Markets are changing as the result of (1) the addition of variable wind and solar that causes highly volatile electricity prices and (2) the goal of a low-carbon economy. These changes require economic low-carbon dispatchable electricity, which is now provided by natural gas turbines, and dispatchable heat for industry and commerce. Moreover, nuclear plant requirements have changed in the last 50 years with high capital costs in western countries. An alternative plant design is described with the nuclear island separated from a nonnuclear power block by large-scale heat storage. All heat from the reactor is sent to heat storage. The nuclear reactor operates at base load and is sized to meet average energy demand over a period of days. Heat storage provides variable heat to industry and/or the power block. The nonnuclear power block is sized to provide peak electricity capacity (kilowatts) several times the nuclear reactor base-load power output to maximize revenue by sale of electricity at times of high prices. The power block capital cost (heat exchanger, turbine, and generator) per unit of generating capacity (kilowatt) is less than a conventional gas turbine that includes heat generation (compressor and burner) and the power block (turbine and generator). Nuclear reactor capital cost is reduced by fewer requirements on the nuclear system (not connected to the grid) and nuclear-quality construction for only the reactor. Operating costs (security, maintenance, etc.) are minimized by separation of the nuclear reactor plant from balance of plant. Low-cost heat storage provides a competitive economic advantage to heat-generating technologies (nuclear, concentrated solar power) over electricity-generating technologies (wind, solar, photovoltaic) with more-expensive battery or other electricity storage systems in providing dispatchable electricity to the grid.