Nuclear–Thermal Power Generation: Multicriteria Optimization of the Economic Sustainability

Stylianos A. Papazis ()
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Stylianos A. Papazis: Department of Electrical and Computer Engineering, School of Engineering, Democritus University of Thrace, Kimmeria Campus, 67100 Xanthi, Greece

Sustainability, 2025, vol. 17, issue 11, 1-34

Abstract: As is well known, due to carbon dioxide emissions, the combustion of lignite in power plants creates environmental pollution. In contrast, nuclear fuels do not produce carbon dioxide emissions. This paper investigates the effects of replacing lignite thermal power plants with small modular nuclear reactors (SMRs) of equivalent rated power and related characteristics. In terms of the emissions criterion, nuclear fuels belong to the same category of clean sources as the sun and wind. A second criterion is the economic one and concerns the operating cost of the nuclear–thermal power plant. Based on the economic criterion, although nuclear reactors require a higher initial invested capital, they have lower fuel costs and lower operating costs than lignite plants, which is important due to their long service life. A third criterion is the effect of the operation mode of an SMR, constant or variable, on the cost of energy production. In terms of the operation mode criterion, two cycles were investigated: the production of a constant amount of energy and the production of a variable amount of energy related to fluctuations in the electric load demand or the operation load-following. Using multi-criteria managerial scenarios, the results of the research demonstrate that the final mean minimal cost of energy generated by hybrid thermal units with small nuclear reactors in constant power output operation is lower than the mean minimal cost of the energy generated in the load-following mode by 2.45%. At the same time, the carbon dioxide emissions in the constant power output operation are lower than those produced in the load-following mode by 2.14%. In conclusion, the constant power output operation of an SMR is more sustainable compared to the load-following operation and also is more sustainable compared to generation by lignite thermal power plants.

Keywords: small modular reactors (SMRs); hybrid power system integration; techno-economic evaluation; economic optimization; sustainability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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