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Thorium poised to meet world's energy needs

WASHINGTON, D.C., November 30, 2006 At a forum held today at the National Press Club, a group of leading nuclear scientists examined the potential of thorium, a substance similar to uranium but environmentally safer and more plentiful, which could help meet the entire world's growing energy needs.

"A tremendous growth in energy supply will be needed to even come close to meeting future energy demands," said keynote speaker Dr. Sterling Bailey. "Hundreds of new facilities per year will be needed." Dr. Bailey added that each currently known alternative "green" energy source has its niche, but overall cannot significantly impact energy demand.

The forumsponsored by DBI, a California-based aerospace company that has been conducting secluded research and development on thorium-fueled reactors for the past 30 yearsexplored the environmental benefits, safety and national security aspects, economic benefits and commercial applications of thorium. The forum also had a speaker from McLean, Virginia-based Thorium Power Ltd. and the Kurchatov Institute in Moscow.

Emphasizing a critical need for expanding energy sources and the unique requirements to move to a hydrogen economy, DBI has evaluated nuclear power options and has developed an innovative concept to exploit the benefits of a thorium fuel cycle.

"For decades, research scientists across the globe have recognized thorium's usefulness as a fuel, but the technology and economics to make a transition to thorium did not exist," said Hector D'Auvergne, founder of DBI. "Today, we are on the threshold of developing a reactor where thorium could not only gradually replace fossil fuels as the world's energy source, but nuclear energy as well."

Thorium, which is plentiful in North America, can produce fewer environmental and human health hazards in its fuel production than the conventional uranium fuel cycle. Most significantly, the new technologies being developed take advantage of
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30-Nov-2006


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