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Utility sector outperforms China markets on renewables exposure
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China is now home to the world's first small modular nuclear reactor. The Huaneng Group Co.’s 200-megawatt unit 1 reactor at Shidao Bay provides power to the grid in Shandong province.
The reactor can use nuclear energy for various functions including power generation. It can also be used in the mining sector, industrial parks and for high-end consumption industries.
The plant uses helium instead of water to produce power. Its fourth-generation reactor shuts down passively in case of any problem.