Small Modular Nuclear Reactors: Parametric Modeling of Integrated Reactor Vessel Manufacturing Within A Factory Environment

This study continued the work, supported by the Department of Energy's Office of Nuclear Energy, regarding the economic analysis of small modular reactors (SMRs). The study team analyzed, in detail, the costs for the production of factory-built components for an SMR economy for a pressurized-water reactor (PWR) design. The modeling focused on the components that are contained in the Integrated Reactor Vessel (IRV). Due to the maturity of the nuclear industry and significant transfer of knowledge from the gigawatt (GW)-scale reactor production to the small modular reactor economy, the first complete SMR facsimile design would have incorporated a significant amount of learning (averaging about 80% as compared with a prototype unit). In addition, the order book for the SMR factory and the lot size (i.e., the total number of orders divided by the number of complete production runs) remain a key aspect of judging the economic viability of SMRs. Assuming a minimum lot size of 5 or about 500 MWe, the average production cost of the first-of-the kind IRV units are projected to average about 60% of the a first prototype IRV unit (the Lead unit) that would not have incorporated any learning. This cost efficiency could be a key factor in the competitiveness of SMRs for both U.S. and foreign deployments.

The research described in this paper was funded by the U.S. DOE through Argonne National Laboratory, which is operated by UChicago Argonne, LLC under contract No. DE-AC02-06CH1357. This report was prepared as an account of work sponsored by the United States Department of Energy. Neither the United States Government nor any agency thereof, nor the Illinois Institute of Technology, nor the University of Chicago, nor any of their employees or officers, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof. The views and opinions of document authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof, Argonne National Laboratory, or the institutional opinions of the University of Chicago.