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The China National Nuclear Corporation (CNNC; ) is a state-owned enterprise founded in 1955 in Beijing. CNNC's president and vice-president are appointed by the Premier of the People's Republic of China. CNNC oversees all aspects of China's civilian and military nuclear programs. According to its own mission statement, it "is a main part of the national nuclear technology industry and a leading element of national strategic nuclear forces and nuclear energy development." CNNC is a nationwide industrial conglomerate integrating science, technology, industry, and international trade. Its headquarters are in Xicheng District, Beijing. History The Ministry of Nuclear Industry built China's first atom bomb, hydrogen bomb and nuclear submarine. It functioned as a government bureau for the national nuclear industry and reported directly to the State Council. It oversaw China's nuclear-related corporations, manufacturers, institutions, research institutes, and plants, including those r ...
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China General Nuclear Power Group
China General Nuclear Power Group (CGN) (), formerly China Guangdong Nuclear Power Group (), is a Chinese state-owned energy corporation under the SASAC of the State Council. In China, CGN operates nuclear plants at Daya Bay Nuclear Power Plant, Ling Ao Nuclear Power Plant, Hongyanhe Nuclear Power Plant and Ningde Nuclear Power Plant, with five new nuclear power stations under construction and another two planned. CGN operates in wind energy and solar energy, as well as hydroelectricity. CGN operates power generation plant of the following capacities: nuclear 8.3 GW, wind 4.7 GW, hydro 4.0 GW and solar 600 MW. History China Guangdong Nuclear Power Holding Co., Ltd. (CGNPC) was established in September 1994 with a registered capital of RMB 10.2 billion with nuclear power as its core business. With CGNPC as its core enterprise, China Guangdong Nuclear Power Group (CGNPG) comprises more than twenty wholly owned or controlling subsidiaries. In April 2009, a fund run by Chi ...
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Natural Uranium
Natural uranium (NU or Unat) refers to uranium with the same isotopic ratio as found in nature. It contains 0.711% uranium-235, 99.284% uranium-238, and a trace of uranium-234 by weight (0.0055%). Approximately 2.2% of its radioactivity comes from uranium-235, 48.6% from uranium-238, and 49.2% from uranium-234. Natural uranium can be used to fuel both low- and high-power nuclear reactors. Historically, graphite-moderated reactors and heavy water-moderated reactors have been fueled with natural uranium in the pure metal (U) or uranium dioxide (UO2) ceramic forms. However, experimental fuelings with uranium trioxide (UO3) and triuranium octaoxide (U3O8) have shown promise. The 0.72% uranium-235 is not sufficient to produce a self-sustaining critical chain reaction in light water reactors or nuclear weapons; these applications must use enriched uranium. Nuclear weapons take a concentration of 90% uranium-235, and light water reactors require a concentration of roughly 3% uranium- ...
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United States Department Of Defense
The United States Department of Defense (DoD, USDOD or DOD) is an executive branch department of the federal government charged with coordinating and supervising all agencies and functions of the government directly related to national security and the United States Armed Forces. The DoD is the largest employer in the world, with over 1.34 million active-duty service members (soldiers, marines, sailors, airmen, and guardians) as of June 2022. The DoD also maintains over 778,000 National Guard and reservists, and over 747,000 civilians bringing the total to over 2.87 million employees. Headquartered at the Pentagon in Arlington, Virginia, just outside Washington, D.C., the DoD's stated mission is to provide "the military forces needed to deter war and ensure our nation's security". The Department of Defense is headed by the secretary of defense, a cabinet-level head who reports directly to the president of the United States. Beneath the Department of Defense are th ...
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District Heating
District heating (also known as heat networks or teleheating) is a system for distributing heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements such as space heating and water heating. The heat is often obtained from a cogeneration plant burning fossil fuels or biomass, but heat-only boiler stations, geothermal heating, heat pumps and central solar heating are also used, as well as heat waste from factories and nuclear power electricity generation. District heating plants can provide higher efficiencies and better pollution control than localized boilers. According to some research, district heating with combined heat and power (CHPDH) is the cheapest method of cutting carbon emissions, and has one of the lowest carbon footprints of all fossil generation plants. Fifth-generation district heat networks do not use combustion on-site and have zero emissions of CO and NO on-site; they employ heat transfer u ...
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Nuclear Fuel Cycle
The nuclear fuel cycle, also called nuclear fuel chain, is the progression of nuclear fuel through a series of differing stages. It consists of steps in the ''front end'', which are the preparation of the fuel, steps in the ''service period'' in which the fuel is used during reactor operation, and steps in the ''back end'', which are necessary to safely manage, contain, and either reprocess or dispose of spent nuclear fuel. If spent fuel is not reprocessed, the fuel cycle is referred to as an ''open fuel cycle'' (or a ''once-through fuel cycle''); if the spent fuel is reprocessed, it is referred to as a ''closed fuel cycle''. Basic concepts Nuclear power relies on fissionable material that can sustain a chain reaction with neutrons. Examples of such materials include uranium and plutonium. Most nuclear reactors use a moderator to lower the kinetic energy of the neutrons and increase the probability that fission will occur. This allows reactors to use material with far lower con ...
