with Deal in Friday's Perspectives.

Editor's Comment: When nuclear energy was first developed geeks were speculating that electrical power would be so cheap and plentiful the power companies wouldn't even bother to meter the lines to measure consumption. Now, with the rising costs of petroleum, new technologies such as these uranium hydride reactors, capable of producing electrical energy safely at .05 cents per kWh, are all of a sudden an attractive alternative. My favorite bumper sticker of all time is "Nuke The Gay Whales for Jesus" (not that I know what that has to do with anything, it just came up.) I say screw the Arabs - go nuke. And at .05 cents per kWh? Oh, hell yeah. Where's my electric car, dammit...

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