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A nuclear generator, usually referred to as a nuclear power plant or a nuclear reactor, is a structure that uses nuclear processes to generate energy. Nuclear reactors generate heat through nuclear fission processes, which is then converted to steam, which powers turbines to provide electricity.
In a reactor vessel of a nuclear generator, fuel rods carrying radioactive material are put. Nuclear fission is the mechanism by which the atoms in the fuel rods split apart when they are bombarded by neutrons.
Large amounts of heat energy are released during this process, which is then used to warm the water and create steam. The steam then powers turbines, which are linked to electricity-generating generators.
Due to their ability to continually create energy for extended periods of time without the need for frequent refuelling, nuclear generators are frequently utilised to produce enormous amounts of electricity. They also raise questions about the long-term storage of radioactive waste and its safety problems.
Global nuclear generator market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A nuclear reaction has begun within Vogtle Nuclear Reactor Unit 3 and it will be fully operational in May or June. In order to achieve net-zero emissions, the largest public power provider in the US is starting a programme to create and finance new compact modular nuclear reactors.
Additionally, there are proposals for over 300 additional nuclear reactors, with about 100 power reactors with a combined gross capacity of roughly 100,000 MWe on order or planned globally.
The Sodium-Cooled Fast Reactor, the Very High Temperature Reactor, and the Molten Salt Reactor are three cutting-edge reactor concepts that the US Department of Energy is currently developing.
Additionally, there are five significant nuclear energy projects underway in the US: the Natrium project by TerraPower, the Xe-100 advanced nuclear reactors by X-energy, the Traveling Wave Reactor (TWR) by TerraPower, the BWRX-300 small modular reactor (SMR) by GE Hitachi Nuclear Energy, and the eVinci microreactor by Westinghouse Electric Company.
