5SCOE tells of the insanity of investing in Solar PV, in temperate zones, compared to investing in advanced small modular reactors (SMRs)

BWRX-300 SMR: The world’s most cost-effective NPP

2 min readFeb 10, 2022

In the UK, the capacity factor of solar pv is 10.7%. That’s equivalent to getting not-fit-for-purpose electricity delivered for 2 hours and 34 minutes of every day.

~//~

5SCOE: 5 Significant Costs Of Electricity — easy to understand. Not so much different to buying a car and running it into the ground:

Advanced nuclear power plants, in the form of small modular reactors (SMRs) are the future of nuclear power.

The first GE Hitachi’s BWRX-300 SMR will be operational in 2028 and has a build programme of 2–3 years. The first Rolls-Royce’s UK SMR will be operational in 2030, with a build programme of 4 years. These build programmes are no different to those of WASPPs

The cost-of-capital that has crucified ‘big nuclear’ is utterly negated and need not enter into any comparison:

~//~

No 1 Significant Cost: Overnight Capital Cost (OCC) is a perfectly justifiable metric to compare WASPPs and SMRs under this ‘level playing field’ scenario.

No 2 Significant Cost: Fuel (Zero here for WASPPs).

No 3 Significant Cost: Operation and Maintenance (O & M).

No 4 Significant Cost: Decommissioning.

No 5 Significant Cost: Waste handling and dispositioning. ~//~

Within the next 5 years, both technologies will be competing for the $trillions on offer in pension funds, green banks, etc.. It’s anybody’s guess what the price of wholesale electricity will be. It peaked at £240/MWh in late December, but dropped back to £175/MWh before the end of the year. So, let’s pick £125.00/ MWh — why not ~//~

Cleve Hill Solar Park:

Earnings = Selling price less 5SCOE = £59.79/MWh.

Total lifetime earnings = 9,841,860 MWh x £59.79/MWh = £588.44 million.

For every £1.00 an investor puts into the OCC, that’s needed to start the income rolling in, the earnings (from which dividends will be paid) will be £1.31 (£588.44 million ÷ £450.00 million) //

R-R UK SMR: Earnings = Selling price less 5SCOE = £100.40/MWh.

Total lifetime earnings = 229,739,760 MWh x £100.40/MWh = £23.07 billion.

For every £1.00 an investor puts into the OCC, that’s needed to start the income rolling in, the earnings (from which dividends will be paid) will be £12.82 (£23.07 billion ÷ £1.8 billion) //

To Pension Fund and Green-Bank Managers the world over — a simple question:

Will your pension contributors wish to earn >9X more for every £1.00 they invest in SMRs, or will you advise them to stick with Solar PV investment?

5SCOE tells of the insanity of investing in Solar PV, in temperate zones, compared to investing in advanced small modular reactors (SMRs)

In the UK, the capacity factor of solar pv is 10.7%. That’s equivalent to getting not-fit-for-purpose electricity delivered for 2 hours and 34 minutes of every day.

~//~

5SCOE: 5 Significant Costs Of Electricity — easy to understand. Not so much different to buying a car and running it into the ground:

Advanced nuclear power plants, in the form of small modular reactors (SMRs) are the future of nuclear power.

The first GE Hitachi’s BWRX-300 SMR will be operational in 2028 and has a build programme of 2–3 years. The first Rolls-Royce’s UK SMR will be operational in 2030, with a build programme of 4 years. These build programmes are no different to those of WASPPs

The cost-of-capital that has crucified ‘big nuclear’ is utterly negated and need not enter into any comparison:

~//~

No 1 Significant Cost: Overnight Capital Cost (OCC) is a perfectly justifiable metric to compare WASPPs and SMRs under this ‘level playing field’ scenario.

No 2 Significant Cost: Fuel (Zero here for WASPPs).

No 3 Significant Cost: Operation and Maintenance (O & M).

No 4 Significant Cost: Decommissioning.

No 5 Significant Cost: Waste handling and dispositioning. ~//~

Cleve Hill Solar Park:

Earnings = Selling price less 5SCOE = £59.79/MWh.

Total lifetime earnings = 9,841,860 MWh x £59.79/MWh = £588.44 million.

