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Laying the Foundation for New and Advanced Nuclear Reactors in the United States (2023) / Chapter Skim
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Pages 223-227

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From page 223...
... Last, FERC should consider the potential future impact of a broad range of new and expanded tax credits that apply to new nuclear, renewables, energy storage, hydrogen, and other clean energy technologies that serve electricity markets. CHAPTER 4 Finding 4-1: The key economic challenge for advanced nuclear reactors is the need to either be cost competitive with other low-carbon energy systems in providing electricity, expand their use to applications beyond the electricity sector, or have an otherwise strong value proposition that encourages investment.
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From page 224...
... Recommendation 5-1: Industrial applications using thermal energy present an important new mission for advanced reactors. Key research and development needs for industrial applications include assessing system integration, operations, safety, community acceptance, market size as a function of varying levels of implicit or explicit carbon price, and regulatory risks, with hydrogen production as a top priority.
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From page 225...
... Alternatively, advanced reactor developers operating within the traditional project delivery model should consider implementing a long-term business relationship, preferably an equity partnership such as a joint venture, or a consortium, with a qualified engineering, procurement, and construction firm experienced in the nuclear industry. Recommendation 6-3: Department of Energy programs such as the Advanced Reactor Demonstration Program should develop criteria that encourage and incentivize all major government-funded nuclear power projects to include a formal collaborative agreement between the reactor vendor and an experienced development firm to ensure that there is management capacity to complete nuclear construction projects successfully, on budget, and on schedule.
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From page 226...
... Further research on digital engineering tools is needed to determine the value of implementing them in advanced reactor installations. Recommendation 6-7: The Department of Energy's Office of Nuclear Energy and Advanced Research Projects Agency–Energy as appropriate should enhance collaboration among entities currently researching and developing digital engineering technologies to support improved vendor fabrication and certification of components.
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From page 227...
... Recommendation 6-8: While it is vital to demonstrate that advanced reactors are viable from a technical perspective, it is perhaps even more vital to ensure that the overall plant, including the onsite civil work, can be built within cost and schedule constraints. Because it is likely that costs for onsite development will still be a significant contributor to capital cost, and the ~$35 million in Department of Energy (DOE)
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Key Terms

  • hydrogen production
  • nuclear project
  • planning phase
  • economic challenge
  • advanced nuclear

  • project management
  • advanced reactors
  • cost estimate
  • advanced reactor
  • nuclear reactors

  • manufacturing approach
  • nuclear energy
  • digital twins
  • schedule overruns
  • civil work

  • social acceptance
  • thermal energy
  • nuclear construction
  • capital costs
  • construction phase

  • capital cost
  • design review
  • tax credit
  • digital engineering
  • supply chain

  • site development
  • joint venture
  • clean energy
  • cost overruns
  • project planning


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