Saudi billionaire Prince Al-Waleed bin Talal recently announced he will fund liquid fluoride thorium reactor (LFTR) energy research that will be open sourced for the benefit of humanity.
The liquid fluoride thorium reactor is a thermal breeder reactor that uses the thorium fuel cycle in a fluoride-based molten (liquid) salt fuel to achieve high operating temperatures at atmospheric pressure.
The Prince pledged to spend 7 billion dollars over 7 years on the research project alone. All findings will be shared in an open source format on a new website called Open Thorium.com. The businessman said there will be no patents protecting the research as he believes his companies that will be involved in the work will benefit greatly from the open source community’s help. He also said that companies and governments around the world are welcome to take information from this website freely to build their own reactors as long as they contribute back their learnings.
The main research lab to be built in the next 3 years and will be located in neighbouring Kingdom of Bahrain where the researchers from all around the world will live and work. In addition to the lab he’s also planning to build a new University in the city of Al Khobar in the Kingdom of Saudi Arabia that will focus on nuclear science and related fields. This is to ensure there are enough professionals in the region to operate the next generation of power source in the world. The University will provide schoolarships to students from all around the world who can demonstrate dedication to the sciences and the embetterment of human condition as their primary goal in life.
The Prince is planning to build at least 10 LFTR plants in the next decade that will ensure Saudi’s leading role in energy generation. Among many things LFTR technology will allow the Saudi Kingdom to desalinate sea water and turn wast expanses of currently unused desert into blooming forests over the next 3 decades.
This information was posted on the Thorium Forum.