Australia / Academy Report Highlights ‘Least Risky Option’ For SMR Deployment

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Academy Report Highlights ‘Least Risky Option’ For SMR Deployment </h1> <p class="text-black text-sm sm:text-base md:text-lg"> By David Dalton<br> 26 July 2024 </p> <div class="share-box print-none"> <svg xmlns="http://www.w3.org/2000/svg" width="32" height="225" viewBox="0 0 32 225" fill="none"> <a class="text-facebook" target="_blank" href="https://www.facebook.com/sharer.php?u=https%3A%2F%2Fwww.nucnet.org%2Fnews%2Facademy-report-highlights-least-risky-option-for-smr-deployment-7-5-2024"> <path fill-rule="evenodd" clip-rule="evenodd" d="M0 64C0 55.164 7.164 48 16 48C24.836 48 32 55.164 32 64C32 72.836 24.836 80 16 80C7.164 80 0 72.836 0 64ZM18.2 58.6667H20V54.6667H17.372C14.5747 54.6667 13.3333 55.8973 13.3333 58.256V61.3333H10.6667V64H13.3333V73.3333H17.3333V64H19.7213L20 61.3333H17.3333V59.704C17.3333 58.9613 17.4827 58.6667 18.2 58.6667Z" fill="#4267B2"/> </a> <a class="text-primary" 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class="mb-6"><p><em>Cost and performance of nuclear technology ‘has not yet been demonstrated’</em></p></div> <figure> <img alt="Academy Report Highlights ‘Least Risky Option’ For SMR Deployment" srcset="https://nucnet.imgix.net/bdZiCG98CeKitwTqYevki4Dt?ixlib=rails-4.3.1&w=770&h=423&fit=crop&q=60&fm=jpg&auto=format&lossless=true&s=ec2597e2125d3372bfca304eca0a3e13 1x, https://nucnet.imgix.net/bdZiCG98CeKitwTqYevki4Dt?ixlib=rails-4.3.1&w=1540&h=846&fit=crop&q=60&fm=jpg&auto=format&lossless=true&s=bbb4035d7fc01ad3b4fdaaca11c615b1 2x" src="https://nucnet.imgix.net/bdZiCG98CeKitwTqYevki4Dt?ixlib=rails-4.3.1&w=770&h=423&fit=crop&q=60&fm=jpg&auto=format&lossless=true&s=ec2597e2125d3372bfca304eca0a3e13" /> <figcaption>Opposition leader Peter Dutton said his nuclear plans will ‘cost a fraction’ of the ruling Labor party’s power plans.</figcaption> </figure> <div class="mb-6 leading-normal lead-style"> <p>The least risky option if Australia plans to deploy small modular reactors would be to wait until after several designs have been commercialised and successfully operated in other countries, a report by the Australian Academy of Technological Sciences & Engineering (ATSE).</p> <p>The report, <a href="https://www.atse.org.au/what-we-do/strategic-advice/small-modular-reactors-the-technology-and-australian-context-explained/">Small Modular Reactors – The technology and Australian context explained</a>, says SMRs could potentially form part of Australia’s future low-carbon energy mix, using existing transmission infrastructure and contributing to baseload power, or providing dispatchable power in a high-renewables grid. </p> <p>But the report notes that as an emerging technology, in 2024 the cost and operational performance of this technology “has not yet been demonstrated”.</p> </div> <div class="body-style"> <p>It says SMR development globally in “a nascent state” with associated uncertainty in costs and timelines. The report also highlights the relatively small size of the Australian nuclear-capable workforce. </p> <p>According to the report, commercial releases of SMRs could begin by the late 2030s to mid-2040s, with a mature market likely emerging during the mid to late 2040s, depending on regulatory approvals and investment and resource allocation.</p> <p>Sourcing either an “in-development” or a prototype SMR is a higher-risk proposition for both technical and commercial reasons, the report concludes.</p> <p>“An Australian government that wished to pursue a prototype SMR earlier than the 2040s would need to undertake legislative reform, acquire social licence, work directly with developers, and build the requisite skilled workforce.”</p> <p>ATSE president Katherine Woodthorpe said: “Overall, the associated timescales, expense, skills gap, legal and regulatory barriers, and social acceptance of nuclear power means the technology is high-risk when compared to existing energy options.”</p> <p>Nuclear power is becoming a key issue in the next general election. Australia’s federal Coalition leader Peter Dutton <a href="https://www.nucnet.org/news/opposition-leader-wants-seven-large-scale-reactors-and-two-smrs-6-3-2024">announced recently</a> that the opposition party wants to build seven large-scale nuclear power plants and two SMRs.</p> <p>He said new nuclear will “cost a fraction” of the ruling Labor party’s power plans. He said the cost would be released “in due course”, but did not commit to it before the next general election, which will be held on or before 27 September 2025.</p> </div> </article> <a class="content-btn" href="/use-nucnet-content"> <img width="32" height="32" alt="Pen" src="/packs/media/images/icons/use-content-f5914e261fdd18d0efea4f082b5f9a5c.svg" /> <span>Use this content</span> </a> <hr class="mt-8 mb-6 border-t border-gray"> <h4 class="mb-4 sm:mb-5 tracking-widest uppercase">Tags</h4> <ul class="tags"> <li><a href="/news/tagged/australia">australia</a></a></li> <li><a href="/news/tagged/Small%20Modular%20Reactors">Small Modular Reactors</a></a></li> <li><a href="/news/tagged/Australia%20New%20Build">Australia New Build</a></a></li> <li><a href="/news/tagged/Peter%20Dutton">Peter Dutton</a></a></li> <li><a href="/news/tagged/Academy%20of%20Technological%20Sciences%20&%20Engineering">Academy of Technological Sciences & Engineering</a></a></li> <li><a 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Australia / Academy Report Highlights ‘Least Risky Option’ For SMR Deployment