Fueling the Future of Nuclear Power

Goal: 1 Cent Per KWH or Less Even at the high end, the ESA price target translates to ~1.5 cents per kWh for a typical SMR. Fuel Costs ($ per kWh) $0.025 $0.020 At higher production levels, the price will be well below one cent. HALEU Enrichment & Deconversion $0.015 TAKEAWAY: Competitiveness of SMRs depends upon their success in reducing capital costs of new nuclear. Fuel costs at or below 1 $0.010 Natural Coal Natural Gas Price Gas Price: Price: Price: $2.87 $2.06 $2.87 /MMBTU /MMBTU /MMBTU cent/kWh should not be "make or $0.005 Nuclear break" for these reactors. LEU Feed LEU Feed 2019 Fleetwide Avg Fuel Cost (NEI) Typical SMR Typical SMR (Euratom (HALEU at Existing Nuclear Natural Gas (existing) Coal Natural Gas (new Supply U.S., Russian combined Agency Government Target) Prices) Centrus Fueling the Future cycle) Graphic reflects the cost of the fuel required to produce 1 kWh of electricity given the efficiency of typical gas and coal plants and the thermal efficiency and burnup rate typical of SMR designs. This does not include the capital costs of building gas, coal, or nuclear, or fuel fabrication costs. 15 of Nuclear Power

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