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The fading promise of low-cost power from UAMPS’ Small Modular Reactors – Institute for Energy Economics and Financial Analysis

 Small Modular Reactor Update: The Fading Promise of Low-Cost Power from
UAMPS’ SMR. The original target power price for a planned 12-module SMR by
UAMPS (Utah Associated Municipal Power Systems) and NuScale Power
Corporation was $55 per megawatt-hour (MWh).

When UAMPS reduced the size of the carbon-free power plant (CFPP) to six modules in the summer of 2021, it raised the target power price to $58 per MWh. Recent presentations to the
power boards of Washington City and Hurricane, two of the Utah communities
that have signed agreements to buy power from the CFPP, suggest that
project power prices are now likely to end up in the range of $90-$100 per
MWh.

The prices include an anticipated $1.4 billion subsidy from the U.S.
Department of Energy and a new subsidy from the Inflation Reduction Act
(IRA) on the order of $30 per MWh. The unsubsidized price of the power from
the CFPP would be substantially higher than $100 per MWh, perhaps even
double the current $58 target price.

 IEEFA 17th Nov 2022

https://ieefa.org/resources/small-modular-reactor-update-fading-promise-low-cost-power-uamps-smr

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November 20, 2022 - Posted by | business and costs, Small Modular Nuclear Reactors, USA

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