COP28: UAE signs deal with Bill Gates' company on advanced nuclear reactors
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The memorandum of understanding comes amid a push by the UAE to expand its nuclear energy capacity.
PHOTO: REUTERS
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DUBAI – Billionaire Bill Gates’ advanced nuclear reactor company TerraPower and the United Arab Emirates’ state-owned nuclear company Enec said on Dec 4 that they have agreed to study the potential development of advanced reactors in the UAE and abroad.
The memorandum of understanding comes amid a push by the UAE to expand its nuclear energy capacity, and a pledge by over 20 nations at the COP28 climate conference in Dubai to triple nuclear deployment this decade to fight climate change.
“For the UAE, we’re looking for a future for the clean electrons and molecules that will be brought to reality by advanced reactors,” said Mr Mohamed Al Hammadi, CEO of Enec, during the signing ceremony.
“Bringing advanced nuclear technologies to market is critical to meeting global decarbonisation targets,” said TerraPower president and CEO Chris Levesque.
UAE currently has one traditional nuclear power plant, near Abu Dhabi, which began producing electricity in 2020. TerraPower, meanwhile, has a demonstration project under way for its advanced Natrium reactor in the US state of Wyoming that hopes to come online in 2030.
Advanced reactors are meant to be smaller, easier to build and more dynamic than traditional plants, and are regarded by some as a vital complement to intermittent power sources like wind and solar that are expanding rapidly.
The MOU between TerraPower and UAE said that they would explore uses for advanced nuclear reactors, such storing power on the grid and providing the energy needed to produce hydrogen, and decarbonise coal, steel and aluminium plants.
One potential hitch, however, is that TerraPower’s Natrium reactors require a fuel called high-assay, low-enriched uranium or Haleu, the main producer of which currently is Russia.
TerraPower’s Wyoming project has experienced delays over concerns about Haleu supply since the Russian invasion of Ukraine, but the company told Reuters it expects the US to be able to produce the fuel in the coming decade.
The US is seeking to start up Haleu production domestically and has contracted with a company called Centrus to develop a project to do so. REUTERS
