The nuclear power generation industry is advancing rapidly with the development of Advanced Nuclear Micro-Reactors (ANMR) utilizing High Temperature Gas Reactors (HTGR) technology. By 2050, the United States is projected to need 250 gigawatts of newly generated power, more than doubling its current capacity.
Businesses that cannot sustain an electrical power outage without facing significant losses or catastrophic failures are classified as Mission Critical (MC). This includes various industries and companies that heavily rely on uninterrupted power. According to the EIA, the average number of power outages in the U.S. is approximately 1.5 per year, each lasting about seven hours.
The data center and supercomputing storage industry is still in its infancy, according to experts in Advanced Technology (AT). This field encompasses the development of artificial intelligence, real-time collaboration tools, 3D visualization, cryptocurrency data mining, and more. However, the rapid growth in demand for data centers is outpacing the available power supply in many regions.
The U.S. mining industry operates roughly 12,563 active mines, many of which produce sands, gravel, copper, molybdenum, aluminum, and iron ore for steel production. Lithium mining is expected to grow by 500% by 2050, reflecting a renewed interest in this sector. Energy costs account for a significant portion of mining operational expenses, with 70% devoted to the comminution of ore.
The growing nuclear micro-reactor industry is gaining attention as a potential solution to meet the increasing power demand more sustainably and efficiently. These micro-reactors are smaller and more flexible than traditional nuclear reactors, making them suitable for various applications, including remote communities, military bases, and industrial operations.