Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (60171)	2/8/2005 4:14:55 AM
From: Seeker of Truth	Read Replies (2) of 74559

The pebble-bed technology was invented by a German about 20 years ago. Incredibly after he had demonstrated feasibility, the German government stopped supporting his research, under the influence of anti-nuclear emotions. Subsequently MIT picked up the technology and developed it a lot further. A student of a good friend of mine went there for his post-doctoral work and dedicated himself to the pebble bed reactor. Eventually he was lured away out of that team to Switzerland which has dreams about pebble bed reactors. Meanwhile the research at MIT continues at a snail's pace, because government funding is only so so. (There's plenty of government money for picking fights with China, Iran, etc. etc.) It fell to China to finally take up the task seriously and actually start building a going commercial reactor, 195 MW! From the investment standpoint, this is good for CCO, not sure whether Huaneng Power is a good buy or not, it depends on electricity price control.

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