Economics of Hybrid-Energy Systems and the Impact on Advanced Reactor Design and Operation
- Argonne National Lab. (ANL), Argonne, IL (United States)
The economics of electricity production in the U.S. is changing with the introduction of recent federal regulations limiting carbon dioxide emissions in the electric power industry. This has already resulted in the closing of coal plants, plants which in the past to a degree served to balance production with daily variation in load. The resulting loss of electricity production is being made up with wind and solar renewables and gas-fired units, and with an increasing need for energy storage. It would appear that with the loss of the baseload component of the coal plants, the duty-cycle of the gas-fired units may necessarily increase, encroaching on the traditional nuclear plant domain with its inexpensive fuel. Gas plants are costly to operate on a continuous basis with relatively volatile fuel prices. It appears then that nuclear plants that are capable of flexible operation have the potential on an economic basis to displace gas-fired power units. For flexible operation with renewables advanced reactors have advantages over the current generation of pressurized water reactors (PWR) and the new small modular reactors (SMR). For PWRs and SMRs, pellet-cladding mechanical interaction, xenon poisoning, and thermal stress concentrations in structures place limits on the all-important response time for operation with renewables. These phenomena are, however, not as limiting for the liquid-metal fast reactor (LMR). This may permit greater power ramp rates than in a light water reactor which bestows an economic advantage in energy systems with renewables. An economic model is developed for studying electric grid options including plant mix and market rules for the case of a high renewable fraction. It returns the minimum cost solution from among a mix of plant types including nuclear, gas, and storage (i.e. hybrid energy systems) for a given fraction of electricity production by renewables. This model can be used to assess the economic advantage of nuclear plants over gas plants and advanced reactors over light water reactors in an electric grid with a high fraction of renewables. The model has an explicit treatment of plant dynamic effects, an important feature for analysis of hybrid energy systems with a renewables production component that is unpredictable and uncontrollable.
- Research Organization:
- Argonne National Lab. (ANL), Argonne, IL (United States)
- Sponsoring Organization:
- USDOE Office of Nuclear Energy (NE)
- DOE Contract Number:
- AC02-06CH11357
- OSTI ID:
- 1895086
- Report Number(s):
- ANL-ART-35; 177352
- Country of Publication:
- United States
- Language:
- English
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