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Big doubts about the economics of small nuclear reactors for the UK

FT 11th Oct 2020, The big challenge facing small nuclear reactors. When Britain unveiled its
first commercial nuclear reactor back in 1956, Calder Hall in Cumbria had
the ability to generate 50 megawatts of electricity. Fast-forward four
decades to the last reactor the UK completed, at Sizewell in Suffolk. Still
functioning, it has a capacity of 1,200MW. Spot the theme? Yup, ever bigger
reactors.

Size has steadily increased because of simple nuclear economics.
Sizewell B may be able to generate 24 times as much power as a 50MW
reactor. But it doesn’t need 24 times the material inputs and staffing to
generate that extra power. Which all makes it seem faintly
counter-intuitive that Britain is considering downsizing and spending money
on a fleet of so-called small modular reactors.

The government is considering plans to put up to £2bn into developing the technology. A
number of companies, including Britain’s Rolls-Royce and GE Hitachi, are
pitching to sell their products. The aim is to fund prototypes with a view
to kick-starting a new SMR industry.

This would build perhaps dozens of
mini-reactors to [supposedly] help the UK meet its net zero emissions target while also
keeping the lights on, as well as exporting this technically advanced kit.

Large nuclear hasn’t exactly a spotless record when it comes to cost
containment. So why make it harder by forgoing those scale advantages?

Research by a team led by Tony Roulstone at Cambridge university looked at
the relative costs of building a “first of a series” SMR against a
comparable large reactor. It concluded that if you used the same project
techniques as for conventional plants, the SMR would cost (once the
interest costs incurred in construction were taken into account) roughly 70
per cent more per kilowatt (kW) to build than the larger one.

Squeezing that cost back down requires a wholly different approach to construction.
Instead of building everything in the open on a massive building site, as
with large reactors, it means making as much as possible in factories
before shipment to site. The same Cambridge team estimated that with ever
more prefabrication and standardisation of parts, you could ultimately
squeeze the cost down roughly to parity with the larger reactor.

A glance at the history of overruns and delays that plagued the Advanced Gas-cooled
Reactor project in the 1960s should suffice as a reminder. For SMRs to
avoid a similar miserable fate, the government must pick a single
commercial technology which can bring in sufficient private sector
investment and attract export orders. This cannot be some “made in
Britain” industrial exercise. If that’s what’s in prospect, then,
honestly, big is probably best.

https://www.ft.com/content/99307126-bb21-48e3-87aa-301749dec870

October 12, 2020 - Posted by | business and costs, Small Modular Nuclear Reactors, UK

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