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That $3 billion cost estimate is for first-of-kind of a reactor/plant that is intended to be replicated many times. The cost per plant is expected to drop sign
by rwcarlsen 7y ago
That $3 billion cost estimate is for first-of-kind of a reactor/plant that is intended to be replicated many times. The cost per plant is expected to drop significantly with total number of deployments. Also the plant is designed to have significantly lower operating costs, shorter construction time (which means shorter loan duration, lest capital wasted on interest). The Olkiluoto 3 (EPR) power station in Finland has been under construction for nearly 15 years! 15 years before you can even start paying off even 1 penny of the capital cost is a huge barrier overcome here with Nuscale.
- aurelwu 7y agoI know, but they said the same about the EPRs, so I remain sceptical that it will work that way. Solar,Wind,Batteries,Hydrogen Production,Synthetic Fuel Production is becoming cheaper year by year so Nuscale need not only to meet their initial targets and then decrease the cost for future reactors but they also need to end up beating the other technologies costwise & safety & safety perception wise. Their Design might be faster than requiring 15 years, but I doubt it is as fast to build as solar or wind.