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At least 397 records · Page 22

Impact of Radial Reflector Fidelity on Neutronics and Vessel Fluence Simulations

The Consortium for Advanced Simulation of Light Water Reactors is developing the Virtual Environment for Reactor Applications (VERA), and the MPACT code, which is the primary deterministic neutron transport solver in VERA, provides sub-pin level flux and power distributions as part of full-scale cycle depletion and analysis. In such calculations, an important aspect is the radial reflector treatment. To improve the fidelity of the radial reflector treatment, MPACT was extended to approximate the modeling of the reactor’s structural components such as the core shroud, barrel, neutron pads, and vessel. This work explores several modeling configurations with varying levels of fidelity and computational burden and assesses the importance of modeling fidelity on the eigenvalue and pin power distribution. Two two-dimensional (2-D) problems were analyzed to assess the impact on eigenvalue and pin power distributions with low-fidelity, coarse square cell reflector representations: (1) a Watts Bar Nuclear Plant Unit 1 (WBN1) quarter-core slice with depletion and (2) an AP1000 quarter-core slice. In this work, the analyses showed that the effect on eigenvalue is fairly small, but the effect on pin power is more pronounced, especially locally in the assemblies closest to the periphery, where the maximum pin power difference is nearly 3.5% in the AP1000 case. Two additional 2-D problems were used to assess the comparison between the low-fidelity coarse square cell treatment and a high-fidelity geometric representation that uses subpin material specification: (1) the same WBN1 quarter-core slice and (2) a representative model of the NuScale small modular reactor (SMR), which features a solid reflector design with moderator holes. These results demonstrate that even a coarse, low-fidelity representation adequately captures the necessary simulation characteristics. Last, these capabilities were applied to the 2-D WBN1 quarter-core depletion to assess the impact on vessel fluence using VeraShift. From adjoint calculations, pins along the periphery were observed to be of highest importance for fluence calculation, so the impact of the reflector representation in MPACT could theoretically substantially affect the predicted result. However, it was observed that the change in pin powers along the periphery minimally impacts the maximum vessel fluence with a difference within the statistical uncertainty but provides terrific insight on the sensitivity of the peripheral pins.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Ultra-High-Performance Concrete And Advanced Manufacturing Methods For Modular Construction

Small modular reactors (SMR) allow for less onsite construction, increase nuclear material security, and provide a flexible and cost-effective energy alternative. SMR can be factory-built as modular components, and shipped to desired locations for fast assembly. This project successfully developed a new class of ultra-high performance concrete (UHPC), which features a compressive strength greater than 22 ksi (150 MPa) without special treatment and self-consolidating characteristics desired for SMR modular construction. With an ultra-high strength and dense microstructure, it will facilitate rapid construction of steel plate-concrete (SC) beams and walls with thinner and lighter modules, and can withstand harsh environments and mechanical loads anticipated during the service life of nuclear power plants. In addition, the self-consolidating characteristics are crucial for the fast construction and assembly of SC modules with reduced labor costs and improved quality. Following the UHPC material development, the capacity of producing self-consolidating UHPC in mass quantities was investigated and compared to accepted self-consolidating concrete standards. With slightly adjusted mixing procedure using large-scale gravity-based mixers (compared with small-scale force-based mixer), the self-consolidating UHPC has been successfully processed at six cubic yards; the product met both minimum compressive strength requirements and self-consolidating concrete standards. Steel plate-UHPC beams (15 ft. long, 12 in. wide and 16 in. deep) and wall panels (40 in. X 40 in. X 3 in.) were then constructed using the self-consolidating UHPC without any external vibration. Quality control guidelines for producing UHPC in large scale were developed. When the concrete is replaced by UHPC in a steel plate concrete (SC) beam, it is critical to evaluate its structural behavior with both flexure and shear-governed failure modes. In recent years, SC has been widely used for buildings and nuclear containment structures to resist lateral forces induced by severe earthquakes and heavy winds. SC modules have good potential for SMR because of their cost-effectiveness and reduced construction time. However, the minimum shear reinforcement (i.e. cross tie) ratio needs to be determined for the steel plate-UHPC (S-UHPC) beams to exhibit a ductile failure mode. In this project, S-UHPC beams were designed and constructed. The beams were tested to evaluate structural capacity and identify the minimum cross ties ratios. In addition, as the bond between UHPC and steel plate is essential for ensuring structural integrity under shear and flexure, it was measured and examined in this project through digital image correlation system and smart piezoelectric aggregate sensors. Large-scale testing and finite element simulation were also performed on S-UHPC wall panels. New bond slip-based constitutive models of steel plate were developed for S-UHPC, which were used in finite element analysis program to predict S-UHPC behavior under shear. The results were well validated through experimental data. The long-term durability of UHPC were established in this project. UHPC specimens were tested under free shrinkage, restrained shrinkage, elevated temperature, water permeation, chloride diffusion, corrosion, and alkali silica reaction. UHPC has demonstrated significantly improved durability compared with control concrete specimens. This research led to a new generation of steel plate-UHPC modules for SMR that can provide large benefits to the electric power industry. Taking advantage of the high strength and durability of UHPC, their modularity and ease of assembly can address the high cost barriers of typical nuclear power plants.

