(Yicai Global) Nov. 26 -- Shares in Zhefu Holding Group, a Chinese conglomerate focused on the energy sector, leaped today after the firm revealed a subsidiary had successfully produced a prototype of pump for commercial fast-neutron reactors.
Zhefu Holding's stock [SHE:002266] closed 2.4 percent higher at CNY4.28 (61 US cents) after peaking at CNY4.40 in the morning session. The Shenzhen benchmark ended just 0.29 percent up.
The prototype, a primary circulating pump for liquid metal coolants in FNRs, will be used in China's first 600-megawatt, fourth-generation fast-neutron reactor, Zhefu said in a statement yesterday. It did not disclose further details about the project.
FNRs are the world's top choice for fourth-generation nuclear energy systems. They reduce the radiotoxicity of nuclear waste by re-using it as fuel, utilizing around 60 percent of the uranium fissioned for energy, according to public data.
The main downside is the cost of running an FNR over a typical thermal-neutron reactor, so the technology is still in a developmental stage.
Editor: James Boynton