Economic Feasibility of Energy Supply by Small Modular Nuclear Reactors on Small Islands: Case Studies of Jeju, Tasmania and Tenerife

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Abstract

Small modular nuclear reactors (SMRs) offer the promise of providing carbon-free electricity and heat to small islands or isolated electricity grids. However, the economic feasibility of SMRs is highly system-dependent and has not been studied in this context. We selected three case-study islands for such an evaluation: Jeju, Tasmania and Tenerife based on their system complexity. We generated 100,000 electricity-mix cases stochastically for each island and examined the system-level generation-cost changes by incrementing the average generation cost of SMRs from USD$60 to 200 MWh−1. SMRs were found to be economically viable when average generation cost was

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Hong, S., & Brook, B. W. (2018). Economic Feasibility of Energy Supply by Small Modular Nuclear Reactors on Small Islands: Case Studies of Jeju, Tasmania and Tenerife. Energies, 11(10). https://doi.org/10.3390/en11102587

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