42 ENGINEERING↗

Initial Radiation of Nuclear Power Plant Components (CRADA NFE-17-06892 Final Report)

As advanced reactor concepts are developed, instrumentation and control (I&C) cables and sensors will play a significant role in assuring their operation is well understood, and safety-related process information can be collected reliably over the course of their design life. As a first step to develop acceptance criteria and define the limits of currently available nuclear I&C cable and sensor technology, a collaboration between Oak Ridge National Laboratory and Analysis and Measurement Services (AMS) Corporation was initiated under the Gateway for Accelerated Innovation in Nuclear (GAIN) Program. This collaborative effort focused on providing technical information related to the combined thermal and radiation aging of nuclear power plant (NPP) cables, companion NPP cable insulation samples, and two prototype temperature and two pressure sensors. This work was carried out using the instrumented gamma irradiation system that is part of the High Flux Isotope Reactor Gamma Irradiation Facility (HFIR GIF). This system provided the opportunity for the condition of the prototype sensors to be tracked during the irradiation in order to determine their functional limits with greater granularity when compared to a simple irradiation insertion at the HFIRGIF. Experimental assemblies for sensor irradiation were successfully completed, and sensor irradiation to accumulated dose of 3000 kGy at a rate of approximately 6 kGy/hr was carried out. Two prototype temperature assemblies were continuously monitored during exposure to 3000 kGy and found to have no observable degradation from the irradiation. Two pressure sensors were first irradiated to 1000 kGy. At which point, one of the sensors was found to operate normally; however, a second sensor failed the operability test. The operable pressure sensor output was then continuously monitored from 1000 kGy to 3000 kGy. The sensor output exhibited steady trendable drift versus the accumulated radiation dose. At the conclusion of the irradiation, the four test sensors were released for laboratory calibration checks. The calibration check of the temperature sensors found no significant change after irradiation compared to baseline measurements before irradiation; however, both pressure sensors failed the post-test calibration checks and both sensors were not functioning properly. These results will help inform sensor manufacturers and I&C design engineers of potential limitations of these types of sensors for use in high radiation environments associated with the compact configuration of new Small Modular Reactors (SMRs) such as NuScale’s reactor power module. Irradiations on NPP cables and companion samples were not completed due to programmatic delays, however a path forward that was based on lessons learned from this project was defined to accommodate future, comparable instrumented gamma irradiations at the HFIR GIF.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Net-Zero Carbon Microgrids

The microgrid concept has been effective in creating aggregations of distributed energy resources—generation, storage and loads—for resiliency, in the form of energy security. The success of microgrids in bringing energy security to a wide range of customers—from individual residences to commercial and industrial installations to military bases—has been exemplified during power disruptions and extended outages due to extreme weather events, cybersecurity attacks, and equipment failures. Now microgrids have an opportunity to meet the challenges of climate change and contribute to a carbon-free power delivery system. The transition to net-zero starts within microgrids themselves. In fact, today’s microgrids are largely dominated by generators using fossil fuels, natural gas and diesel, with high greenhouse gas emissions. In short, the transition to net-zero means replacing fossil fueled generators with renewable generation in microgrids. This transition is extended by including new dispatchable generation technologies that are 100% carbon-free and that offer additional advantage of a more-dependable and sustainable source of energy and power. Basically, the decarbonization of microgrids requires three elements: 1) maximizing generation from renewable energy resources, 2) management of storage and flexible loads to balance the variability and intermittency of renewable energy resources, and 3) introducing new clean power sources, including hydrogen-based generation and small modular reactors. This report affirms a need for specific focus by governmental agencies at national, regional, and local levels to establish technology, policy, and investment in this area. The intention of the Net-Zero Microgrid (NZM) Program is to inform these constituencies with cross-cutting research and tools for the reduction of GHG in microgrids – to net-zero in the near term eventually to zero in the longer term. The NZM Program is committed to achieving decarbonization for resiliency and for providing clean energy at the local or distribution level, from remote communities to underserved communities, and large industrial and military facilities. The NZM Planning and Design Platform is a core tool to be developed as an early deliverable of the NZM Program because only a fully integrated microgrid-design approach will ensure maximum carbon reduction in energy production.

