Current US nuclear power projects are likely to exceed $3,000/kWe.
Current US nuclear power projects are sized at over 1,000 MWe which sets a single project cost to several $Billion.
This price tag is not tenable for many potentially interested investors.
Current US nuclear power projects take about 10 years to complete.
This time-scale is not attractive for investment.
The common theme to many of the current challenges.
Cost competitive design is the starting point for commercialization.
Optimized size coupled with simplified design provides total project economies of scale. Our target is to be less than $1,000/kWe.
True modular in-factory construction, again due to size, moves this objective to less than 12 months.
From test reactor development to target full scale, start small.
Optimize the size based on total project experience: design, development, construction and operation.
100% Passive Safety Systems.
Smaller reactor designs pose smaller risks.
Small size affords deployment in rural/remote areas with minimal support infrastructure.
Also, space base power or forward military areas requiring power and thermal energy without the complexity of fuel logistics issues.
Utilize well known technologies from other industries to simplify and reduce the development cycle. We are focused on achieving effective, efficient and cost conscious design from the start.
Lessons learned from other construction around the world and within the US will be applied so that project management challenges and scheduling delays are avoided.