The legal frameworks, financial support and
demonstration plant designs are nearing completion in several countries around the world.
Not exact matches
The project is provisionally named K - DEMO (Korean
Demonstration Fusion Power
Plant), and its goal is to develop the
design for a facility that could be completed in the 2030s in Daejeon, under the leadership of the country's National Fusion Research Institute (NFRI).
A team of researchers, building on work that began as a class project at the Massachusetts Institute of Technology, has published a
design for an «ARC»
demonstration - scale fusion energy power
plant that could actually live up to the ambitious adjectives behind the acronym: «affordable, robust, compact.»
Given the nuclear solution requires new reactor
designs yet to be built even for
demonstration and test purposes, and then the complexities of siting nuclear power
plants near the calling water they need while defending them against flood waters makes construction of tested
designs take a decade.
The new FOA covers three funding pathways: First - of - a-Kind (FOAK) Nuclear
Demonstration Readiness Project pathway, intended to address major advanced reactor
design development projects or complex technology advancements for existing
plants which have significant technical and licensing risk, and have the potential to be deployed by the mid-to-late 2020s; Advanced Reactor Development Projects pathway, covering a broad scope of concepts and ideas that could improve the capabilities and commercialisation potential of advanced reactor
designs and technologies; and Regulatory Assistance Grants, providing support towards obtaining certification and licensing approvals for advanced reactor
designs and capabilities.