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Utah: 140MW Geothermal bid can beat the cost and performance of the proposed Nuclear SMR

January 27, 2023 by Dennis Wamsted

The U.S. state of Utah is processing an agreement for a new Small Modular Reactor (SMR) to provide baseline and dispatchable power. The SMR bid quotes a price of $89/MWh. But cost overruns will tie the state’s consumers to whatever high prices entail, says Dennis Wamsted at IEEFA. Now a geothermal bid from NV Energy has been presented that offers the same capacity at around $70/MWh. Wamsted explains why the 140MW geothermal project would meet … [Read more...]

Filed Under: Energy, Geothermal, Nuclear Tagged With: baseline, costs, dispatchable, electricity, geothermal, Nuclear, prices, renewables, SMR, UAMPS, US, Utah, variable

Small Modular Reactor cost overruns: the same old problems haunt new nuclear in Utah

November 25, 2022 by David Schlissel

Much hope is being placed on Small Modular Reactors (SMR) making new nuclear plants competitive. But David Schlissel at IEEFA summarises their research into the publications, updates and statements coming from the stakeholders involved with the SMR by UAMPS (Utah Associated Municipal Power Systems) and NuScale Power Corporation that shows that costs are going out of control, a persistent problem in the nuclear industry. The original target power … [Read more...]

Filed Under: Energy, Nuclear Tagged With: construction, costs, delays, electricity, Fluor, grids, Nuclear, NuScale, power, SMR, UAMPS, Utah

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        Recent Posts

        Concawe Symposium tackles climate and pollution as RED commits fuel companies to 29% renewable content from 2030

        Affordable €25k EVs by 2025: Europe’s carmakers can do it. Instead they’re making more profitable SUVs

        Oil & Gas business is fatally flawed: Russia-Ukraine only delayed the relentless decline in prices

        Space-Based Solar Power: getting closer as SpaceX and Blue Origin bring down the cost of heavy-lift launches?

        U.S. Inflation Reduction Act: one year on, a summary of impressive progress in the energy transition

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