January 11, 2023 David Schlissel https://ieefa.org/resources/eye-popping-new-cost-estimates-released-nuscale-small-modular-reactor?utm_campaign=Daily%20Newsletter&utm_medium=email&_hsmi=241307067&_hsenc=p2ANqtz-8xQeLZzsje3jM2qVnPAR5aTsMc4VV_OYGkbUu5uSffqnJCwQATb7GgJFJ2J7e2ifDaYlz0bWs4PMSErYrZnHwLcCCWEA&utm_content=241307067&utm_source=hs_email&fbclid=IwAR1f_fFT-7qPBMSb4zGcxf8SAIL4xEL2r1JrKytsP4wyrdz1xj8yn0oPODM

Key Findings

NuScale and the Utah Associated Municipal Power Systems (UAMPS) announced costs of a 462-megawatt small modular reactor (SMR) have risen dramatically

As recently as mid-2021, the target price for power was pegged at $58 per megawatt-hour (MWh); it’s risen to $89/MWh, a 53% increase.

The price would be much higher without $4 billion federal tax subsidies that include a $1.4 billion U.S. Department of Energy contribution and a $30/MWh break from the Inflation Reduction Act

The higher target price is due to a 75% increase in the estimated construction cost for the project, from $5.3 to $9.3 billion dollars

Last week,NuScale and the Utah Associated Municipal Power Systems (UAMPS) announcedwhat many have long expected. The construction cost and target price estimates for the 462-megawatt (MW) small modular reactor (SMR) are going up, way up.

From 2016 to 2020, they…