Latest news with #ChinaNationalNuclearCorp.
.JPG%3Fwidth%3D1260%26fit%3Dcover%26gravity%3Dfaces%26dpr%3D2%26quality%3Dmedium%26source%3Dnar-cms%26format%3Dauto%26height%3D630&w=3840&q=100)
Nikkei Asia
15-05-2025
- Business
- Nikkei Asia
China on track to become top nuclear power generator by 2030
BEIJING -- China has approved plans for building 10 nuclear reactors for 200 billion yuan ($27.7 billion), putting the country on track to push its nuclear power generation capacity past the U.S. to become the world's largest by 2030. The plan to build the reactors was approved at a State Council executive meeting last month. Eight will be third-generation Hualong One reactors, which China's state-owned China National Nuclear Corp. and China General Nuclear Power Group claim to have independently developed based on U.S. and French pressurized water reactors (PWR).
Yahoo
05-03-2025
- Business
- Yahoo
China May Be Ready to Use Nuclear Fusion for Power by 2050
(Bloomberg) -- China aims to commercialize nuclear fusion technology for use in emissions-free power generation by 2050, according to the country's state-owned atomic company. Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park NJ Transit to Deploy Customer-Service Teams After Record Delays China National Nuclear Corp., which runs an experimental device dubbed the 'artificial sun', could start commercial operation of its first power generation project about five years after a demonstration phase starting around 2045, it said in a media briefing on Friday. The Asian nation has recently stepped up its ambitions in achieving nuclear fusion, a process by which the sun and other stars generate energy and that is considered a near-infinite form of clean energy. It is notoriously difficult to carry out in a sustained and usable manner and only a handful of countries like the US, Russia and South Korea have managed to crack the basics. CNNC last year formed an industry alliance and set up a new national fusion company, the China Fusion Corp. It has attracted about 1.75 billion yuan ($240 million) in investment from CNNC and Zhejiang Zheneng Electric Power Co. for cutting-edge tokamak devices, which use magnetic fields to confine and control superheated plasma to produce power without emissions or significant radioactive waste. CNNC also plans to scale up production of its homegrown designs for regular nuclear fission reactors and small modular reactors over the next five years, the company's Vice General Manager Xin Feng said at the briefing. China is set to leapfrog the US and France as the owner of the world's biggest reactor fleet by 2030. About 10 new reactors have been approved every year since power shortages emerged in 2022 and the country is expected to keep up that pace through 2030 to meet climate goals, CNNC said on Friday. Listen on Zero: Nuclear Fusion Is Unlimited Clean Power. So When Can We Have It? Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? Trump's SALT Tax Promise Hinges on an Obscure Loophole Walmart Wants to Be Something for Everyone in a Divided America The US Is Withdrawing From Global Health at a Dangerous Time Warner Bros. Movie Heads Are Burning Cash, and Their Boss Is Losing Patience ©2025 Bloomberg L.P. Sign in to access your portfolio
