Continuing to involve its focus in energy-related activities beyond fossil fuels, the organization launched an initiative concentrating on next-generation nuclear power in 2016.
Generation IV nuclear power is viewed as a substantial leap forward compared to current technology, though next-generation reactor designs remain in the developmental stage. Southern Research will work with leading utilities, universities, and technology developers with the objective of developing safe ‘Gen IV’ nuclear power systems with no radioactive waste or nuclear proliferation concerns.
Next-generation nuclear power has the potential to play a key role in meeting global demand for energy, which is projected to increase by 48 percent by 2020, compared to 2012 levels. Renewables and nuclear are projected to be the two fastest growing segments in that time frame.