According to industry reports the builders of the NuScale small modular reactor (SMR) project recently submitted revised cost estimates to their muni and co-op partners. Initial cost estimates were for power to be produced at about $58/MWh. This figure was recently revised upwards to roughly $90-$100/Mwh, a projected price increase of 60-70%.
The causes cited by management for these price increases were twofold: inflation (in material costs, i.e. steel) and higher interest rates. This initial NuScale project located at the federal government’s…Are Small Scale Modular Reactors Becoming Too Expensive?
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