Floating Nuke Power Plants Get Backing From Quant Investor
- ThorCon expects to build 500-megawatt plants in shipyards
- Company targeting emerging markets with ‘huge power needs’
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Gary Bergstrom is jumping from the world of data-based investing to the gritty problem of how best to supply relatively inexpensive energy to the developing world.
He’s backing a plan to mass-produce small nuclear reactors at a shipyard in South Korea that can be delivered by sea. A planned demonstration model may cost as little as $1 billion, substantially less than the $20 billion that big projects can cost, and the designs may eventually produce electricity for about 3 cents a kilowatt-hour.