Cost of nuclear power

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(CC) Image: Jessica Lovering
Fig.1 Add image caption here.[1]

Historical Costs

see Fig.1

Cost of new designs

ThorCon MSR:
$1200 per kW + $0.03 per kWh

Cost of alternatives

Rooftop Solar (no batteries):

$2,900 per kW (nameplate), $11,600 per kW avg (25% Capacity Factor)

Wind Turbines

$770–$850 per kW (nameplate), down from $1800 in 2008.[2]
$3240 per kW avg (25% Capacity Factor)

Batteries:

Lead-Acid: $300 per kWh
Li-ion:

Hydrogen:

$2 per kg promised by mid 2020s[3]
$1 per kg ten-year goal set by DOE[4]
$0.12 per kWh electrical energy storage cost, assuming $2 per kg of H2, and 50% overall efficiency

Notes and References

  1. Fig.12 in Lovering 2016 "Historical construction costs of global nuclear power reactors" https://doi.org/10.1016/j.enpol.2016.01.011
  2. DOE report 30 Aug 2021
  3. Australian company Hysata, PV Magazine, Aug 2022.
  4. DOE's "Hydrogen Shot"