Monday, April 19, 2021

Bill Gates Nuclear Venture with China Foiled By New US Laws

New US rules have forced a nuclear energy venture chaired by Bill Gates, to abandon an agreement with China. In 2017, TerraPower had reached an agreement with state-owned China National Nuclear Corp to build an experimental nuclear (travelling-wave) reactor. But because of United States new restrictions on technology deals with China, the company has to now look for an alternative partner.

Why Triple Talaq (Divorce) Bill is Wrong, Inhuman and Barbaric? Expert Opinion

According to RT, TerraPower’s existing deal has effectively been nullified by the new restrictions which came into effect in October by the US Department of Energy. This has prevented most nuclear business deals with China. Gates said US laws are ‘too restrictive’ to allow the prototype to be built at home. In an interview with the WSJ, TerraPower CEO Chris Levesque said they are regrouping. “Maybe we can find another partner. TerraPower has been working with China on the project, which would have seen a prototype reactor built south of Beijing, for three years.”

US Energy secretary Rick Perry said the new Energy Department regulations don’t prohibit all nuclear deals with China. “But they do require a solid guarantee that the technology won’t be used for unauthorized purposes, specifically military.”

Experts say travelling-wave reactors assure a high degree of safety at low cost. It is a type of small modular reactor and less costly to produce than larger reactors. In March 2018, TerraPower had achieved significant success in the development of this advanced nuclear reactor design. Experts applauded TerraPower’s significant success as the construction of a travelling-wave reactor (TWR) engineering simulator is an important milestone. It puts engineers in the control room of a virtual TWR system to study the reactor’s operation from start-up to full power.

More News at EurAsian Times

 

 

Featured News

US-India EEZ Row: US ‘Tones Down’ Naval Ops Squabble In India’s Maritime Zone; China Calls It QUAD Dilemma

After calling it an innocent ‘passage’, the US has further toned down the controversy surrounding its naval operation in India’s exclusive economic zone (EEZ)...

How QUAD Allies India & Japan Are Making Andaman Islands A Key Military Hub To Checkmate China

India and Japan which are part of the QUAD block seem to have joined hands in the Indian Ocean region. India's strategically-located Andaman &...

Northern Sea Route: Can Russia’s Arctic Game-Plan Outdo US’ Strategy In The Indo-Pacific?

**Russia defines the Northern Sea Route as a shipping lane from the Kara Sea to the Pacific Ocean, specifically running along the Russian Arctic...

China To Conduct Most Rapid Expansion Of Nuclear Weapons & Delivery Mechanism Ever — US Report

China will continue its efforts to spread its influence, undercut that of the United States, drive wedges between Washington and its allies and partners,...

Unreliable Ally: Should US Withdrawal From Afghanistan Be A ‘Wake-Up Call’ For All Major Non- NATO Allies (MNNA)?

US President Joe Biden’s announcement that all American troops will withdraw from Afghanistan by the 20th anniversary of the 9/11 terror attacks, thus ending...