Philip Johnston
rightly points out the failures of the French designed, Chinese State
Bank-funded nuclear white elephant planned for Hinkley Point C in Somerset (“It
is not yet too late to rethink this country’s nuclear power strategy,”
Daily Telegraph, September 8 http://www.telegraph.co.uk/news/earth/energy/11849533/It-is-not-too-late-to-rethink-this-countrys-nuclear-power-strategy.html).
But he also
suggests that what is needed instead is
a new era of nuclear power generation, focused on smaller, cheaper reactors
designed and built here to provide local generation,” and suggests this would
help create energy self-sufficiency.
The reactor type
he advocates is commonly called the Small Modular Reactor (SMR), and it has
also gained the attention of the US government. However, independent
technological and economic studies of this reactor type have discovered problems.
One such study,
“Small Modular Reactors: Safety, Security and Cost Concerns” by the Union of
Concerned Scientists, based in Boston, published in September 2013, countered argument
that SMRs can be built with a smaller capital investment than plants based on
larger reactors, with their proponents suggesting that this will remove
financial barriers:
“affordable” doesn’t necessarily mean “cost-effective.” Economies of scale
dictate that, all other things being equal, larger reactors will generate
cheaper power. SMR proponents suggest that mass production of modular reactors
could offset economies of scale, but a 2011 study by the European Commission’s
Joint Research Centres’s Institute for Energy, ‘Economic
viability of small to medium-sized reactors deployed in future European energy
markets’ (Progress
in Nuclear Energy http://www.uxc.com/smr/Library%5CEconomics/2011%20-%20Economic%20Viability%20of%20SMRs%20Deployed%20in%20Future%20European%20Energy%20Markets.pdf) concluded that SMRs would still be
more expensive than current reactors.” (http://www.ucsusa.org/nuclear-power/nuclear-power-technology/small-modular-reactors#.Ve4LY_2FOM8)
Also, as the UK has no economically recoverable
reserves of natural uranium, it would have to import the uranium for the nuclear
fuel for SMRs from abroad.
With Kazakhstan, run by an autocratic regime
and currently the world’s biggest supplier of uranium, this hardly increases
energy security over imported gas.
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