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Economic Analysis of Generation IV Small Modular Reactors.

DE200415006851

Publication Date	2002
Personal Author	Stewart, J. S.; Lamont, A. D.; Rothwell, G. S.; Smith, C. F.; Greenspan, E.
Page Count	64
Abstract	This report examines some conditions necessary for Generation IV Small Modular Reactors (SMRs) to be competitive in the world energy market. The key areas that make nuclear reactors an attractive choice for investors are reviewed, and a cost model based on the ideal conditions is developed. Recommendations are then made based on the output of the cost model and on conditions and tactics that have proven successful in other industries. The Encapsulated Nuclear Heat Source (ENHS), a specific S M R design concept, is used to develop the cost model and complete the analysis because information about the ENHS design is readily available from the University of California at Berkeley Nuclear Engineering Department. However, the cost model can be used to analyze any of the current SMR designs being considered. On the basis of our analysis, we determined that the nuclear power industry can benefit from and SMRs can become competitive in the world energy market if a combination of standardization and simplification of orders, configuration, and production are implemented. This would require wholesale changes in the way SMRs are produced, manufactured and regulated, but nothing that other industries have not implemented and proven successful.
Keywords	Economic analysis Nuclear power industry Reactors Nuclear engineering Nuclear industry Competition Standardization Economics Cost reduction Design Cost models Improvements Nuclear power Small Modular Reactors(SMRs)
Source Agency	Technical Information Center Oak Ridge Tennessee
Corporate Authors	Lawrence Livermore National Lab., CA.; Department of Energy, Washington, DC.
Supplemental Notes	Sponsored by Department of Energy, Washington, DC.
Document Type	Technical Report
NTIS Issue Number	200425

Economic Analysis of Generation IV Small Modular Reactors.

Economic Analysis of Generation IV Small Modular Reactors.
DE200415006851

Publication Date	2002
Personal Author	Stewart, J. S.; Lamont, A. D.; Rothwell, G. S.; Smith, C. F.; Greenspan, E.
Page Count	64
Abstract	This report examines some conditions necessary for Generation IV Small Modular Reactors (SMRs) to be competitive in the world energy market. The key areas that make nuclear reactors an attractive choice for investors are reviewed, and a cost model based on the ideal conditions is developed. Recommendations are then made based on the output of the cost model and on conditions and tactics that have proven successful in other industries. The Encapsulated Nuclear Heat Source (ENHS), a specific S M R design concept, is used to develop the cost model and complete the analysis because information about the ENHS design is readily available from the University of California at Berkeley Nuclear Engineering Department. However, the cost model can be used to analyze any of the current SMR designs being considered. On the basis of our analysis, we determined that the nuclear power industry can benefit from and SMRs can become competitive in the world energy market if a combination of standardization and simplification of orders, configuration, and production are implemented. This would require wholesale changes in the way SMRs are produced, manufactured and regulated, but nothing that other industries have not implemented and proven successful.
Keywords	Economic analysis Nuclear power industry Reactors Nuclear engineering Nuclear industry Competition Standardization Economics Cost reduction Design Cost models Improvements Nuclear power Small Modular Reactors(SMRs)
Source Agency	Technical Information Center Oak Ridge Tennessee
Corporate Authors	Lawrence Livermore National Lab., CA.; Department of Energy, Washington, DC.
Supplemental Notes	Sponsored by Department of Energy, Washington, DC.
Document Type	Technical Report
NTIS Issue Number	200425