Nuclear Power Plant Construction Costs: Can Mass Production be the Answer?
The high cost of building nuclear power plants has long been a discussion point among experts, but a recent podcast featuring Jigar Shah, head of the Department of Energy (DOE) loans program, suggests a possible solution. Shah believes that creating a basic design that can be copied where appropriate may help to reduce costs by leveraging economies of scale. France has already adopted this method with its 56 reactors, which are all based on three basic designs. This approach allowed for quick design, testing, and construction of the plants, bringing 56 reactors online in 15 years. In contrast, the US has struggled to build and commission even a single reactor in the same timeframe. The French experience shows that mass production can significantly reduce costs.