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Title: Global Market Analysis of Microreactors

Abstract

Microreactors are smaller and simplified versions of nuclear power plants using current generation and advanced nuclear technology designs. The purpose of this report is to assesses the unique capabilities of microreactors and assess potential deployment in specific global markets in the 2030-2050 timeframe, with consideration for regulatory limits. The methods include developing unique microreactor deployment indicators and matching use cases to define future profile markets. Top-down and bottom-up analysis techniques were used to evaluate emerging market trends, derive a range of possible demands, and rank potential markets in 63 countries including current nuclear users and newcomer countries. Deployment is considered from regulatory and planning perspectives. Results indicate significant potential for global deployment of microreactors, but also significant challenges in achieving the technical capacities, meeting regulatory requirements and international accords, achieving competitive costs, and for gaining public acceptance. Profile microreactor markets were identified that include isolated operations, distributed energy, resilient urban applications, marine propulsion, and disaster relief. Market demands could be strong in Western Europe and possibly even the U.S., but particularly strong across Asia and Eastern Europe in isolated operations and distributed energy applications. Build rates in the hundreds of units by 2040 and thousands by 2050 would be neededmore » to attain market penetration at scale.« less

Authors:
 [1];  [2];  [3]
  1. Idaho National Laboratory
  2. Boise State University
  3. CAES Energy Policy Institute, Boise State University
Publication Date:
Research Org.:
Idaho National Lab. (INL), Idaho Falls, ID (United States)
Sponsoring Org.:
USDOE Office of Nuclear Energy (NE)
OSTI Identifier:
1806274
Report Number(s):
INL/EXT-21-63214-Rev000
DOE Contract Number:  
DE-AC07-05ID14517
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
21 - SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS; 29 - ENERGY PLANNING, POLICY AND ECONOMY; microreactor; small modular reactor; nuclear battery

Citation Formats

Shropshire, David E, Black, Geoffrey, and Araujo, Kathleen. Global Market Analysis of Microreactors. United States: N. p., 2021. Web. doi:10.2172/1806274.
Shropshire, David E, Black, Geoffrey, & Araujo, Kathleen. Global Market Analysis of Microreactors. United States. https://doi.org/10.2172/1806274
Shropshire, David E, Black, Geoffrey, and Araujo, Kathleen. 2021. "Global Market Analysis of Microreactors". United States. https://doi.org/10.2172/1806274. https://www.osti.gov/servlets/purl/1806274.
@article{osti_1806274,
title = {Global Market Analysis of Microreactors},
author = {Shropshire, David E and Black, Geoffrey and Araujo, Kathleen},
abstractNote = {Microreactors are smaller and simplified versions of nuclear power plants using current generation and advanced nuclear technology designs. The purpose of this report is to assesses the unique capabilities of microreactors and assess potential deployment in specific global markets in the 2030-2050 timeframe, with consideration for regulatory limits. The methods include developing unique microreactor deployment indicators and matching use cases to define future profile markets. Top-down and bottom-up analysis techniques were used to evaluate emerging market trends, derive a range of possible demands, and rank potential markets in 63 countries including current nuclear users and newcomer countries. Deployment is considered from regulatory and planning perspectives. Results indicate significant potential for global deployment of microreactors, but also significant challenges in achieving the technical capacities, meeting regulatory requirements and international accords, achieving competitive costs, and for gaining public acceptance. Profile microreactor markets were identified that include isolated operations, distributed energy, resilient urban applications, marine propulsion, and disaster relief. Market demands could be strong in Western Europe and possibly even the U.S., but particularly strong across Asia and Eastern Europe in isolated operations and distributed energy applications. Build rates in the hundreds of units by 2040 and thousands by 2050 would be needed to attain market penetration at scale.},
doi = {10.2172/1806274},
url = {https://www.osti.gov/biblio/1806274}, journal = {},
number = ,
volume = ,
place = {United States},
year = {2021},
month = {7}
}