BEIJING (AP) — China National Nuclear Corp. said its first nuclear power unit that uses Hualong One, a third-generation nuclear reactor, started commercial operations on Saturday.
The reactor, located in the city of Fuqing city in China’s southeastern Fujian province, was designed to have a 60-year lifespan, with its core equipment domestically produced. Each unit of the Hualong No. 1 has a capacity of 1.161 million kilowatts and can meet the annual domestic electricity demand of 1 million people in moderately developed countries, according to China National Nuclear Corp, or CNNC.
“With Hualong One online, China is now at the forefront of third-generation nuclear technology in the world, alongside countries like the United States, France and Russia,” said CNNC President Yu Jianfeng.
Yu said the commercial use of Hualong One will also reduce carbon emissions and help achieve China’s low-carbon goals such as carbon neutrality before 2060.
A second Hualong One unit is due to be completed later this year.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
