Cost drivers of nuclear steam cycle construction

May 20, 2022, 3:00PMNuclear NewsDaniel Moneghan

Interest in reducing carbon emissions around the world continues to climb. As a complement to the increasing deployment of variably generating renewables, advanced nuclear is commonly shown in net-zero grid modeling for 2050 because it represents firm electricity production that can flex in output with load demands.1 However, these projections are challenged by the high levelized cost of electricity associated with legacy nuclear construction, which is often more than double that of modern combined-cycle gas turbine (CCGT) plants.

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