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National Nuclear Laboratory
The National Nuclear Laboratory (informally NNL, formerly Nexia Solutions) is a UK government owned and operated nuclear services technology provider covering the whole of the nuclear fuel cycle. It is fully customer-funded and operates at six locations in the United Kingdom. Its customers have included the Nuclear Decommissioning Authority, Sellafield Ltd, Westinghouse, the Health and Safety Executive, the Ministry of Defence, the UK Atomic Energy Authority, VT Nuclear and British Energy. It also has links with academia, including collaborative agreements on waste immobilisation and disposal with the University of Sheffield and on nuclear materials research with the University of Manchester. History The organisation began to come together in 1996 when a number of separate research and development facilities began to coalesce into a single unit within British Nuclear Fuels (BNFL). In 2003, this research and technology business was re-launched as Nuclear Sciences and Technolog ...
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Traveling Wave Reactor
A traveling-wave reactor (TWR) is a proposed type of nuclear fission reactor that can convert fertile material into usable fuel through nuclear transmutation, in tandem with the burnup of fissile material. TWRs differ from other kinds of fast-neutron and breeder reactors in their ability to use fuel efficiently without uranium enrichment or reprocessing, instead directly using depleted uranium, natural uranium, thorium, spent fuel removed from light water reactors, or some combination of these materials. The concept is still in the development stage and no TWRs have ever been built. The name refers to the fact that fission remains confined to a boundary zone in the reactor core that slowly advances over time. TWRs could theoretically run self-sustained for decades without refueling or removing spent fuel. History Traveling-wave reactors were first proposed in the 1950s and have been studied intermittently. The concept of a reactor that could breed its own fuel inside the react ...
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TerraPower
TerraPower is an American nuclear reactor design and development engineering company headquartered in Bellevue, Washington. TerraPower is developing a class of nuclear fast reactors termed traveling wave reactors (TWR). TWR places a small core of enriched fuel in the center of a much larger mass of non-fissile material, in this case depleted uranium. Neutrons from fission in the core "breeds" new fissile material in the surrounding mass, producing Plutonium-239. Over time, enough fuel is bred in the area surrounding the core that it can undergo fission, sending neutrons further into the mass and continuing the process while the original core expires. Over a period of decades, the reaction moves from the core of the reactor to the outside, thus "travelling wave". In September 2015, TerraPower signed an agreement with state-owned China National Nuclear Corporation to build a prototype 600 MWe reactor unit at Xiapu in Fujian province, China, from 2018 to 2025. Commercial power ...
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Bill Gates
William Henry Gates III (born October 28, 1955) is an American business magnate and philanthropist. He is a co-founder of Microsoft, along with his late childhood friend Paul Allen. During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), President (corporate title), president and software architect, chief software architect, while also being the largest individual shareholder until May 2014. He was a major entrepreneur of the Home computer, microcomputer revolution of the 1970s and 1980s. Gates was born and raised in Seattle. In 1975, he and Allen founded Microsoft in Albuquerque, New Mexico. It became the world's largest personal computer software company. Gates led the company as chairman and CEO until stepping down as CEO in January 2000, succeeded by Steve Ballmer, but he remained chairman of the board of directors and became chief software architect. During the late 1990s, he was Criticism of Microsoft, criticized for his bu ...
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Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ...
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Chinese Yuan
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. The yuan ( or ) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan is divided into 10 jiao (), and the jiao is further subdivided into 10 fen (). The renminbi is issued by the People's Bank of China, the monetary authority of China. Valuation Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its pur ...
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Kang Rixin
Kang Rixin (; born August 1953) is a Chinese former nuclear engineer and politician. He served as chief manager of China National Nuclear Corporation (CNNC) and was a member of the 17th Central Committee of the Chinese Communist Party. He was sentenced to life imprisonment in 2010 for corruption. Biography Kang was born in Datong, Shanxi, China and graduated from the department of nuclear engineering of Shanghai Jiaotong University in August 1978. He joined the Communist Party of China in December 1982. In January 2005, he graduated from the graduate school of the Central Party School, majoring in economics management. In June 2005, he obtained an EMBA certificate from Tsinghua University Tsinghua University (; abbreviation, abbr. THU) is a National university, national Public university, public research university in Beijing, China. The university is funded by the Ministry of Education of the People's Republic of China, Minis .... He is a senior engineer at the researcher le ...
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