The utility I work for announced yesterday their intent to build a modular nuclear reactor powerplant in Wyoming at an existing plant site. I will be long retired when it is complete but I welcome the news. Looks like Warren Buffett and Bill gates realized they can't take it with them.
Rocky Mountain Power CEO Gary Hoogeveen discusses the new Natrium nuclear power project announced in Wyoming. The project will replace one of Wyoming's coal-fired plants, and is a partnership with
www.wyomingnews.com
This is one of the key SMR "perks" that has been lauded but not acted upon until now. Being able to repurpose/re-power existing generating assets should not only keep the cost down but provides opportunity for existing workers to transition from one industry to the other. We expect to see similar in Alberta as oilfield workers are able to transition into the nuclear industry as it expands.
This is something China is keenly interested in and actively working on as well, with coal being their largest source of power by a massive margin, so being able to transition those assets to nuclear would be beneficial.
Transitioning an existing asset provides a number of benefits:
- Established workforce
- Existing generation and transmission infrastructure
- Existing supply infrastructure
However, there are also some challenges:
- Siting may not have sufficient setback/perimeter for a conventional nuclear license (there are revisions being made for this for SMR's)
- non-nuclear thermal plants run at a higher temperature than a conventional nuke, so special high temp SMR's are required for this function
- Significant re-training for operators/techs
- Community reluctance/opposition
I think we'll see less of that last point in the face of shutdown vs re-power.