{"id":67933,"date":"2022-11-22T10:23:24","date_gmt":"2022-11-21T23:53:24","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=67933"},"modified":"2022-11-22T10:23:24","modified_gmt":"2022-11-21T23:53:24","slug":"smr-expensive-electricity-mb2723","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/smr-expensive-electricity-mb2723\/","title":{"rendered":"Small Modular Reactors: Pricey Power?"},"content":{"rendered":"

\"Small<\/p>\n

Even with generous subsidies from the feds, a proposed SMR (Small Modular Reactor) project in the USA appears to be following the trend set by bigger nuclear power stations planned or under construction – increasingly expensive electricity.<\/p>\n

An SMR<\/a> is a small nuclear power plant that can be pre-fabricated off-site and bolted together on-site. Well, there’s a little more to it than that. SMR tech is described by some as “plug and play”, but others might feel “plug and pray” could be more fitting.<\/p>\n

As far as I’m aware, there are still no commercially operating terrestrial-based SMR power stations anywhere in the world. There’s certainly plenty of interest in the technology, both here<\/a> and abroad. But given the ban on nuclear power in Australia, the first place we’ll see them – if they eventuate – is overseas.<\/p>\n

Among the projects at various stages, Utah Associated Municipal Power Systems (UAMPS) wants to build a small modular nuclear reactor<\/a> plant using technology provided by NuScale Power.<\/p>\n

NuScale\u2019s reactor was the first SMR to receive initial design approval from the U.S. Nuclear Regulatory Commission (NRC) for its 50 MW modules, which happened in 2020. The company is now seeking regulatory approval for an amended design with 77 MW capacity. UAMPS has already signed an agreement1<\/a><\/sup> to deploy a VOYGR nuclear power plant<\/a> at Idaho National Laboratory, which at this stage is hoped to be online by 2030.<\/p>\n

SMR Cost Blowout<\/h2>\n

According to<\/a> David Schlissel, Director of Resource Planning Analysis at the Institute for Energy Economics & Financial Analysis (IEEFA), the original target power price was USD $55 per megawatt-hour (MWh).\u00a0 That crept up to $58 per MWh last year.<\/p>\n

But Mr. Schlissel says power prices from the project are now likely to end up in the range of $90-$100 per MWh – and that’s after a $1.4 billion subsidy from the U.S. Department of Energy (DoE) and a new subsidy from the Inflation Reduction Act (IRA) of $30 per MWh.<\/p>\n

\"SMR<\/p>\n

And there might be more hikes to come.<\/p>\n

“Nuclear industry experience over the past four decades points to the likelihood of future cost increases and schedule delays during all phases of the project\u2014design, construction, licensing, and testing,” states Mr. Schlissel.<\/p><\/blockquote>\n

Mr. Schlissel cites the example of two new reactors at Georgia Power\u2019s Vogtle project, the cost of which has increased by 140% since construction began in 2011. Both reactors are currently more than six years behind schedule.<\/p>\n

Issues including cost and SMR-related nuclear waste<\/a> are indicating Small Modular Reactors won’t be the energy generation panacea some hope\/wish they might be.<\/p>\n

Not so trivial trivia:<\/b> Australia’s CSIRO says renewables including wind and solar energy continue to be the cheapest new-build electricity generation<\/a> option in Australia (even when including storage\/transmission infrastructure). And – nuclear power ban aside – the organisation doesn’t see any local SMR projects happening this decade given the technology\u2019s commercial immaturity and high cost.<\/p>\n

