>Rather than reviving the large reactors of the past, the government is focusing on small modular reactors, or SMRs, and other advanced technologies that supporters say could be safer, more flexible and quicker to build.
>The legislation does not authorize the construction of any reactors. Instead, it creates the regulatory foundation needed before future projects can be proposed, assessed and approved.
Giant step for SMRs. I'm hopefull for greater NATO collaboration regarding energy security if SMRs prove commercially viable.
I don't understand why people are so bullish about SMRs. 25 years ago we were trying to increase reactor size and testing breeders, no we want smaller reactors, for what reason?
I always thought it was about commoditization: sure a SMR might cost 10x more per watt in theory but if you can reliably roll them off the production line without having to redesign each iteration and without the cost overrunning by 10x, it pays for itself.
It will reliably cost only 10x, and it theory it will roll of a production line.
The AP1000 reactors at Vogtle were explicitly marked for the modular construction as a key selling feature, which would reduce time and cost. It came out 20B over budget and 7 years late.
Vogtle, Hinkley Point C- are all one off constructions and have very expensive regulatory compliance requirements
AP1000 (reactor as Vogtle 3/4) in Taishan is estimated to cost $4M-6M /MW compared to $15M/MW+ at Vogtle. if Chinese safety standards seem lax, South Korea does regularly reactors at $4-6M/MW range.
Even Flameville 3 in France was significantly cheaper than Hinkley point C (same reactor type), which infamously required some quite ineffective Fish speakers. The EPR2 series (6 reactors) in France is expected to cost considerably less than Flameville did.
Key to cheap nuclear - SMR or otherwise is regular construction. SMR makes regular construction more likely as each plant is not a $10-20B+ capex that is a tough sell to tax payers particularly when it inevitably overruns, SMR also potentially have a bit less regulatory hoops to jump through due to their smaller size.
Are we prepared to play kingmaker and pick one SMR design to standardize on so that those can ride their theoretical learning curve (assuming we get enough buyers)? Because politically that doesn't seem likely, and I think we'll end up with the units that do get contracted to be spread across multiple firms, none of which make it out of the expensive first few units.
> Even Flameville 3 in France was significantly cheaper than Hinkley point C
Per wikipedia: initial cost estimate €3.3 billion, cost in 2020 (6 years before it was done) €19.1 billion, so 5.8x the budget. Supposed to enter operation in 2012, entered in 2026 "only" 14 years late.
These are terrible results.
That EPR2 series are "expected" to cost less says absolutely nothing. Flameville 3 was expected to cost 83% less too, and I except that if they swindle people for the money to build it we'll see it'll be just as much of an overrun.
The nuclear industry seem absolutely incapable of sticking to a timeline or budget. And any one of these failures should have been disqualifying. But they get to do it over and over again.
The most annoying thing about Hinkley Point C is that after all the delays and investments, the electricity it generates won’t even be cheap. £133/MWh!
Right now we have politicians arguing that a £90/MWh strike price for offshore wind - where the construction of the wind dawn is entirely encapsulated by the strike price - is expensive.
MadrasThorn · · focus · HN ↗
>The legislation does not authorize the construction of any reactors. Instead, it creates the regulatory foundation needed before future projects can be proposed, assessed and approved.
Giant step for SMRs. I'm hopefull for greater NATO collaboration regarding energy security if SMRs prove commercially viable.
orwin · · focus · HN ↗
dguest · · focus · HN ↗
_aavaa_ · · focus · HN ↗
The AP1000 reactors at Vogtle were explicitly marked for the modular construction as a key selling feature, which would reduce time and cost. It came out 20B over budget and 7 years late.
manquer · · focus · HN ↗
AP1000 (reactor as Vogtle 3/4) in Taishan is estimated to cost $4M-6M /MW compared to $15M/MW+ at Vogtle. if Chinese safety standards seem lax, South Korea does regularly reactors at $4-6M/MW range.
Even Flameville 3 in France was significantly cheaper than Hinkley point C (same reactor type), which infamously required some quite ineffective Fish speakers. The EPR2 series (6 reactors) in France is expected to cost considerably less than Flameville did.
Key to cheap nuclear - SMR or otherwise is regular construction. SMR makes regular construction more likely as each plant is not a $10-20B+ capex that is a tough sell to tax payers particularly when it inevitably overruns, SMR also potentially have a bit less regulatory hoops to jump through due to their smaller size.
_aavaa_ · · focus · HN ↗
> Even Flameville 3 in France was significantly cheaper than Hinkley point C
Per wikipedia: initial cost estimate €3.3 billion, cost in 2020 (6 years before it was done) €19.1 billion, so 5.8x the budget. Supposed to enter operation in 2012, entered in 2026 "only" 14 years late.
These are terrible results.
That EPR2 series are "expected" to cost less says absolutely nothing. Flameville 3 was expected to cost 83% less too, and I except that if they swindle people for the money to build it we'll see it'll be just as much of an overrun.
The nuclear industry seem absolutely incapable of sticking to a timeline or budget. And any one of these failures should have been disqualifying. But they get to do it over and over again.
teamonkey · · focus · HN ↗
Right now we have politicians arguing that a £90/MWh strike price for offshore wind - where the construction of the wind dawn is entirely encapsulated by the strike price - is expensive.