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Can microreactors compete with nuclear power plants?

Economic analysis shows that despite lower capital costs, microreactors cannot compete in cost with large nuclear power plants due to economies of scale. Still, they can compete with technologies of similar size and application, such as diesel generators in small networks and renewable energies.

Are microreactors the future of nuclear energy?

Microreactors may extend nuclear energy to a new set of international customers, many of which are located where energy is at a price premium and/or limited to fossil sources. Developers are creating designs geared toward factory production where quality and costs may be optimized.

Can microreactors compete with other low-carbon sources of energy?

While economic challenges remain for the cost competitiveness of microreactors relative to other low-carbon sources of energy, some cost projections for microreactors indicate that they may well compete in markets unsuitable for larger nuclear technologies.

Is there an unsubstantial potential market for microreactors?

Although the number of utilities in these regions is not an unsubstantial potential market for microreactors, one must also consider that many of these utilities operate at a deficit and therefore lack the revenues to safely support nuclear power.

Can microreactors meet unmet energy needs?

If manufacturing and operational costs can be reduced, and regulatory and institutional challenges are overcome, microreactors have the potential to meet unmet needs in energy portfolios where fossil fuel limitations are evident, such as high diesel costs and transport.

Can microreactors compete with renewables?

Economically, microreactors would be uncompetitive compared with renewables and energy storage for 87% of the population, despite their technical potential to serve 70.9% of it.