COPENHAGEN ATOMICS HAS JOINED TERRA PRAXIS’ GLOBAL REPOWER CONSORTIUM WORKING TO DECARBONIZE COAL PLANTS

Copenhagen Atomics & Terra Praxis

Copenhagen Atomics & Terra Praxis

Copenhagen Atomics & Terra Praxis

Copenhagen, Denmark; London, UK; Cambridge, Mass. US

March 6, 2023

Terra Praxis and Copenhagen Atomics have agreed to assess Copenhagen Atomics Waste Burner (CAWB) as a potential heat source in the standardized, systematic method of repurposing existing coal-fired power plants with nuclear reactors, developed by Terra Praxis. Parties anticipate that the success of Terra Praxis’ Repowering Coal system will be a dramatic reduction in regulatory licensing scope, project duration, project costs, and commercial risks to enable the rapid decarbonization of coal plants to achieve net zero emissions by 2050.

Terra Praxis and Copenhagen Atomics have agreed to assess Copenhagen Atomics Waste Burner (CAWB) as a potential heat source in the standardized, systematic method of repurposing existing coal-fired power plants with nuclear reactors, developed by Terra Praxis. Parties anticipate that the success of Terra Praxis’ Repowering Coal system will be a dramatic reduction in regulatory licensing scope, project duration, project costs, and commercial risks to enable the rapid decarbonization of coal plants to achieve net zero emissions by 2050.

Terra Praxis and Copenhagen Atomics have agreed to assess the Copenhagen Atomics Waste Burner (CAWB) as a potential heat source to support the rapid decarbonization of the global coal fleet – the single largest source of carbon emissions.

Terra Praxis, a 501(c)(3) nonprofit organization that innovates, designs, and accelerates scalable solutions for the toughest-to-decarbonize sectors of coal-for-power, industrial heat, and heavy transport, is pleased to announce Copenhagen Atomics as the latest heat source vendor to join its global REPOWER Consortium working to develop solutions to decarbonize coal plants.

Terra Praxis is leading a global REPOWER Consortium to develop a standardized building system and project delivery model for the fast, low-cost, and repeatable repurposing of 2,400carbon-intensive coal plants (2-Terrawatts) to run on emission-free heat (advanced fission, fusion, and geothermal) by 2050.

Terra Praxis and Copenhagen Atomics have agreed to assess Copenhagen Atomics Waste Burner (CAWB) as a potential heat source in the standardized, systematic method of repurposing existing coal-fired power plants with nuclear reactors, developed by Terra Praxis.

“Copenhagen Atomics wishes to participate in Terra Praxis REPOWER and provide engineering services in-kind to investigate more fully with Terra Praxis the techno-economic feasibility of integrating Copenhagen Atomics CAWB with existing coal-fired power plants. We are strongly aligned with Terra Praxis in their vision of global access to affordable, reliable, emission-free energy that increases human prosperity and growth,” said Thomas Jam Pedersen, Co-founder, Copenhagen Atomics.

“There is an urgent need to provide solutions to address the issue of climate change. Solutions that are scalable, inclusive, sustainable, and just to society. Repowering coal is undoubtedly the biggest opportunity of this century which can eliminate a large portion of emissions from the planet while ensuring energy security and reliability. We are pleased to have Copenhagen Atomics on board to help us investigate the innovations needed to make it happen,” said Kirsty Gogan, Founding Director and Co-CEO, Terra Praxis.

Terra Praxis is actively engaged with global leaders and diverse stakeholders – heat source vendors, coal plant utilities, nuclear service providers, digitalization and automation solution developers – to develop highly standardized and easily licensable designs that allow for a variety of emission-free heat sources, like Copenhagen Atomics’ CAWB, to replace the coal burner in coal-fired power plants, while significantly utilizing the other existing systems in the balance of the plant. Parties anticipate that the success of Terra Praxis’ Repowering Coal system will be a dramatic reduction in regulatory licensing scope, project duration, project costs, and commercial risks to enable the rapid decarbonization of coal plants to achieve Net Zero emissions by 2050.

Terra Praxis was founded as a nonprofit, not only to expose the risks to the global energy transition that constrain the deployment of clean energy (e.g., land availability, transmission build, public support/opposition, and project risk), but to design strategies that anticipate and mitigate those risks.

Terra Praxis leads broad coalitions of governments, regulators, academics, and industry stakeholders to design solutions to mitigate the risks of failing to achieve the global clean energy transition within climate timescales and to fulfill its twin mission of decarbonization and prosperity.

Copenhagen Atomics develops a thorium molten salt reactor (“CAWB”) which is a power plant of 100 MW(th) built into a 40-foot shipping container. These reactors are made for mass manufacturing on assembly lines with the vision to provide cheap and green energy for 1 billion people.

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Contacts:

JESPER GLAHN - jesper.glahn@copenhagenatomics.com

SARAH INGERSOLL - media@terrapraxis.org