Comparative economic analysis of the Integral Molten Salt Reactor and an advanced PWR using the G4-ECONS methodology

Abstract

The assessment of economic viability of a new reactor concept is crucial particularly during the early stages of its concept development. The G4-ECONS methodology provides a standardized top-down estimate of electricity cost and parametric sensitivities, not specifically targeted toward an accurate prediction of the final cost when deployed, but rather seeking an approximation of cost variations relative to other systems. This study presents an analysis of the Integral Molten Salt Reactor (IMSR) concept in comparison with a consistent analysis of an advanced PWR reactor (represented by AP1000). Estimation of levelized unit electricity costs, as well as sensitivity analyses to the discount rate and uranium or SWU prices, are presented using this methodology.