We are Seaborg Technologies, a green-tech company whose mission is to revolutionize the energy marked using state-of-the-art sustainable, safe and cheap nuclear technology. At Seaborg we have developed a fundamentally new type of nuclear reactor based on a combination of molten salt technology and thorium. The technical explanation of our thorium-based molten salt reactors (MSRs) is complicated, but the conclusion is simple; our molten salt technology is inherently safe, while the thorium allows the reactor to reuse old already-spent nuclear fuel (nuclear waste) from conventional nuclear power plants. The combination of these two features is not only attractive from an environmental and sustainability point of view, but also enables our technology to produce green energy at an unprecedented cost – even cheaper than coal and natural gas!
At Seaborg we are acutely aware of and gravely concerned with the global climate challenges. However, we also acknowledge that a real sustainable energy revolution cannot be driven by goodwill alone. For sustainable energy solutions to really win, they need not only to be green, they also need to be economically viable. By relying on physics rather than complex, engineered safety systems, our reactors will undercut the cheapest energy plants on the market. Our MSR technology is 100% C02 and particle pollution free. Moreover, it uses thorium as a catalyst to convert already-spent old nuclear waste into pure CO2-free energy. In the process we thus reduce the current nuclear waste issue, while creating the thorium fuel needed to sustain the growing global energy demand for centuries. All this at a price that will be lower than even the cheapest fossil-based energy sources today. By being cheaper than coal and entirely carbon free, our technology will power the deep decarbonization the planet so desperately needs.
We live in a world struggling with the trade-off between access to cheap and abundant energy, and the phasing out of fossil fuel energy sources to reduce greenhouse gas emissions and particulate pollution. All this while a substantial part of the earth’s population is playing catch-up with the developed world. The consequences of global climate change and local pollution are serious and unfortunately very real. At the COP21 climate conference in Paris in 2015, 177 nations signed a memorandum of understanding with the common goal of limiting global warming to less than two degrees. Renewable energy sources get us far towards that aim, but cannot power industrialized societies by themselves when wind and sun are absent. This reliable, on-demand segment of the energy market is currently filled by fossil fuels aggravating climate change. A consequence of the COP21 declaration is therefore the agreement that in 2050, carbon-free, nuclear-based energy sources will be the main single-source contributor to global energy production. To reach the emission targets agreed upon, nuclear power output must double over the next 35 years. In other words, the use of nuclear technologies to combat climate change is no longer a choice, but a necessity. Humanity can no longer afford to exclude nuclear power, and we see it as our responsibility to develop safe and sustainable nuclear solutions.