The reactor, called a Hyperion Power Module (HPM), is designed to be used as the energy source for small base load power stations. Euphemistically referred to as a “fission battery” the HPM is transportable on the back of a truck and each HPM reactor supplies enough energy to power more than 25000+ large homes, or the equivalent, for 10 years. It is not refueled on site. After the non-weapons grade fuel has run its course, the sealed 1.5 metre wide by 2.5 metres tall canister is replaced with another and the original is returned to the factory. No spent or 'waste' fuel is stored at the site. Features and operating procedures including these and others have made the HPM attractive globally as a non-proliferation nuclear energy solution.
Baseload Technology is designing various power plant configurations for turnkey distributed base load electricity networks powered by HPM reactors. "The HPM offers a scalable energy solution for developing communities due to the manageable costs and construction times of each individual plant," said Wayne Addison, Director of Baseload Technology.
“We're excited about Baseload Technology developing products and services that support the HPM." said John 'Grizz' Deal, CEO of Hyperion Power Generation. "At Hyperion Power, we believe safe affordable power is the key that turns the lock on solving many of the world's problems - from providing basic human needs such as plentiful clean water in villages, to running entire cities without harmful emissions. Wind, solar and other developments are wonderful. However, at this point, the planet's best option for providing enough robust base load power is nuclear, and the HPM makes the option of safe, secure, cost-efficient nuclear power available to just about everyone.
The International Energy Outlook 2010, a report by the US Energy Information Administration, states that nuclear generation is attracting new interest as countries seek to increase the diversity of their energy supplies, improve energy security, and provide a low-carbon alternative to fossil fuels. The report projects the strongest growth in nuclear power will be non-OECD Asian countries, where nuclear power generation is projected to grow at an average rate of 7.7 percent per year until 2035.
“Small nuclear technology provides a means for developing Asian countries to build their nuclear power industry for a fraction of the cost and risk usually associated with large conventional nuclear power plants,” said Addison. “I am confident that small nuclear technology will provide the base load energy solution for many developing nations that would otherwise be constrained to fossil fuel solutions.”
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About Baseload Technology – Baseload Technology is an Australian based energy company serving the electricity generation market. It is bringing to market the components and management expertise to build and operate small nuclear power plants and smart grids.
About Hyperion Power Generation Inc. – Hyperion Power Generation Inc. is a privately held company developing the very smallest of small modular reactor designs (SMR) through a special agreement at the famed US Los Alamos National Laboratory ("LANL") in New Mexico. Scientists there are leveraging 40+ years of non-proliferation nuclear research to assist Hyperion Power Generation in bringing to market the cleanest, safest nuclear power option possible.
Contact:
Wayne Addison
Baseload Technology
wayne.addison@baseloadtechnology.com
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