Oil and mining giants among firms exploring nuclear's industrial use potential

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Oil and mining giants among firms exploring nuclear's industrial use potential

https://world-nuclear-news.org/articles/oil-and-mining-giants-among-firms-exploring-nuclears-industrial-use-potential

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The Industrial Advanced Nuclear Consortium, a group including ExxonMobil, Shell, and Rio Tinto, released a report detailing the use of small and micro modular reactors for industrial sites. The document outlines how these reactors can provide baseload heat and power to replace fossil fuel systems in remote and large-scale industrial operations.

This initiative seeks to align nuclear technology developers with the specific operational requirements of heavy industry, such as mining and petrochemical refining. By aggregating demand, the consortium aims to standardize requirements for modular reactors to ensure they are viable for commercial deployment by 2030. This shift highlights a growing industrial interest in behind-the-meter nuclear energy to mitigate grid instability and fuel price volatility.

The Industrial Advanced Nuclear Consortium, whose members include ExxonMobil, Shell, Chevron and Rio Tinto, has published a report outlining the potential for nuclear energy as "a practical, low‐carbon alternative that can be co-located with industrial facilities to provide dependable baseload heat and power, with the grid and renewables serving...

The consortium was launched last year by The Open Group, a global vendor-neutral technology and standards organisation, with founder members also including ConocoPhillips, Freeport-McMoRan and steel producer Nucor. The report focuses on the hard-to-decarbonise sectors of offshore energy, refining and petrochemicals, mining and energy-intensive manufacturing.

Read the full article at World Nuclear News:
https://world-nuclear-news.org/articles/oil-and-mining-giants-among-firms-exploring-nuclears-industrial-use-potential