The world of nuclear energy and small modular reactors – which we believe is the next obvious secular bull market in energy – keeps moving forward.
Ontario officials have granted final approval for the construction of a small modular reactor (SMR) developed by GE Vernova Hitachi Nuclear Energy, according to new reporting from Axios.
This reactor, known as the BWRX-300, is anticipated to be the first SMR to become operational in the Western world. The 300-megawatt unit will be located next to the existing Darlington Nuclear Station, operated by Ontario Power Generation. Once completed, it will generate enough electricity to power approximately 300,000 homes.
The successful implementation of this reactor at the Darlington site is expected to serve as a model for the feasibility and benefits of SMR technology.
Ontario’s energy ministry emphasized the significance of the project, noting that it will be the first SMR of its kind among G7 nations. GE has stated that early site preparations have been completed and full construction will commence soon, with the reactor projected to begin operations by 2030, the report says.
It’s going be stolen by Xi the bandit king of China and they get nothing but no understanding the tech.
Once completed, it will generate enough electricity to power approximately 300,000 homes.
To power 300,000 homes with solar, you’d need a massive amount of panels, likely in the millions. A rough estimate is around 300 to 380 panels per average home, which translates to about 90 to 114 million panels for 300,000 homes. This is assuming a typical home uses about 1000 kWh of electricity per month and each panel can produce about 300-400 watts of power.
To power 300,000 homes, a wind farm would need a significant number of turbines, likely in the hundreds. For example, the Traverse Wind Energy Center, which can power roughly 300,000 homes, utilizes 356 turbines. The Skipjack Wind project, also capable of powering 300,000 homes, will be an offshore wind farm, meaning it will utilize a different type of turbine than a land-based wind farm.
Just food for thought.
Is a 10 acre solar farm profitable?
Putting together a 1-megawatt solar farm would require 1,500-2,000 panels, which requires from 5 to 10 acres of land. A 1-megawatt solar farm can earn you about $75,000 per year — at least on paper. With $1 million upfront costs, a solar farm takes about 13 years to pay for itself and start making a profit.Jan 7, 2025.
And by 13 years they will be less efficiently
Go Nuclear !!! Reliable power 24 hours a day, 7 days a week no matter what the weather is. Night or day, rain or sunny, windy or calm, a nuclear power plant doesn’t care, it will keep the lights on for you.