What are the key cost drivers for microreactors?

May 17, 2022, 9:30AMNuclear News

Microreactors upend the traditional economics of nuclear power plants by shifting the paradigm from economies of scale (large reactors) to economies of multiple (mass production). While shrinking power output per unit may increase costs per kilowatt compared to large plants, offsetting gains can be expected from simplified and standardized designs, factory fabrication, inherent safety, lower radionuclide inventories, fast installation, and low financing costs. For instance, the lower power density in a microreactor core leads to a greatly reduced decay heat source, simplifying emergency cooling needs. These design aspects can lead to innovations including substantial simplifications to safety and control needs, minimized human operational requirements, a very compact balance of plant, the ability to fabricate almost every component in a factory, shortened construction time, and less daunting financing.

INL, Wyoming form partnership on advanced energy tech

May 6, 2022, 12:08PMNuclear News
The Wyoming Energy Authority’s Glen Murrell (left) shakes hands with INL’s John C. Wagner at the MOU signing ceremony on May 4. (Photo: WEA)

Battelle Energy Alliance (BEA), the management and operating contractor for Idaho National Laboratory, has signed a five-year memorandum of understanding with the State of Wyoming to collaborate on the research, development, demonstration, and deployment of advanced energy technologies and approaches, with a special focus on advanced nuclear.