13 HYDRO ENERGY↗

Gamma Irradiation of Novel Optical Glasses at Elevated Temperature

Advanced Small Modular Reactors (AdvSMRs) are considered important future energy sources. However, in-vessel radiation fluxes are high and demands infrared (IR) optical fiberbased chemical sensing at temperatures that often exceed 400°C. This is a challenging environment for many current IR glasses, including covalently-bonded selenides and tellurides, such as As2Se3 and GeTe2, due their glass transition temperatures (Tg) being on the order of 200-350 °C. This work focuses on ?-irradiation affects at high temperatures on refractory ionic bonding based chalcogenide glasses in the BaS-La2S3-GeS2 system. Optical and selected physical properties were characterized before and after irradiation. It was found that both GeS2 and the 20BaS + 20La2S3 + 60GeS2 composition (in mole%) have minimal property changes when irradiated at 2.5 MGy cumulative dose at 300 °C. Sample density showed the largest characteristic change where densities initially decreased at 2 kGy dose, and then recovered at the highest dose of 2.5 MGy, resulting in an overall density change between 0.3 to 2%, depending on sample and composition. This work suggests the BaS-La2S3-GeS2 system as one for continued exploration as high temperature IR fiber sensors in radiation environments.

Gamma Irradiation, Novel Optical Glasses, Elevated↗

Continuous-energy Monte Carlo neutron transport on GPUs in the Shift code

Here, a continuous-energy Monte Carlo neutron transport solver executing on GPUs has been developed within the Shift code. Several algorithmic approaches are considered, including both history-based and event-based implementations. Unlike in previous work involving multigroup Monte Carlo transport, it is demonstrated that event-based algorithms significantly outperform a history-based approach for continuous-energy transport as a result of increased device occupancy and reduced thread divergence. Numerical results are presented for detailed full-core models of a small modular reactor (SMR), including a model containing depleted fuel materials. These results demonstrate the substantial gains in performance that are possible with the latest-generation of GPUs. On the depleted SMR core configuration, an NVIDIA P100 GPU with 56 streaming multiprocessors provides performance equivalent to 90 CPU cores, and the latest V100 GPU with 80 multiprocessors offers the performance of more than 150 CPU cores.

73 NUCLEAR PHYSICS AND RADIATION PHYSICS↗

Comprehensive assessment of deep reinforcement learning approaches for economic dispatch in nuclear-driven microgrids

As the electrical grid integrates more variable renewable energy sources such as wind and solar, the demand for distributed and flexible systems to address this increased variability becomes critical. Nuclear-driven microgrids provide a promising solution by offering stable generation to complement intermittent renewables, ensuring grid reliability and operating efficiency. This paper proposes a recurrent deep reinforcement learning framework for optimal economic dispatch in a nuclear-powered microgrid integrating renewable energy sources, small modular reactors, battery storage systems, and balance-of-plant dynamics. A three-agent control architecture is developed, where demand and renewable energy agents act as forecasters, and a reinforcement learning-based dispatch agent performs real-time energy allocation. A nonlinear programming formulation is first used to generate an optimal baseline for benchmarking. The proposed dispatch controller, based on Proximal Policy Optimization enhanced with Long Short-Term Memory networks, exploits temporal correlations in system dynamics by taking advantage of the time series used as inputs to improve policy robustness under uncertainty. Comparative analysis against established deep reinforcement learning methods, including Proximal Policy Optimization with a feedforward architecture, Soft Actor-Critic, and Twin Delayed Deep Deterministic Policy Gradient, demonstrates superior performance. Numerical results indicate that the proposed controller achieves a 0.39% cost reduction relative to the nonlinear programming benchmark and outperforms other learning-based methods by generating additional revenue of up to 0.35%. All reinforcement learning controllers compute dispatch actions in less than 0.3 s, resulting in a computational speedup of more than three orders of magnitude over the nonlinear programming baseline. The findings of this paper highlight their applicability for real-time operation and control in nuclear-integrated microgrids under volatile operating conditions.

