Skip to main content

Appeal of Small Reactors May Grow Following Fukushima Accident

Small, scalable reactors have captured the interest of industry and government alike. Their diverse uses, ease of deployment and relatively low cost are selling points, making the clean-air benefits of nuclear energy available to more companies in more places—and the first prototypes are not as far off as some may think. Russia is set next year to be the first in the world to deploy an innovative small nuclear power plant, aboard a barge docked offshore from the Kamchatka Peninsula.

The safety attributes of small reactors—less than 300 megawatts—are drawing increased attention in light of the Fukushima accident. Some designs place major components underground, out of reach of such natural phenomena as tsunamis and floods. And because these plants contain a relatively small amount of fuel, they produce less heat and radiation than large plants. Small plants also are seen as more affordable to build than their 1,000-plus megawatt counterparts. Ernest Moniz, director of MIT’s Energy Initiative, highlighted some of these points in a March 28 essay for The Atlantic:
The total capital cost is more in the billion dollar range rather than a significant multiple of that. Capacity can be built up with smaller bites, and this may lead to more favorable financing terms.
Moniz notes that, to be viable commercially, the SMRs must be competitive with large nuclear plants on a cost-per-installed-megawatt basis:
The [large plants] have been driven to larger and larger size in order to realize economies of scale. The SMRs may be able to defeat this logic by having factory construction of the SMR or at least of its major components. …The catch-22 is that the economies of manufacture will presumably be realizable only if there is a sufficiently reliable stream of orders to keep the manufacturing lines busy.
Tennessee Valley Authority is exploring the feasibility of building a small modular reactor—Babcock & Wilcox’s mPower design—that would begin commercial operation by 2020. TVA, which also operates large nuclear power plants, is interested in small reactors as potential replacements for older fossil-fueled power plants. Small reactor projects also are moving ahead in Argentina, China, India, Japan, the Republic of Korea, Russian Federation, South Africa and France. The International Atomic Energy Agency is working to coordinate the efforts of member states on both small (less than 300 megawatt) and medium-sized designs (300 to 700 megawatt):
Small and medium sized reactors (SMRs) may provide an attractive and affordable nuclear power option for many developing countries with small electrical grids, insufficient infrastructure and limited investment capability.
One of the leaders in small reactor development is the Russian Federation. A large portion of the country has low population density, a decentralized power system and a rigorous climate that requires robust sources of electric power and thermal energy. The country has identified several potential locations for floating nuclear co-generation plants, which consist of a barge-mounted dwelling unit, nuclear island and steam turbine. The first “floating power unit,” launched last June, is scheduled for completion in 2012. It will be towed to Vilyuchinsk on the Kamchatka Peninsula for deployment:
The [small reactor] offers an economic alternative to onshore power plants in remote areas with costly power transmission and fossil fuel deliveries.
Moniz emphasizes the length of time it will take to develop new reactor concepts and the importance of starting now:
Prior to Fukushima, the Obama administration submitted to the Congress a proposed 2012 budget that would greatly enhance the level of activity in bringing SMRs to market. …The program is modest but sensible. Obviously the federal budget deficit makes it difficult to start any new programs, but a hiatus in creating new clean energy options—be it nuclear SMRs or renewables or advanced batteries—will have us looking back in 10 years lamenting the lack of a technology portfolio needed to meet our energy and environmental needs economically or to compete in the global market. Let's get on with it.

Comments

seth said…
Nope spending $150B per annum on mititary R&D no questions asked is much more important than any expenditure on the nations nuke energy future which needs a business case. China will soon be leaving us in the dustbin of civilization. American's need to be deeply ashamed of their country and its crooked politicians 99% of whom are on Big Oil's payroll.
John Powalski said…
More nuclear industry wishful thinking. We have yet to begin to understand the implications of the unprecedented disaster at Fukushima for our industry.
Horizon3 said…
Why is it that our idiots in government constantly force the wheel to be reinvented? With stupid redundant regs and laws that are not helpful or in many cases outright harmful.
We have been using small compact reactors in the military for more than 50 years. Without a single nuclear incident mind you.

The Russians on the other hand have had several, this is mostly due to crappy design, substandard materials, and most important, peoples attitudes. The Chinese probably have had several, since they stole or bought their designs from the Russians, and they have even worse attitudes when it comes to human life value, but they don't talk about it so we will probably never know.

Popular posts from this blog

Fluor Invests in NuScale

You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...