The German-Canadian nuclear startup Dual Fluid, founded in January 2021, has successfully completed its first investment round. The round was fully subscribed as planned. Private investors raised almost seven million Canadian dollars. With the funds raised, the nuclear startup plans to increase its staff and build its own premises in order to propel the development of the novel dual fluid reactor to series production maturity. This includes building up laboratory capacity as well as collaborating with renowned research institutes to develop an initial safety analysis in accordance with international regulatory standards. In this context, very rarely occurring operating conditions are investigated in detail using mathematical models. The findings will be used for the upcoming licensing procedure. Part of the overall concept is a nuclear recycling plant that can efficiently separate nuclear waste by type. In combination with the dual fluid reactor, this will make a geological repository obsolete. The next investment round is to be in one and a half to two years’ time and will also address institutional investors. Dual Fluid is described as an inherently safe nuclear reactor that is ten times more efficient than today’s pressurised water reactors. It is patent-protected worldwide. As a fast reactor, the Dual Fluid reactor can use any fissile material: uranium, thorium or processed nuclear waste. The remaining fission products decay after only a few hundred years. Due to its high operating temperatures, a larger dual fluid power plant can produce synthetic fuels at competitive prices.
Modern Power Systems 22nd June 2021 read more »