24 POWER TRANSMISSION AND DISTRIBUTION↗

Nuclear safety Enhanced: A Deep dive into current and future RAVEN applications

As the horizon of nuclear energy expands with the advent of small modular reactors, IV generation reactors, and fusion reactors, there is a growing perspective that the licensing process could benefit from a more comprehensive approach. Moving beyond traditional deterministic and PRA analysis might pave the way for a novel safety analysis paradigm propelled by the increasing computational power at our disposal. This paper explores different methodologies that can improve the outcomes of nuclear safety analysis. These range from uncertainty quantification techniques, aimed at enhancing the precision of safety margins, to deploying dynamic event trees by driving system code simulations, capturing the potential evolutions of severe accidents. These methodologies introduce innovative dimensions to safety analysis, considering the consequences of postulated events and the dynamics of accident sequences. However, they also bring forth challenges, especially in managing the complexity and sheer volume of potential scenarios. The paper touches upon some strategies to counter these challenges, emphasizing the importance of adaptability and continuous evolution in the face of emerging nuclear safety concerns. Additionally, the paper sheds light on the need for advanced tools to apply these methodologies. Among these tools is RAVEN, an open-source software designed for parametric and probabilistic analyses. Its core components, including distribution, sampler, and reduced order model, enable various applications, from risk assessment and mitigation to dynamic learning and plant control logic simulations.

97 - MATHEMATICS AND COMPUTING↗

Investigating the impact of a multi-module operation environment on the task performance time of human operators – An explanatory study

The worldwide demand for Small Modular Reactors (SMRs) has surged in recent years due to their enhanced safety and versatility in supporting diverse industrial sectors. A unique feature of SMR operation is that a single human operator is responsible for managing multiple modules. Therefore, securing a sufficient amount of human performance data pertaining to this new environment is essential for the safe operation of SMRs. In this explanatory study, a series of experiments were conducted using the NuScale simulator, a representative SMR design, with student operators. A total of 12 student operators were assigned two types of off-normal events and asked to cope with them using paper-based procedures. Subsequently, their task performance times were compared with those of student operators responsible for a single unit based on the Task Complexity (TACOM) measure. Results indicate that the performance of student operators under the experimental conditions of this study degraded by a factor of 2 to 3, depending on the characteristics of the off-normal events.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

Numerical Simulation of Isothermal Flow Across Slant Five-Tube Bundle with Spectral Element Method Code Nek5000

The helical coil steam generator (HCSG) is a specific type of shell-and-tube heat exchanger known for having a higher heat transfer coefficient than many other designs. For this reason, they are considered in small modular reactor and high temperature reactor designs. Investigation of flow behavior in HCSGs is important for better design. In this paper we present our study for modeling the coolant flow in the primary side of the HCSG. We used Nek5000, an open source, high-order spectral element computational fluid dynamics code developed in Argonne National Laboratory. Nek5000 accepts only hexahedral mesh, which makes the meshing process for the complicated HCSG geometry very challenging. A tetrahedral-to-hexahedral meshing strategy was applied to bypass the geometric complexities. In this study large eddy simulation (LES) was performed at the Reynolds number of 9000 based on the inlet velocity and the tube diameter. The employed subgrid-scale model for LES relies on explicit filtering. First- and second-order statistics were compared to available experimental data. We report overall velocity and turbulent kinetic energy showed good agreement with particle image velocimetry data.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Simulation of Boiling Two-Phase Flow in a Helical Coil Steam Generator Using the Spectral Element Code Nek-2P

To enable the design of a light water small modular reactor, the boiling flow inside a helical coil steam generator has been simulated with the two-fluid model in Nek-2P. Nek-2P is the multiphase branch of the spectral element code Nek5000. Details of the implementation of the two-fluid model and the included closure models are discussed. The presented closure models include interactions for momentum, heat, and mass transfer between phases. Models for the drag, lift, and turbulent dispersion forces are included. The complete model is fully consistent in the limits of both phasic volume fractions approaching zero and is able to simulate flows of dispersed vapor, continuous liquid, dispersed liquid, continuous vapor, or any combination thereof. The closure models and their implementation in Nek-2P have been validated by comparing to experimental data for a boiling flow, demonstrating excellent agreement. Results from the simulation of the helical coil indicate strong phasic separation driven by the effects of buoyancy and inertia. Finally, significant differences were observed in the results compared to simulations performed using Star-CCM+, although these differences were somewhat expected.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Data-driven Quasi-static Surrogate Model for Nuclear-powered Integrated Energy Systems

