High Temperature, High Pressure, Carbon-Free Steam for Industrial Decarbonization
Coal-to-Clean Energy Transition Expected to Accelerate
Insights from the U.S. DOE Coal-to-Nuclear Report1:
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.
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Construction cost savings are between 15 – 35%
for a nuclear power plant to be built on a coal power plant site
80% of 394 active and recently retired coal plant sites are
candidates to host SMRS
$275M in new economic activity; 92% increase in direct tax
revenues per plant, each 12 module NuScale SMR supports
-270 permanent operation jobs
The IRA places advanced nuclear on a level playing field
with other zero-carbon generation sources
.
Additional tax incentives are available for
projects in energy communities where coal mines or coal-fired
power plants have closed
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Repurposing of Retired Coal Plants Represents Significant Market Opportunity
1 U.S. DOE, "Investigating Benefits and Challenges of Converting Retiring Coal Plants into Nuclear Plants, 2022 H.R.5376 -117th Congress
(2021-2022): Inflation Reduction Act of 2022
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