Conservative estimates value the global small modular reactor market at £92 billion ($150 billion CAD) between 2025 and 2040.
U-Battery’s co-generation capabilities provide a key advantage as many markets require both heat and power generation. Further, a co-generative deployment is also notably cost effective as it eliminates the need to further develop and connect to an electricity grid. A fleet approach would be adopted, using the same design at different locations.
The U-Battery combined heat and power output is very well suited to hydrogen production, specifically when utilising process heat when combined with either Solid Oxide Electrolyser Cells (SOEC), so called “hot electrolysis” or with a thermo-chemical electrolysis process such as the copper chloride production cycle. This provides an alternative production to conventional cold-electrolysis or carbon based methane reformation and will avoid the need for the expense and operational constraint of backend carbon capture and storage. U-Battery can therefore offer a direct uranium-to-hydrogen island site, without power grid input supplies and fuelled from one or two uranium deliveries per decade. U-Battery will continue to collaborate with government and industry as the hydrogen economy develops, such as the UK North West Hydrogen Alliance.
U-Battery can also be used as part of a hybrid energy system integrating multiple low carbon and renewable energy sources to increase efficiency and reliability of the overall network.
Desalination is a further application. Currently there are 18,000 desalination plants around the world with an annual demand of an additional 1,000 units.
In the nuclear industry, U-Battery could double as an always on emergency generator for larger nuclear power plants.
U-Battery is best operated at full capacity and other uses for excess power include greenhouses and district heating.