US tech company, Westinghouse, has announced the launch of the AP300, a smaller version of its flagship AP1000 nuclear reactor, in an effort to extend access to nuclear power as demand for clean energy rises.
The AP300 nuclear reactor is scheduled to be operational in 2027 and will provide roughly one-third of the power of the flagship AP1000 reactor, according to an official press release by the firm on Thursday.
“The AP300 is the only small modular reactor offering available that is based on deployed, operating, and advanced reactor technology,” President and CEO of Westinghouse, Patrick Fragman, said in the statement.
“The launch of the AP300 SMR rounds out the Westinghouse portfolio of reactor technology, allowing us to deliver on the full needs of our customers globally, with a clear line of sight on schedule of delivery, and economics.”
Westinghouse’s decision marks a significant turning point in the nuclear industry’s effort to reinvent itself in response to climate change.
Nuclear fission reactor electricity produces no greenhouse gas emissions, and smaller nuclear reactors are less expensive to develop.
The AP300 is expected to cost around $1 billion per unit, compared to the AP1000’s anticipated cost of $6.8 billion.
It will produce about 300 megawatts of electricity, compared to the AP1000’s 1,200 megawatts, and power about 300,000 households.