Minimizing the Cost of Innovative Nuclear Technology Through Flexibility: The Case of a Demonstration Accelerator-Driven Subcritical Reactor Park

Presented is a methodology to analyze the expected Levelised Cost Of Electricity (LCOE) in the face of technology uncertainty for Accelerator-Driven Subcritical Reactors (ADSRs). It shows that flexibility in the design and deployment strategy of an ADSR park demonstrator significantly reduces its expected LCOE. The methodology recognizes in the conceptual design a range of possible technological outcomes for the ADSR accelerator system. It identifies flexibility “on” and “in” the design to modify the future development path in light of such uncertain scenarios. Uncertainty and flexibility are incorporated in the ADSR valuation. The resulting economic assessment is more realistic than typical discounted cash flow analysis that does not consider a range of development outcomes, or the flexibility to change development path

The rise and fall of the fast breeder reactor technology in the UK: between engineering “dreams” and economic “realities”?

This report explores the evolution of the fast breeder nuclear reactor programmes in the UK, from the period of great promises and expectations in the 1950s and 1960s towards their progressive abandonment in the 1980s and 1990s. The project, of which this report is an element, aims thereby to draw lessons relevant for the current “nuclear renaissance” and medium-term planning on the future of nuclear power. Given that the fast breeder programmes were closely interlinked with the general evolution of nuclear power in the UK, this report includes a fairly detailed historical description of this more general ‘nuclear context’. This primarily chronological description of the evolution of the UK fast breeder programmes provides a basis for a comparison between the evolution of the British and French fast breeder reactor programmes. A central question in such a comparison concerns the lateness of the abandonment of the fast breeder programme in France, as compared to most other countries developing this technology. The cross-country comparison will explore the relative influence of the contextual and historical conditions within which the nuclear technologies have evolved in France and the UK on the one hand, and the ‘universal’ factors common to the evolution of socio-technical systems in general on the other. This exploratory research was based on documentary analysis and eleven interviews of experts involved in, or with knowledge of, the UK fast breeder reactor (FBR) programmes

Ecological foresight in the nuclear power of XXI century

The access to reliable sources of energy is the key to sustainable development of mankind. The major part of the energy consumed by people is generated with a chemical reaction of fossil fuel burning. This leads to quick depletion of natural resources and progressing environmental pollution. The contribution of the renewable energy sources to the general energy production remains insignificant. A modern 1,000 MW coal-fired thermal power plant (TPP) burns 2.5 million tons of coal per year and produces significant amount of solid and gaseous waste. TPPs are the largest consumers of atmospheric oxygen and sources of carbon dioxide. A nuclear power plant (NPP) of the same power consumes less than 50 tons of fuel per year. Environmentally significant NPP’s waste (liquid, solid and gaseous) is carefully collected, reduced in volume (evaporation, filtering, compaction, incineration, etc.) and securely isolated from the environment at the plant. The annual volume of waste for storage is less than 100 m3. The waste is under the control of a special NPP’s service and regulatory authorities. The energy of fission reaction millions of times exceeding the energy of burning has an enormous potential that mankind can receive. Four hundred and thirty-three nuclear power units with a total capacity of about 400 GW exist in the world. The accident at the Fukushima Daiichi NPP in Japan in March 2011 caused anxiety about nuclear safety throughout the world and raised questions about the future of nuclear power. Now, it is clear that the use of nuclear power will continue to grow in the coming decades, although the growth will be slower than was anticipated before the accident. Many countries with existing nuclear power programmes plan to expand them. Many new countries, both developed and developing, plan to introduce nuclear power. Some countries, such as Germany, plan to abandon nuclear energy. The IAEA’s latest projections show a steady rise in the number of NPPs in the world in the next 20 years. They project a growth in nuclear power capacity by 23% by 2030 in the low projection and by 100% in the high projection [1,2]. The basis of modern nuclear power comprises water-cooled nuclear reactors which use the energy potential of natural uranium inefficiently (thermal reactors). The thermal reactors use isotope U-235 in which the content of natural uranium is <1%. Breeder reactors are capable of using the significant part of energy potential, which is unavailable to thermal light water reactors. As a result, the same starting quantity of uranium can produce 50 times more energy. These reactors can transform U-238 into fissile Pu-239 in larger amounts than they consume fissile material. This feature is called ‘breeding’ [3]. The key problem of using the basic benefitsv of nuclear power is to ensure the safety of its use, as well as decommissioning and reliable isolation of process waste from the biosphere. The long-term large-scale nuclear power should possess guaranteed safety, economic stability and competitiveness, absence of the raw material base restrictions for a long period of time and environmental sustainability (low waste). The nuclear power systems with fast neutron reactors and liquid metal coolant can satisfy these conditions. More than 40 years of Russian experience in the field of construction and operation of sodium fast reactors makes it possible to summarize and analyze the ecological features of reactors of this type, the possibility of their use for sustainable energy supply of mankind and solving environmental problems

Thorium Energy Futures

The potential for thorium as an alternative or supplement to uranium in fission power generation has long been recognised, and several reactors, of various types, have already operated using thorium-based fuels. Accelerator Driven Subcritical (ADS) systems have benefits and drawbacks when compared to conventional critical thorium reactors, for both solid and molten salt fuels. None of the four options – liquid or solid, with or without an accelerator – can yet be rated as better or worse than the other three, given today's knowledge. We outline the research that will be necessary to lead to an informed choice