WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 117
SMRs are part
of the answer
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The U.S. DOE’s Lift Off report shows a path to drive NOAK costs to a competitive $3,600/KW, yet still above Korea’s $2,300/KW
over 7 reactors.
Potential advanced nuclear FOAK to NOAK overnight capital costs S/kW
~10,000
•
The support, both from governments and the
public, is at an all-time high and increasing. This
support is paramount for the industry to succeed.
•
Energy demand, primarily for electricity
and process heat, is signi昀椀cant, requiring an
enormous expansion of current capacity.
•
Rapidly growing data center demand is disrupting
the current demand landscape and which will
necessitate reliable and 昀椀rm clean energy
•
Nuclear is a clear and overwhelming winner
for 昀椀rm, reliable, and dense power that will
be required for the massive energy demand to
support net zero
•
SMRs and AMRs with their multiple technologies
and uses cases will support wide-scale adoption
for a multitude of clients, breaking free from
the utility monopoly and becoming the Key to
achieving net zero
~3,800
~6,200
1,500
500
Recen FOAK
projects
Cost reduction by
individual cost
category
Key drivers
of cost
reduction
Cost reduction
driven by best
practices
30-40%
Investment in
improved preproject planning
Best practices
FOAK
Yard/cooling/
installation
40-50%
EPC
40-50%
200
Nuclear island
equipment
20-30%
50
Turbine island
equipment
10-20%
Learning by doing
Supply chain development
Standardization
Modularization
400
Owner’s cost
30-40%
Driven by
reductions in
other cost
categories
~3,600
NOAK
~40%
Total cost
reduction
WEMO 2024
Our Convictions
FIGURE 5
Build time reduction
Source: https://lifto昀昀.energy.gov/wp-content/uploads/2023/05/20230320-Lifto昀昀-Advanced-Nuclear-vPUB-0329-Update.pdf
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