Advanced Fuel Cycle Economic Analysis of Symbiotic Light-Water Reactor and Fast Burner Reactor Systems

Abstract

The Advanced Fuel Cycle Economic Analysis of Symbiotic Light-Water Reactor and Fast Burner Reactor Systems, prepared to support the U.S. Advanced Fuel Cycle Initiative (AFCI) systems analysis, provides a technology-oriented baseline system cost comparison between the open fuel cycle and closed fuel cycle systems. The intent is to understand their overall cost trends, cost sensitivities, and trade-offs. This analysis also improves the AFCI Program’s understanding of the cost drivers that will determine nuclear power’s cost competitiveness vis-a-vis other baseload generation systems. The common reactor-related costs consist of capital, operating, and decontamination and decommissioning costs. Fuel cycle costs include front-end (pre-irradiation) and back-end (post-iradiation) costs, as well as costs specifically associated with fuel recycling. This analysis reveals that there are large cost uncertainties associated with all the fuel cycle strategies, and that overall systems (reactor plus fuel cycle) using a closed fuel cycle are about 10% more expensive in terms of electricity generation cost than open cycle systems. The study concludes that further U.S. and joint international-based design studies are needed to reduce the cost uncertainties with respect to fast reactor, fuel separation and fabrication, and waste disposition. The results of this work can help provide insight to the cost-related factors and conditions needed to keep nuclear energy (including closed fuel cycles) economically competitive in the U.S. and worldwide. These results may be updated over time based on new cost information, revised assumptions, and feedback received from additional reviews.