Dual Fluid, the Canadian-German nuclear technology company, has been named a Deep Tech Pioneer by Hello Tomorrow, the world’s largest deep tech network. This advances the company to the second round of competition, from which the world’s most innovative and promising companies will be chosen in March.
The Deep Tech Pioneers, selected from over 4000 applicants, will attend the Hello Tomorrow Global Summit 2023 (Paris, March 9-10). Dual Fluid aims to provide abundant, low-emission, low-cost energy within a decade using modular reactors. The basis for this is a new type of nuclear fission that uses liquid fuel. A prototype for the patented concept, which is unique in nuclear technology, will be available by the end of the decade. The company is currently looking for a site for its first small-scale reactor, which will demonstrate the dual fluid principle in reality for the first time.
The creators of the Hello Tomorrow network, founded in 2011, want to help new, transformative ideas achieve a faster breakthrough. Their mission is to accelerate the traditional technology transfer model of moving solutions from the lab to the market by actively bringing together startups, industry leaders, investors and scientists.
Press contact: Lisa Rass
About Dual Fluid
Dual Fluid is creating an entirely new type of nuclear reactor that
- provides emission-free electricity and hydrogen,
- significantly reduces today’s energy costs,
- burns nuclear waste, and is inherently safe.
Dual Fluid differs from other new nuclear concepts by its high efficiency: the nuclear fuel is utilized up to a hundred times better than in today’s light water reactors. The operating temperature of 1000° C enables new heat applications.
The Dual Fluid operating principle, based on different fluids for fuel and cooling, is described in scientific publications. There is worldwide patent protection, including in the USA, Canada, the EU, and Japan.
Dual Fluid Energy Inc. was incorporated as a public company in Vancouver, Canada, in January 2021 to bring the Dual Fluid technology to serial production status. The prototype of a Dual Fluid reactor is to be launched within this decade.