Technology

For anyone not familiar with thorium...

Thorium is a great nuclear fuel. Much much safer than the uranium we currently use, because the reaction works best only within a narrow temperature band. Unlike uranium which can run away, a thorium reactor would become less efficient as it overheats possibly preventing a huge problem. That means the fuel must be melted into liquid to achieve the right temperature. That also provides a safety mechanism, you simply put a melt plug in the bottom of the reactor so if the reactor overheats the plug melts and all the fuel pours out into some safe containment system. This makes a Chernobyl / Fukushima style meltdown essentially impossible.

There are other benefits to this. The molten fuel can contain other elements as well, meaning a thorium reactor can actually consume nuclear waste from a uranium reactor as part of its fuel mix. The resulting waste from a thorium reactor is radioactive for dozens or hundreds of years not tens of thousands of years so you don't need a giant Yucca Mountain style disposal site.
And thorium is easy to find. Currently it is an undesirable waste product of mining other things, we have enough of it in waste piles to run our whole civilization for like 100 years. And there's plenty more to dig up.

There are challenges though. The molten uranium is usually contained in a molten salt solution, which is corrosive. This creates issues for pipes, pumps, valves, etc. The fuel also needs frequent reprocessing, meaning a truly viable thorium plant would most likely have a fuel processing facility as part of the plant.

The problems however are not unsolvable, Even with current technology. We actually had some research reactors running on thorium in the mid-1900s but uranium got the official endorsement, perhaps because you can't use a thorium reactor to build bombs. So we basically abandoned the technology.

China has been heavily investing in thorium for a while. This appears to be one of the results of that investment. Now this is a tiny baby reactor, basically a lab toy, a proof of concept. Don't expect this to power anybody's house. The point is though, it works. You have a 2 megawatt working reactor today, next you build a 20 megawatt demonstrator, then you start building out 200 megawatt units to attach to the power grid.

Obviously I have no crystal ball. But if this technology works, this is the start of something very big. I am sure China will continue developing this tech full throttle. If they make it work at scale, China becomes the first country in the world that essentially has unlimited energy. And then the rest of the world is buying their thorium reactors from China.