Small reactors and the “second nuclear era”

Joseph R. Egan

Energy, 1984, vol. 9, issue 9, 865-874

Abstract: Predictions of the nuclear industry's demise are premature and distort both history and politics. The industry is reemerging in a form commensurate with the priorities of those people and nations controlling the global forces of production. The current lull in plant orders is due primarily to the world recession and to factors related specifically to reactor size. Traditional economies of scale for nuclear plants have been greatly exaggerated. Reactor vendors and governments in Great Britain, France, West Germany, Japan, the United States, Sweden, Canada, and the Soviet Union are developing small reactors for both domestic applications and export to the Third World. The prefabricated, factory-assembled plants under 500 MWe may alleviate many of the existing socioeconomic constraints on nuclear manufacturing, construction, and operation. In the industrialized world, small reactors could furnish a qualitatively new energy option for utilities. But developing nations hold the largest potential market for small reactors due to the modest size of their electrical systems. These units could double or triple the market potential for nuclear power in this century. Small reactors will both qualitatively and quantitatively change the nature of nuclear technology transfers, offering unique advantages and problems vis-à-vis conventional arrangements. Safeguards concerns are paramount, yet they remain unaddressed. Additional study of small reactors is thus both prudent and necessary.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:9:y:1984:i:9:p:865-874

DOI: 10.1016/0360-5442(84)90017-3

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