Energy Systems Catapult has just released the full technical report from the Energy Technologies Institute Nuclear Cost Drivers (ETI NCD) project by LucidCatalyst. This report demonstrates a credible path for nuclear energy to become a competitive Net Zero solution alongside renewables.
The purpose of the ETI’s Nuclear Cost Drivers Project was to use a data-led approach, informed by the cost base of water-cooled power reactors, to identify the cost drivers within historic, contemporary, and advanced reactor designs.
The three principal outcomes of this Project are improved understanding of:
1) the cost drivers within contemporary UK nuclear new build projects and the identification of areas of potential technical or delivery innovation which can support cost reduction;
2) the cost drivers within advanced reactor technologies and the identification of areas of potential design, technical, or delivery innovation which can support cost reduction; and
3) the relative differences in cost base between contemporary and advanced nuclear reactor technologies and the potential to achieve a step reduction in the cost of generating electricity.
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The purpose of the ETI’s Nuclear Cost Drivers Project was to use a data-led approach, informed by the cost base of water-cooled power reactors, to identify the cost drivers within historic, contemporary, and advanced reactor designs.
The three principal outcomes of this Project are improved understanding of:
1) the cost drivers within contemporary UK nuclear new build projects and the identification of areas of potential technical or delivery innovation which can support cost reduction;
2) the cost drivers within advanced reactor technologies and the identification of areas of potential design, technical, or delivery innovation which can support cost reduction; and
3) the relative differences in cost base between contemporary and advanced nuclear reactor technologies and the potential to achieve a step reduction in the cost of generating electricity.