The viability of nuclear power ultimately depends on economics. Safety is a requirement, but it does not determine whether a reactor will be deployed. The most economical reactor maximizes revenue while minimizing costs. The lowest-cost reactor is not necessarily the most economical reactor. Different markets impose different requirements on reactors. If the capital cost of Reactor A is 50 percent more than Reactor B but has characteristics that double the revenue, the most economical reactor is Reactor A.

The most important factor is an efficient supply chain, including on-site construction practices. This is the basis for the low capital cost of light water reactors from China and South Korea. The design of the reactor can significantly affect capital cost through its impact on the supply chain. The question is, how can advanced reactors boost revenue and reduce costs?

The Department of Nuclear Engineering at North Carolina State University has spent the 2020–2021 academic year celebrating the 70th anniversary of its becoming the first U.S. university to establish a nuclear engineering curriculum. It started in 1950, when Clifford Beck, then of Oak Ridge, Tenn., obtained support from NC State’s dean of engineering, Harold Lampe, to build the nation’s first university nuclear reactor and, in conjunction, establish an educational curriculum dedicated to nuclear engineering.

The department, host to the 2021 ANS Virtual Student Conference, scheduled for April 8–10, now features 23 tenure/tenure-track faculty and three research faculty members. “What a journey for the first nuclear engineering curriculum in the nation,” said Kostadin Ivanov, professor and department head.

The Department of Energy has put two reactor designs—TerraPower’s Natrium and X-energy’s Xe-100—on a fast track to commercialization, each with an initial $80 million in 50-50 cost-shared funds awarded through the Advanced Reactor Demonstration Program (ARDP). In all, the DOE plans to invest $3.2 billion—with matching funds from industry—over the seven-year demonstration program, subject to future appropriations.

Energy Secretary Dan Brouillette announced the awards late in the day on October 13 in Oak Ridge, Tenn., and said, “These awards are a critical first step of a program that will strengthen our nation’s nuclear energy and technological competitiveness abroad, and position our domestic industry for growth, for increased job creation, and for even more investment opportunity. It’s absolutely vital that we make progress on this technology now.”

TerraPower announced on September 15 that it plans to work with Centrus Energy to establish commercial-scale production facilities for the high-assay, low-enriched uranium (HALEU) needed to fuel many advanced reactor designs.

The proposed investment in HALEU fuel fabrication is tied to a TerraPower-led submittal to the Department of Energy’s Advanced Reactor Demonstration Program (ARDP), which was created to support the deployment of two first-of-a-kind advanced reactor designs within five to seven years. TerraPower would like one of those designs to be Natrium, the 345-MWe sodium fast reactor that it has developed with GE Hitachi Nuclear Energy.