Related:<\/b> Why Australian Power Stations Will Never Go Nuclear<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Even with generous subsidies from the feds, a proposed SMR (Small Modular Reactor) project in the USA appears to be following the trend set by bigger nuclear power stations planned or under construction – increasingly expensive electricity.<\/p>\n","protected":false},"author":17,"featured_media":67934,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-67933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nSmall Modular Reactors: Pricey Power<\/title>\n<meta name=\"description\" content=\"A proposed SMR 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That's great, but do we *really* need to have another one? Mr. Dutton was commenting on his choice of\u00a0Shadow Minister for Climate Change and Energy, Ted O'Brien MP.\u00a0 Back in 2019, Mr. O'Brien\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Small Modular Reactor (SMR) nuclear waste","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/smr-nuclear-waste.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/smr-nuclear-waste.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/smr-nuclear-waste.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/smr-nuclear-waste.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/06\/smr-nuclear-waste.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":68442,"url":"https:\/\/www.solarquotes.com.au\/blog\/talk-time-nuclear-mb2739\/","url_meta":{"origin":67933,"position":2},"title":"Ted O’Brien Says It’s Time To Talk Nuclear (Again!)","author":"Michael Bloch","date":"December 5, 2022","format":false,"excerpt":"Nuclear power booster Ted O'Brien has launched a website and survey in an effort to see his small modular reactor (SMR) dreams come true in Australia. Ted O'Brien is currently the Federal Member for Fairfax and Shadow Minister for Climate Change and Energy. He's big on nuclear energy. Among his\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Nuclear power in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/nuclear-power-conversation.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/nuclear-power-conversation.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/nuclear-power-conversation.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/nuclear-power-conversation.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/12\/nuclear-power-conversation.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":50855,"url":"https:\/\/www.solarquotes.com.au\/blog\/productivity-commission-nuclear-mb2021\/","url_meta":{"origin":67933,"position":3},"title":"NSW Productivity Commission Has “Lost The Plot” On Nuclear Power","author":"Michael Bloch","date":"June 3, 2021","format":false,"excerpt":"The Electrical Trades Union has weighed in on the New South Wales Productivity Commission's recommendation to lift the ban on nuclear electricity generation for small modular reactors. The recommendation was one of many contained in the Commission's 371-page \"Rebooting the economy\" whitepaper released last week. What's A Small Modular Reactor?\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Nuclear power and the NSW Productivity Commission","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nuclear-productivity-commission.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nuclear-productivity-commission.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nuclear-productivity-commission.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nuclear-productivity-commission.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/06\/nuclear-productivity-commission.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":48343,"url":"https:\/\/www.solarquotes.com.au\/blog\/canavan-nuclear-smr-mb1913\/","url_meta":{"origin":67933,"position":4},"title":"Canavan Keeping The Nuclear SMR Vaporware Dream Alive\u00a0","author":"Michael Bloch","date":"March 12, 2021","format":false,"excerpt":"Coal power's demise and the 10-year anniversary of the Fukushima disaster in Japan have put the nuclear energy debate in Australia in the spotlight again. The Fukushima Daiichi nuclear disaster that began unfolding on March 11, 2011 was the most serious nuclear accident since the Chernobyl disaster in 1986. Its\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Matt Canavan, Fukushima and nuclear power in Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canavan-nuclear-power.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canavan-nuclear-power.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canavan-nuclear-power.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canavan-nuclear-power.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/canavan-nuclear-power.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":64081,"url":"https:\/\/www.solarquotes.com.au\/blog\/greens-labor-climate-mb2580\/","url_meta":{"origin":67933,"position":5},"title":"Greens To Support “Dutton-Proofed” Labor Climate Bill","author":"Michael Bloch","date":"August 4, 2022","format":false,"excerpt":"Australian Greens Leader Adam Bandt says his party will now support Labor's Climate Change Bill 2022 in the House of Representatives and the Senate. Speaking at the National Press Club yesterday, Mr. Bandt said backing of the bill is now doable given changes that have been negotiated.\u00a0The Greens notes those\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Climate Change Bill 2022","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/08\/labor-greens-climate.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/08\/labor-greens-climate.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/08\/labor-greens-climate.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/08\/labor-greens-climate.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/08\/labor-greens-climate.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/67933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=67933"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/67933\/revisions"}],"predecessor-version":[{"id":67937,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/67933\/revisions\/67937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/67934"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=67933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=67933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=67933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}