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Deploying nuclear power: Financing, risk, and execution in the current market environment
Nielson
The renewed global interest in nuclear power is often framed as a policy story driven by decarbonization goals, energy security concerns, and surging electricity demand from digital infrastructure and electrification. While these forces are real and durable, they materially understate the challenge at hand. The practical constraint on nuclear deployment today is not strategic will, but execution. Specifically, the challenge lies in how nuclear projects are financed, how risk is allocated, and how investors assess credibility in a sector defined by long timelines and asymmetric downside risk.
Douglas C. Wilson, Donald J. Dudziak, Glenn R. Magelssen, David S. Zuckerman, Daniel E. Driemeyer
Fusion Science and Technology | Volume 13 | Number 2 | February 1988 | Pages 333-338
Technical Paper | Heavy-Ion Fusion | doi.org/10.13182/FST88-A25107
Articles are hosted by Taylor and Francis Online.
The systems model for a commercial electric power facility produced by the Heavy-Ion Fusion System Assessment is used to study the sensitivity of electricity cost to various inertial confinement fusion target characteristics including gain, peak power, ion range, and target fabrication cost. Net electric power from the plant was fixed at 1000 MW(electric) to eliminate large effects caused by economies of scale. An improved target cost model is used and compared with earlier results. Although specific quantitative results changed, the earlier general conclusions remain valid. The system is moderately insensitive to target gain. A factor of 2.5 change in gain causes <10% change in electricity cost. Increased peak power needed to drive targets poses only a small cost risk but requires many more beamlets be transported to the target. Shortening the required ion range causes both cost and beamlet difficulties. A factor of 4 decrease in the required range at a fixed driver energy increases electricity cost by 43% and raises the number of beamlets from 34 to 330. Finally, the heavy-ion fusion system can accommodate large increases in target costs. While moderate target gain is required, to address the other major uncertainties target design should concentrate on understanding requirements for ion range and peak driver power.