The nuclear power industry is undergoing something of a renaissance, with startups raking in funding to develop advanced reactors in a quest to lower costs. But based on recent projections, it’s unlikely those reactors will be cost-competitive anytime soon.
Assil Halimi and Drew Walker, the founders of Apollo Atomics, think that’s because companies have been chasing the wrong problem. So instead of designing a new reactor, Apollo is rethinking the way thermal energy is converted into electricity.