Project Development
Artist impression of SMRs for data centers from Nuclear Reimagined with permission of Third Way.
Nuclear energy is a proven technology that is reliable, scalable, sustainable, and safe. Advanced reactors generate baseload, carbon-free, fully dispatchable energy at a competitive price. Nuclear technology is the most efficient energy source to decarbonize industry.
Industry generates 30% of all greenhouse gas emissions and can be hard to abate.
The U.S. DOE’s Industrial Decarbonization Roadmap identifies five industries that can most benefit from industrial decarbonization technologies.
* Non-Manufacturing Industrial includes agriculture, mining, and construction
Data source: “Annual Energy Outlook 2021 with Projections to 2050”, U.S. Energy Information Administration
Image of Ultra Safe Nuclear Corporation reactor with permission of USNC.
Advanced nuclear includes a range of proven and innovative technologies.
Generation IV reactors use novel fuels and coolants. These technologies offer certain advantages over water-cooled reactors, in particular for high industrial heat use cases.
Gen IV technologies include gas-cooled fast reactors, lead-cooled fast reactors, molten salt reactors, sodium-cooled fast reactors, supercritical-water-cooled reactors, and very high-temperature reactors.
Advanced nuclear technology is generally grouped into three size categories:
Large reactors ~ 700+ MW(e)
Small modular reactors ~ 50 to 300 MW(e)
Microreactors ~ 50 MW(e)
Additional information can be found here.
18% ROE on $8,025/kW overnight capital justifies FOAK project.
The model below illustrates the KPIs of a 371 MW first-of-a-kind SMR deployment. This structured investment framework assumes an overnight capital cost of $8,025/kW, a Baa investment grade off-taker, a 30-year fully-amortizing term loan, and the 48e program ITC transferred at 90% of value.
Additional key assumptions and ROE are highlighted in yellow.
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