Fast-neutron reactorA fast-neutron reactor (FNR) or fast-spectrum reactor or simply a fast reactor is a category of nuclear reactor in which the fission chain reaction is sustained by fast neutrons (carrying energies above 1 MeV or greater, on average), as opposed to slow thermal neutrons used in thermal-neutron reactors. Such a fast reactor needs no neutron moderator, but requires fuel that is relatively rich in fissile material when compared to that required for a thermal-neutron reactor.
Generation IV reactorGeneration IV reactors (Gen IV) are nuclear reactor design technologies that are envisioned as successors of generation III reactors. The Generation IV International Forum (GIF) - an international organization that coordinates the development of generation IV reactors - specifically selected six reactor technologies as candidates for generation IV reactors. The designs target improved safety, sustainability, efficiency, and cost.
Nuclear reactorA nuclear reactor is a device used to initiate and control a fission nuclear chain reaction or nuclear fusion reactions. Nuclear reactors are used at nuclear power plants for electricity generation and in nuclear marine propulsion. Heat from nuclear fission is passed to a working fluid (water or gas), which in turn runs through steam turbines. These either drive a ship's propellers or turn electrical generators' shafts. Nuclear generated steam in principle can be used for industrial process heat or for district heating.
Breeder reactorA breeder reactor is a nuclear reactor that generates more fissile material than it consumes. These reactors can be fuelled with more commonly available isotopes of uranium and thorium, such as uranium-238 or thorium-232, as opposed to the rare uranium-235 which is used in conventional reactors. These materials are called fertile materials since they can be bred into fuel by these breeder reactors. Breeder reactors achieve this because their neutron economy is high enough to create more fissile fuel than they use.
Liquid metal cooled reactorA liquid metal cooled nuclear reactor, or LMR is a type of nuclear reactor where the primary coolant is a liquid metal. Liquid metal cooled reactors were first adapted for breeder reactor power generation. They have also been used to power nuclear submarines. Due to their high thermal conductivity, metal coolants remove heat effectively, enabling high power density. This makes them attractive in situations where size and weight are at a premium, like on ships and submarines.
Thermal-neutron reactorA thermal-neutron reactor is a nuclear reactor that uses slow or thermal neutrons. ("Thermal" does not mean hot in an absolute sense, but means in thermal equilibrium with the medium it is interacting with, the reactor's fuel, moderator and structure, which is much lower energy than the fast neutrons initially produced by fission.) Most nuclear power plant reactors are thermal reactors and use a neutron moderator to slow neutrons until they approach the average kinetic energy of the surrounding particles, that is, to reduce the speed of the neutrons to low-velocity, thermal neutrons.
Neutron moderatorIn nuclear engineering, a neutron moderator is a medium that reduces the speed of fast neutrons, ideally without capturing any, leaving them as thermal neutrons with only minimal (thermal) kinetic energy. These thermal neutrons are immensely more susceptible than fast neutrons to propagate a nuclear chain reaction of uranium-235 or other fissile isotope by colliding with their atomic nucleus. Water (sometimes called "light water" in this context) is the most commonly used moderator (roughly 75% of the world's reactors).
Integral fast reactorThe integral fast reactor (IFR, originally advanced liquid-metal reactor) is a design for a nuclear reactor using fast neutrons and no neutron moderator (a "fast" reactor). IFR would breed more fuel and is distinguished by a nuclear fuel cycle that uses reprocessing via electrorefining at the reactor site. The U.S. Department of Energy began designing an IFR in 1984 and built a prototype, the Experimental Breeder Reactor II. On April 3, 1986, two tests demonstrated the safety of the IFR concept.
Neutron poisonIn applications such as nuclear reactors, a neutron poison (also called a neutron absorber or a nuclear poison) is a substance with a large neutron absorption cross-section. In such applications, absorbing neutrons is normally an undesirable effect. However, neutron-absorbing materials, also called poisons, are intentionally inserted into some types of reactors in order to lower the high reactivity of their initial fresh fuel load. Some of these poisons deplete as they absorb neutrons during reactor operation, while others remain relatively constant.
Real options valuationReal options valuation, also often termed real options analysis, (ROV or ROA) applies option valuation techniques to capital budgeting decisions. A real option itself, is the right—but not the obligation—to undertake certain business initiatives, such as deferring, abandoning, expanding, staging, or contracting a capital investment project. For example, real options valuation could examine the opportunity to invest in the expansion of a firm's factory and the alternative option to sell the factory.
