Economic and Technological Challenges in Zero-Emission Strategies for Energy Companies

Piotr F. Borowski ()
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Piotr F. Borowski: Nicolaus Copernicus Superior School, College of Economics and Management, 47a Nowogrodzka St., 00-695 Warsaw, Poland

Energies, 2025, vol. 18, issue 4, 1-23

Abstract: The energy transition requires substantial financial investments and the adoption of innovative technological solutions. The aim of this paper is to analyze the economic and technological aspects of implementing zero-emission strategies as a key component of the transition toward a carbon-neutral economy. The study assesses the costs, benefits, and challenges of these strategies, with a particular focus on wind farms and nuclear power, including small modular reactors (SMRs). The paper presents an in-depth examination of key examples, including onshore and offshore wind farms, as well as nuclear energy from both large-scale and small modular reactors. It highlights their construction and operating costs, associated benefits, and challenges. The investment required to generate 1 MW of energy varies significantly depending on the technology: onshore wind farms range from $1,300,000 to $2,100,000, offshore wind farms from $3,000,000 to $5,500,000, traditional nuclear power plants from $3,000,000 to $5,000,000, while small modular reactors (SMRs) require between $5,000,000 and $10,000,000 per MW. The discussion underscores the critical role of wind farms in diversifying renewable energy sources while addressing the high capital requirements and technical complexities of nuclear power, including both traditional large-scale reactors and emerging SMRs. By evaluating these energy solutions, the article contributes to a broader understanding of the economic and technological challenges essential for advancing a sustainable energy future.

Keywords: cost of renewables; renewable energy; small modular reactors; nuclear energy; wind energy; net-zero emission (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2025
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