Uranium marketThe uranium market, like all commodity markets, has a history of volatility, moving with the standard forces of supply and demand as well as geopolitical pressures. It has also evolved particularities of its own in response to the unique nature and use of uranium. Historically, uranium has been mined in countries willing to export, including Australia and Canada. However, countries now responsible for more than 50% of the world’s uranium production include Kazakhstan, Namibia, Niger, and Uzbekistan.
Olkiluoto Nuclear Power PlantThe Olkiluoto Nuclear Power Plant (Olkiluodon ydinvoimalaitos, Olkiluoto kärnkraftverk) is one of Finland's two nuclear power plants, the other being the two-unit Loviisa Nuclear Power Plant. The plant is owned and operated by Teollisuuden Voima, and is located on Olkiluoto Island, on the shore of the Gulf of Bothnia, in the municipality of Eurajoki in western Finland, about from the town of Rauma and about from the city of Pori.
Advanced heavy-water reactorThe advanced heavy-water reactor (AHWR) or AHWR-300 is the latest Indian design for a next-generation nuclear reactor that burns thorium in its fuel core. It is slated to form the third stage in India's three-stage fuel-cycle plan. This phase of the fuel cycle plan was supposed to be built starting with a 300MWe prototype in 2016. KAMINI is the world's first thorium-based experimental reactor. It is cooled and moderated by light water, fueled with uranium-233 metal produced by the thorium fuel cycle harnessed by the neighbouring FBTR reactor and produces 30 KW of thermal energy at full power.
CentrifugeA centrifuge is a device that uses centrifugal force to subject a specimen to a specified constant force, for example to separate various components of a fluid. This is achieved by spinning the fluid at high speed within a container, thereby separating fluids of different densities (e.g. cream from milk) or liquids from solids. It works by causing denser substances and particles to move outward in the radial direction. At the same time, objects that are less dense are displaced and moved to the centre.
IrradiationIrradiation is the process by which an object is exposed to radiation. An irradiator is a device used to expose an object to radiation, notably gamma radiation, for a variety of purposes. Irradiators may be used for sterilizing medical and pharmaceutical supplies, preserving foodstuffs, alteration of gemstone colors, studying radiation effects, eradicating insects through sterile male release programs, or calibrating thermoluminescent dosimeters (TLDs). The exposure can originate from various sources, including natural sources.
Levelized cost of electricityThe levelized cost of electricity (LCOE) is a measure of the average net present cost of electricity generation for a generator over its lifetime. It is used for investment planning and to compare different methods of electricity generation on a consistent basis. The more general term levelized cost of energy may include the costs of either electricity or heat. The latter is also referred to as levelized cost of heat or levelized cost of heating (LCOH), or levelized cost of thermal energy.
Vulnerability of nuclear plants to attackThe vulnerability of nuclear plants to deliberate attack is of concern in the area of nuclear safety and security. Nuclear power plants, civilian research reactors, certain naval fuel facilities, uranium enrichment plants, fuel fabrication plants, and even potentially uranium mines are vulnerable to attacks which could lead to widespread radioactive contamination. The attack threat is of several general types: commando-like ground-based attacks on equipment which if disabled could lead to a reactor core meltdown or widespread dispersal of radioactivity; external attacks such as an aircraft crash into a reactor complex, or cyber attacks.