TITLE

Nukes in My Backyard

AUTHOR(S)
Dumaine, Brian
PUB. DATE
March 2010
SOURCE
Fortune;3/22/2010, Vol. 161 Issue 4, p36
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article examines the U.S. nuclear power industry and the design and construction of nuclear power plants. Companies including Hyperion Power Generation Inc. are designing so-called "backyard nukes," extremely small nuclear power plants approximately eight feet by five feet which are buried underground. Such plants can generate electric power for up to 20,000 homes and cost between $30-$50 million, compared to the $5 billion or more needed to construct a large conventional nuclear power plant. The small power plants will be commercially available in 2013. John Deal, Chief Executive Officer (CEO) of Hyperion, says his company plans to market the power plants in developing countries where electricity costs are high.
ACCESSION #
48492851

 

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