For every £1.00 an investor puts into the OCC, that’s needed to start the income rolling in, the earnings (from which dividends will be paid) will be £1.31 (£588.44 million ÷ £450.00 million) //

R-R UK SMR: Earnings = Selling price less 5SCOE = £100.40/MWh.

Total lifetime earnings = 229,739,760 MWh x £100.40/MWh = £23.07 billion.

For every £1.00 an investor puts into the OCC, that’s needed to start the income rolling in, the earnings (from which dividends will be paid) will be £12.82 (£23.07 billion ÷ £1.8 billion) //

To Pension Fund and Green-Bank Managers the world over — a simple question:

Will your pension contributors wish to earn >9X more for every £1.00 they invest in SMRs, or will you advise them to stick with Solar PV investment?

Written by BWRX-300 SMR: The world’s most cost-effective NPP

No responses yet

5SCOE tells of the insanity of investing in Solar PV, in temperate zones, compared to investing in advanced small modular reactors (SMRs)

In the UK, the capacity factor of solar pv is 10.7%. That’s equivalent to getting not-fit-for-purpose electricity delivered for 2 hours and 34 minutes of every day.

~~~~~~~~~~~~~~~//~~~~~~~~~~~~~~~

5SCOE: 5 Significant Costs Of Electricity — easy to understand. Not so much different to buying a car and running it into the ground:

Advanced nuclear power plants, in the form of small modular reactors (SMRs) are the future of nuclear power.

The first GE Hitachi’s BWRX-300 SMR will be operational in 2028 and has a build programme of 2–3 years. The first Rolls-Royce’s UK SMR will be operational in 2030, with a build programme of 4 years. These build programmes are no different to those of WASPPs

The cost-of-capital that has crucified ‘big nuclear’ is utterly negated and need not enter into any comparison:

~~~~~~~~~~~~~~~//~~~~~~~~~~~~~~~

No 1 Significant Cost: Overnight Capital Cost (OCC) is a perfectly justifiable metric to compare WASPPs and SMRs under this ‘level playing field’ scenario.

No 2 Significant Cost: Fuel (Zero here for WASPPs).

No 3 Significant Cost: Operation and Maintenance (O & M).

No 4 Significant Cost: Decommissioning.

No 5 Significant Cost: Waste handling and dispositioning. ~~~~~~~~~~~~~~~//~~~~~~~~~~~~~~~

Cleve Hill Solar Park:

Earnings = Selling price less 5SCOE = £59.79/MWh.

Total lifetime earnings = 9,841,860 MWh x £59.79/MWh = £588.44 million.

For every £1.00 an investor puts into the OCC, that’s needed to start the income rolling in, the earnings (from which dividends will be paid) will be £1.31 (£588.44 million ÷ £450.00 million) ~~~~~~~~~~~~~~~~~~~~//~~~~~~~~~~~~~~~~~~~~

R-R UK SMR: Earnings = Selling price less 5SCOE = £100.40/MWh.

Total lifetime earnings = 229,739,760 MWh x £100.40/MWh = £23.07 billion.

For every £1.00 an investor puts into the OCC, that’s needed to start the income rolling in, the earnings (from which dividends will be paid) will be £12.82 (£23.07 billion ÷ £1.8 billion) ~~~~~~~~~~~~~~~~~~~~//~~~~~~~~~~~~~~~~~~~~

To Pension Fund and Green-Bank Managers the world over — a simple question:

Will your pension contributors wish to earn >9X more for every £1.00 they invest in SMRs, or will you advise them to stick with Solar PV investment?

Written by BWRX-300 SMR: The world’s most cost-effective NPP

No responses yet

~//~

~//~

No 5 Significant Cost: Waste handling and dispositioning. ~//~

For every £1.00 an investor puts into the OCC, that’s needed to start the income rolling in, the earnings (from which dividends will be paid) will be £1.31 (£588.44 million ÷ £450.00 million) //

For every £1.00 an investor puts into the OCC, that’s needed to start the income rolling in, the earnings (from which dividends will be paid) will be £12.82 (£23.07 billion ÷ £1.8 billion) //