GEM*STAR Reactors can be introduced in many different industrial and energy applications replacing burning coal, oil or natural gas while producing zero carbon emissions.
Stand Alone Power Plants
A 1 Gigawatt Plant using GEM*STAR technology is estimated to cost less than $ 2 billion dollars compared to the cost of a light water reactor nuclear plant of similar size estimated to cost between $ 6 billion and $ 8 billion dollars. Finance and operating costs per kilowatt of power are estimated to be 3.1 cents without Greenhouse gas mitigation credits approximated to be 1.7 cents per watt making electric generation costs with credits 1.7 cents. A comparable light water reactor with higher initial costs and operating costs and producing highly radioactive waste produces electric power assuming financing costs are included of 7.3 cents per kilowatt and after GHGCredits of 5.6 cents.
Replace Coal in Existing Power Plants
More than 40% of the worldwide production of electric power comes from burning coal with an additional 25% from using other fossil fuels thus there is a large potential market for replacing burning fossil fuels in existing plants destined for closure to meet limits on carbon emissions. Replacing heat from burning coal or other fossil fuels with Gem*Star high temperature heat is a cost effective solution allowing the significant sunk cost of existing plants to be used. Burning coal at today’s coal prices with 30% carbon capture costs over $ 1.00 per kilowatt while legacy coal plants can produce power at around 3 to 4 cents per kilowatt. Our estimates are that Gem*Star replacing coal burners can generate energy at a cost of 1.6 cents per kilowatt assuming full coal replacement with Gem*Star reactors without GHG abatement credits.
Diesel Fuel & Petrochemical Feedstocks
Displacing coal and later other fossil fuels is distributive and causes economic and also political problems that are difficult to solve. Gem*Star and its sister technology based on conversion of carbon based byproducts (coal, waste from confined animals, or damaged wood from forest fires) directly into diesel and paraffin petrochemical feed stocks using a modified Fisher-Tropsch conversion with heat supplied by molten-salt transfer from Gem*Star reactors. Based on a combination Gem*Star reactor (with accelerator) and 250 million gallon per year liquid fuel plant using damaged fire wood (or possibly coal) as carbon input we estimate the cost to be $ 475 million. At 7% financing with a 7 year term the cost of biodiesel will be $ 1.16 per gallon leaving a small profit based on a $ 1.38 price per gallon of diesel without a subsidy currently around $ 1.00 per gallon. With subsidy profits would be around 50% of revenues.