Memo to Peter Dutton: New study shows SMRs too costly, too slow, too risky

However, the Institute for Energy Economics and Financial Analysis (IEEFA) this week released new research that suggests SMRs do not represent any more credible an option than large-scale nuclear plants.

IEEFA’s report, SMRs: Still Too Expensive, Too Slow and Too Risky, reinforces previous research by IEEFA, showing that SMRs are too costly, they would take too long to build, and they would present too many risks to play a significant role in Australia’s energy transition away from fossil fuels.

The nuclear industry remains beset by frequent cost overruns and schedule delays, and SMRs have not been exempt from these problems. SMRs remain a relatively new, unproven technology.

Drawing on the experiences of operating and proposed SMRs, our researchers found the reactors would continue to take much longer to build than their advocates claim, and at a much higher costs.

https://reneweconomy.com.au/memo-to-peter-dutton-smrs-too-costly-too-slow-too-risky/