nuclear-news

Small Modular Nuclear Reactors unlikely to be commercially developed

Around the World, Nuclear Can’t Compete With Growing Renewables “What is spectacular is the extent to which the nuclear industry is appearing to ignore reality.”  Katherine Tweed Greentech Media, July 16, 2015 “……..For the reactors that are in operation, many are aging rapidly. The mean age for reactors worldwide is about 29 years, and most were designed for life spans of 40 years, but many will operate beyond that. The cost of going beyond 40 years isn’t cheap — about $1 billion to $5 billion per reactor. By 2050, nuclear’s share of global electricity generation is expected to be similar to its role today, which amounts to about 10 percent.

Given the cost and time necessary to build large reactors, many in the industry have argued for a move to small modular reactors. Yet SMRs have also suffered from higher-than-expected costs and long development timelines, the report states.

The U.S. Department of Energy has been one of the proponents of this technology, yet none of the designs it said in 2001 could be available by the end of the decade were deployed. Of the two companies the DOE chose years later for SMR development funding, one slashed its spending on SMRs in 2014. NuScale, the other SMR manufacturer, is still continuing with development. Even so, “there is no evidence that SMRs will be constructed in the United States anytime soon,” the report states.

The picture is not rosier in other countries that have lent support to SMRs. South Korea, for example, has been developing an SMR since the 1990s, and while it was approved in 2012, no orders have yet been received. Saudi Arabia did say earlier this year it would test the technology in a three-year pilot.

“The static, top-heavy, monstrously expensive world of nuclear power has less and less to deploy against today’s increasingly agile, dynamic, cost-effective alternatives,” wrote Porritt. “The sole remaining issue is that not everyone sees it that way — as yet.”http://www.greentechmedia.com/articles/read/renewables-outpace-nuclear-in-major-economies

July 18, 2015 - Posted by Christina Macpherson | technology, thorium