Economic feasibility of flexible energy productions by small modular reactors from the perspective of integrated planning. (January 2020)

• Record Type: Journal Article
• Authors: Nian, Victor; Zhong, Sheng
• Is Part Of: Progress in nuclear energy. Volume 118(2020)
• Publication Date: 2020-01
• Subjects: Small modular reactor -- Flexible energy production -- Hydrogen cogeneration -- Energy storage -- KLT-40S -- HTR-PM; Nuclear energy -- Periodicals; Nuclear engineering -- Periodicals; 333.7924
• DOI: 10.1016/j.pnucene.2019.103106
• Languages: English
• ISSNs: 0149-1970

Abstract

Abstract: Nuclear power plants are known as low carbon baseload electricity generating options, but can they become sufficiently flexible to follow the fluctuating demand economically? Small modular reactors, conceived to address the issues associated with large sized nuclear reactors such as safety, costs, and completion timeline, can offer some flexibility through modularity. However, there remain the questions of whether and how these advanced concepts could become commercially viable for load-following electricity production. From the perspective of integrated long-term energy planning and in a scenario-based approach, this study is conceived to evaluate the economic feasibility of flexible energy productions from two first-of-a-kind demonstration projects; namely a floating nuclear power plant KLT-40S in Russia and a high temperature reactor pebble-bed module or HTR-PM in China. Although both projects are solely designed for electric-application, this study proposes the evaluation of a load-following arrangement through the co-production of hydrogen and the integration of grid-connected battery energy storage systems. All scenarios are investigated using a conservative or a reasonable worst-case approach so as to contribute to setting the bottom line for future commercial deployment of small modular reactors. Findings suggest that small modular reactors can already be commercially deployed in the short-to mid-term, and there are opportunities for further cost reductions through technological innovation and economies of repeat project implementation. Highlights: Small modular reactors can be economically feasible to achieve load-following. Integrated energy systems planning is important to attain commercial feasibility. Battery energy storage and hydrogen cogeneration are feasible integration options. Battery energy storage system is the best option to achieve load following. KLT-40S and HTR-PM are commercially deployable for flexible energy productions.