Enriching the uranium for reactor fuel and opening the reactor periodically to refuel it are among the most cumbersome and expensive steps in running a nuclear plant. And after spent fuel is removed from the reactor, reprocessing it to recover usable materials has the same drawbacks, plus two more: the risks of nuclear-weapons proliferation and environmental pollution.These problems are mostly accepted as a given, but not by a group of researchers at Intellectual Ventures, an invention and investment company in Bellevue, WA. The scientists there have come up with a preliminary design for a reactor that requires only a small amount of enriched fuel-that is, the kind whose atoms can easily be split in a chain reaction. It's called a traveling-wave reactor. And while government researchers intermittently bring out new reactor designs, the traveling-wave reactor is noteworthy for having come from something that barely exists in the nuclear industry: a privately funded research company.
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