The speaker is discussing Copenhagen Atomics, a startup company focused on developing thorium energy technology. Thorium, a natural element, can provide a large amount of energy, sufficient for all aspects of life, including homes, hospitals, and industries. The cost of thorium is relatively low, making it an affordable source of energy.
The company aims to develop a type of nuclear reactor, known as a molten salt reactor, which can convert thorium into energy. They are working on mass manufacturing these reactors on assembly lines, with the goal of building one reactor every day. This would significantly reduce the time and cost associated with traditional nuclear reactor construction.
Copenhagen Atomics believes that their technology can produce energy at a lower cost than any other technology, making it a viable alternative to fossil fuels. They propose a new model for nuclear energy where the company, not the government, finances, builds, and operates the power plants.
The company also addresses the issue of nuclear waste, stating that spent fuels from other types of reactors can be converted and used with their thorium reactors to generate more energy. This waste is only radioactive for a short period and can be stored above ground for a manageable amount of time.
Overall, Copenhagen Atomics is developing a technology that they believe can significantly reduce the cost of energy and address environmental concerns associated with other energy sources. They are currently hiring and inviting investment to help bring this technology to market.
1. Copenhagen Atomics is a startup company based in Copenhagen that is working on developing technology for thorium energy.
2. Thorium is a type of nuclear fuel that can provide all the energy needed for an individual's lifetime, including electricity, housing, roads, and products used.
3. The cost of raw thorium is roughly 100 dollars, which is equivalent to one dollar per year for the energy needed for a 100-year lifespan.
4. Copenhagen Atomics is leading the world in the development of thorium energy and is focused on mass manufacturing molten salt reactors that can convert thorium into energy.
5. The company aims to build one reactor every day on assembly lines, with the goal of mass manufacturing in the distant future.
6. Copenhagen Atomics is involved in a project in Indonesia and aims to build and operate nuclear power plants.
7. The company exports heat generated by the reactors through molten salts, which customers then convert into electricity or steam for industrial use.
8. Copenhagen Atomics believes that nuclear technology can provide a renewable energy source that is more abundant and energy-dense than fossil fuels.
9. The company's reactors generate energy through a process called fission, which involves splitting uranium-235 with a neutron.
10. Copenhagen Atomics has developed a unique reactor core design that slows down neutrons and captures them for energy generation.
11. The company's reactors use a liquid salt at 600 degrees to generate energy.
12. Copenhagen Atomics has developed a process to purify the salt used in the reactors to prevent corrosion.
13. The company's technology can produce energy at a lower cost than other energy technologies and can store waste from other reactors for only 300 years.
14. Copenhagen Atomics aims to provide energy at low cost by financing, building, owning, and operating power plants.
15. The company believes that its reactors will be one of the safest energy forms in the world in the decades to come.
16. Copenhagen Atomics is currently hiring a team of 70 people and is looking for investment and potential employees.