A droplet generation system includes a first nozzle configuration structured to receive a liquid and a gas under pressure in a controllable feed ratio, and to merge the liquid and gas to form an intermediate stream that is a mixture of the gas and of a dispersed phase of the liquid. A second nozzle configuration is connected to receive the intermediate stream from the first nozzle configuration and has a valve mechanism with one or more controllable operating parameters to emit a stream of droplets of the liquid. The mean size of the droplets is dependent on the controllable feed ratio of the liquid and gas and the flow rate of the stream of droplets is dependent on the controllable operating parameter(s) of the valve mechanism. A corresponding method is disclosed, as is the application of the system and method to the production of nanoparticles in a thermochemical reactor.