Are Small Scale Modular Reactors Becoming Too Expensive? ...Middle East

According to industry reports the builders of the NuScale small modular reactor (SMR) project recently submitted revised cost estimates to their muni and co-op partners. Initial cost estimates were for power to be produced at about $58/MWh. This figure was recently revised upwards to roughly $90-$100/Mwh, a projected price increase of 60-70%. The causes cited by management for these price increases were twofold: inflation (in material costs, i.e. steel) and higher interest rates. This initial NuScale project located at the federal government’s…

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