Thorium is not a new Energy source and at this stage won't be replacing anything. It's all just trials and yet to be proven economically viable.
World Nuclear Association
Thorium(Updated November 2020)Thorium is more abundant in nature than uranium.It is fertile rather than fissile, and can only be used as a fuel in conjunction with a fissile material such as recycled plutonium.Thorium fuels can breed fissile uranium-233 to be used in various kinds of nuclear reactors.Molten salt reactors are well suited to thorium fuel, as normal fuel fabrication is avoided.The use of thorium as a new primary energy source has been a tantalizing prospect for many years. Extracting its latent energy value in a cost-effective manner remains a challenge, and will require considerable R&D investment. This is occurring preeminently in China, with modest US support
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