Westinghouse unveiled a new small modular reactor design Thursday, introducing the latest addition the the company's lineup the same week the Obama administration proposed $67 million be spent on licensing and technical support for SMRs.
Anonymous comments will be moderated. Join for free and post now!
What's the cost per kwh for your SMR? I assume that you will pay 100% of the development and construction costs and not turn to big government for a handout, right?
That's an excellent question. At this point, it seems Westinghouse has been holding the estimated construction costs and built time close to the vest. If I can dig up either, I'll be sure to post them
Nuclear Street News Team
I would surmise that all the development to this point has been financed internally by Westinghouse. There is currently a program under development at Savannah River for SMR development and commercialization. I would expect Westinghouse to have already begun discussions about their SMR being included in that program.
The question about cost/kwh is an interesting once. 1 - there is no defined or standard formula to determine this cost. 2 - until a SMR is commercially viable (NRC design certified, steady state and transient codes licensed for the NSSS of the plant, etc) the economy of scale will be an order of magnitude. I have my doubts that ANY SMR can present the same attractive economic model as a larger Generation III+ plant. That said, I don't believe that is the intent behind SMR development. The intent is to reduce the overall price tag, footprint and infrastructure needed to utilize this form of electricity generation.
Cost per KWh is impossible to estimate with any credibility when dealing with a toxic waste product that must be contained for 500K years.