The integration of nuclear power into energy systems presents a promising avenue to address the growing global energy demands while minimizing greenhouse gas emissions. In this paper, we introduce a data-driven quasi-static surrogate model for nuclear-powered Integrated Energy Systems (IES) that comprises various components, including a small modular reactor (SMR), energy manifold (EM), balance of plant (BOP), high-temperature steam electrolysis (HTSE), and district heating (DH) system. Traditional physics-based models for these components often entail significant computational overhead and time consumption, necessitating the development of efficient surrogate models. The development of a complete surrogate model for the IES involves the creation of individual surrogate models for each component, leveraging machine learning techniques and simulated data. These isolated surrogate models are subsequently integrated, enabling a holistic view of the IES and reducing the computational burden associated with detailed physics-based simulations. This paper outlines the development process, validation, and the performance evaluation of the surrogate models. The findings shed light on the accuracy and applicability of the surrogate models in practical scenarios, demonstrating their potential to expedite the analysis of nuclear-powered IES and inform future research and development efforts.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Digital risk analysis in nuclear engineering projects: Designing for safety, performance, reliability, and security

Cyber-informed engineering and security-by-design frameworks are important in promoting the need to identify cybersecurity concerns early in the systems engineering lifecycle so risks from adversarial cyber-attacks can be eliminated or reduced through engineering design practices. In addition to adversarial risk, risk in operational technology systems also includes non-adversarial and unintentional risk from other factors such as human performance errors, environmental conditions, design flaws, and device degradation or failure. This paper introduces a new concept for characterizing digital risk, both adversarial and non-adversarial, and provides the basis for initial research into a novel digital risk analysis approach focused on incorporating attack difficulty into a multi-attribute analysis technique using robust decision-making. This digital risk characterization is also used to frame a discussion on the challenges of competing objectives and competing stakeholder requirements in an integrated energy system project that incorporates a small modular reactor and industrial facility.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Development of alternate methods of determining integrated SMR source terms

The Nuclear Energy Institute (NEI) Small Modular Reactor (SMR) Licensing Task Force (TF) has been evaluating licensing issues unique and important to iPWRs, ranking these issues, and developing NEI position papers for submittal to the U.S. Nuclear Regulatory Commission (NRC) during the past three years. Papers have been developed and submitted to the NRC in a range of areas including: Price-Anderson Act, NRC annual fees, security, modularity, and staffing. In December, 2012, NEI completed a draft position paper on SMR source terms and participated in an NRC public meeting presenting a summary of this paper, which was subsequently submitted to the NRC. One important conclusion of the source term paper was the evaluation and selection of high importance areas where additional research would have a significant impact on source terms. The highest ranked research area was iPWR containment aerosol natural deposition. The NRC accepts the use of existing aerosol deposition correlations in Regulatory Guide 1.183, but these were developed for large light water reactor (LWR) containments. Application of these correlations to an iPWR design has resulted in greater than a ten-fold reduction of containment airborne aerosol inventory as compared to large LWRs. Development and experimental justification of containment aerosol natural deposition correlations specifically for the unique iPWR containments is expected to result in a large reduction of design basis and beyond-design-basis accident source terms with concomitantly smaller dose to workers and the public. Therefore, NRC acceptance of iPWR containment aerosol natural deposition correlations will directly support the industry’s goal of reducing the Emergency Planning Zone (EPZ) for SMRs. Based on the results in this work, it is clear that thermophoresis is relatively unimportant for iPWRs. Gravitational settling is well understood, and may be the dominant process for a dry environment. Diffusiophoresis and enhanced settling by particle growth are the dominant processes for determining DFs for expected conditions in an iPWR containment. These processes are dependent on the areato-volume (A/V) ratio, which should benefit iPWR designs because these reactors have higher A/Vs compared to existing LWRs.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

3D Modeling Engine Representation Summary Report

Computers have been used for 3D modeling and simulation, but only recently have computational resources been able to give realistic results in a reasonable time frame for large complex models. This summary report addressed the methods, techniques, and resources used to develop a 3D modeling engine to represent risk analysis simulation for advanced small modular reactor structures and components. The simulations done for this evaluation were focused on external events, specifically tsunami floods, for a hypothetical nuclear power facility on a coastline.

