Comment by orwin
1 day ago
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?
1 day ago
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.
Still doesn't make sense. We could have standardized the old reactors too.
Radioactive material and a bit of water.. there's no reason to design those things a hundred times. France actually did that.
France is still shutting down its plants because the rivers are too warm in the summer. As for floating SMBs in the harbour, I don't think climate change will be kind to this idea.
We were still learning about flaws and failure modes of nuclear reactors. Designs kept evolving to try to address these. We never got to the passenger airliner model where we had systematically eliminated nearly every failure mode and could produce this on an assembly line.
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> We could have standardized the old reactors too.
Yes, but the potential market for GW-size reactors is fairly limited.
Now, whether the market for any of these SMR reactors is large enough that any of them will be able to see any of these supposed economies of scale is a big question.
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> France is still shutting down its plants because the rivers are too warm in the summer.
That's because French nuclear power plants are designed to be directly cooled by river water instead of using cooling towers.
The biggest nuclear power plant in the US (Palo Verde Generating Station in Arizona) is cooled by evaporating the treated wastewater, in the desert.
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You can’t standardize manufacturing of multi billion dollar facilities. Economies of scale just don’t work that way. Even residential housing has the same problem. There’s too much variation in on-site construction.
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Floating nuclear plants next to a city sound like a recipe for disaster
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.
It's a great story: in theory you can produce modular components of a full scale nuclear power plant in a controlled environment. In theory.
In practice the production line wasn't as controlled as it needed to be and ended up delivering modules that needed significant rework. That caused modules to be delivered and ready out of order. In other words they bought a lot of project management complexity that was hidden behind the theory of modularity.
SMRs are turning out to be even more expensive than conventional nuclear power plants, which are so expensive compared to renewables that even without a risk premium they are uncompetitive.
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.
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A theory with a lot of leaps that is in no way guaranteed. But it’s a nice idea
There is no economic case for SMR that you couldn't make for a larger one with a massive benefit of economies of scale. SMRs are - in my opinion - a dead end, larger reactors could work well but will be delivered later and likely will still not be profitable on a KWh basis when compared to an equivalent installed base of solar and wind and will most likely be deliver much, much later.
Wright’s law is the only way to reduce costs. It’s a generalization of Moore’s law. The more of anything you build the cheaper it gets. Most products get 10% - 20% cheaper every time total production volume doubles. The most obvious example right now is rockets - launch costs are going down exponentially because we (SpaceX mostly) are doing so much of it we are finally getting economies of scale. SMRs will too, but only if they become popular. It’s a little bit of chicken and egg, but the economics are clear. If lots of people start using SMRs they WILL get cheap. And it’s a form factor where it’s plausible lots of people will.
That's another interesting theory, but Wright's law doesn't mitigate many other disadvantages of SMRs: the need for multi site security; the need for on-site technicians at more sites; the need to build grid hook up to more locations, etc. There's a reason reactors grew to a certain size, no smaller and no bigger. Ignoring that lesson has a high price.
Prefab & faster construction possibilities would be a big one.
Large reactors require unobtanium-class material engineering. Only a few companies in the _world_ can make large reactor vessels.
In contrast, SMRs are being sold as something that you can weld together in your garage and use them as a replacement for your water heater. And you don't need all those large containment structures and gigawatt-scale turbines.
This makes it much easier to get funding, as you don't need to show that you have a firm agreement with all the suppliers.
I don't like this at all, but it _might_ result in us regaining some experience in building nuclear power plants.
Because Trump is pushing SMR on all "allies", UK, Japan, Italy:
https://www.bbc.com/news/articles/ckgzevzwxwro
I couldn't find immediate investments from Kushner etc., but will dig further.