Nuclear Energy Cost Estimates for Net Zero World Initiative – 2024 Update

Summary

Accurate cost estimation for new nuclear reactors globally poses a significant challenge for energy modeling, particularly due to varied designs, supply chains, and limited country-specific data. This report from Idaho National Laboratory and Argonne National Laboratory presents a methodology using U.S. reference costs, adjusted for localization and specific cost drivers, to project nuclear energy costs for various countries in the Net Zero World Initiative. The completed analysis offers essential cost and operational parameters for large reactors and Small Modular Reactors (SMRs) to aid decarbonization modeling scenarios worldwide.

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