3D Modeling↗

Implementation of a Bayesian Engine for Uncertainty Analysis

In probabilistic risk assessment, it is important to have an environment where analysts have access to a shared and secured high performance computing and a statistical analysis tool package. As part of the advanced small modular reactor probabilistic risk analysis framework implementation, we have identified the need for advanced Bayesian computations. However, in order to make this technology available to non-specialists, there is also a need of a simplified tool that allows users to author models and evaluate them within this framework. As a proof-of-concept, we have implemented an advanced open source Bayesian inference tool, OpenBUGS, within the browser-based cloud risk analysis framework that is under development at the Idaho National Laboratory. This development, the “OpenBUGS Scripter” has been implemented as a client side, visual web-based and integrated development environment for creating OpenBUGS language scripts. It depends on the shared server environment to execute the generated scripts and to transmit results back to the user. The visual models are in the form of linked diagrams, from which we automatically create the applicable OpenBUGS script that matches the diagram. These diagrams can be saved locally or stored on the server environment to be shared with other users.

99 GENERAL AND MISCELLANEOUS↗

Critical Heat Flux Phenomena at High Pressure & Low Mass Fluxes: NEUP Final Report Part I: Experiments

This report is a preliminary document presenting an overview of the Critical Heat Flux (CHF) phenomenon, the High Pressure Critical Heat Flux facility (HPCHF), preliminary CHF data acquired, and the future direction of the research. The HPCHF facility has been designed and built to study CHF at high pressure and low mass flux ranges in a rod bundle prototypical of conceptual Small Modular Reactor (SMR) designs. The rod bundle is comprised of four electrically heated rods in a 2x2 square rod bundle with a prototypic chopped-cosine axial power profile and equipped with thermocouples at various axial and circumferential positions embedded in each rod for CHF detection. Experimental test parameters for CHF detection range from pressures of ~80 – 160 bar, mass fluxes of ~400 – 1500 kg/m 2 s, and inlet water subcooling from ~30 – 70°C. The preliminary data base established will be further extended in the future along with comparisons to existing CHF correlations, models, etc. whose application ranges may be applicable to the conditions of SMRs.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

Economic Conditions and Factors Affecting New Nuclear Power Deployment

This report documents work performed in support of the US Department of Energy Office of Nuclear Energy’s Advanced Small Modular Reactor (AdvSMR) program. The report presents information and results from economic analyses to describe current electricity market conditions and those key factors that may impact the deployment of AdvSMRs or any other new nuclear power plants. Thus, this report serves as a reference document for DOE as it moves forward with its plans to develop advanced reactors, including AdvSMRs. For the purpose of this analysis, information on electricity markets and nuclear power plant operating costs will be combined to examine the current state of the nuclear industry and the process required to successfully move forward with new nuclear power in general and AdvSMRs in particular. The current electricity market is generally unfavorable to new nuclear construction, especially in deregulated markets with heavy competition from natural gas and subsidized renewables. The successful and profitable operation of a nuclear power plant (or any power plant) requires the rate at which the electricity is sold to be sufficiently greater than the cost to operate. The wholesale rates in most US markets have settled into values that provide profits for most operating nuclear power plants but are too low to support the added cost of capital recovery for new nuclear construction. There is a strong geographic dependence on the wholesale rate, with some markets currently able to support new nuclear construction. However, there is also a strong geographic dependence on pronuclear public opinion; the areas where power prices are high tend to have unfavorable views on the construction of new nuclear power plants. The use of government-backed incentives, such as subsidies, can help provide a margin to help justify construction projects that otherwise may not seem viable. Similarly, low interest rates for the project will also add a positive margin to the economic analysis. In both cases, the profitable price point is decreased, making more markets open to profitable entry. Overall, the economic attractiveness of a nuclear power construction project is not only a function of its own costs, but a function of the market into which it is deployed. Many of the market characteristics are out of the control of the potential nuclear power plant operators. The decision-making process for the power industry in general is complicated by the short-term market volatility in both the wholesale electricity market and the commodity (natural gas) market. Decisions based on market conditions today may be rendered null and void in six months. With a multiple-year lead time, nuclear power plants are acutely vulnerable to market corrections.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