Reason: Advanced Reactor Nuclear Power Resurgence in the U.S.
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The Canadian/U.S. Terrestrial Energy is also developing a molten salt reactor. Terrestrial’s Integral Molten Salt Reactor design is fashioned around core units that function for seven years and then are swapped out for new units. The company is seeking regulatory approval for its first plant in Canada, which would begin generating power in the early 2020s. The company makes the remarkable claim that the levelized cost of its electricity—that is, the cost taking capital, fuel, operation, and maintenance into account—would be 4 to 5 cents per kilowatt-hour. The U.S. Energy Information Administration estimates that the levelized cost of electricity from natural gas power plants is around 7 to 8 cents per kilowatt-hour.