This post is one in a series featuring the complete slate of advanced energy technologies outlined in the report This Is Advanced Energy.
Nuclear power is a mature technology, with 99 licensed reactors operating across 30 states totaling 115 GW of capacity and producing about 20% of the country’s electricity. The United States remains the world’s largest producer of nuclear energy, accounting for more than 30% of global generation. As of 2015, there were five new reactors under construction in the United States in Tennessee, Georgia, and South Carolina: one PWR and four Generation III+ reactors by Westinghouse. In addition to the Westinghouse Gen III+ model currently under construction, the Nuclear Regulatory Commission (NRC) has certi ed two new designs by General Electric- Hitachi: the Gen III Advanced Boiling Water Reactor (ABWR) (1,350-1,600 MW) and the Gen III+ Economically Simplified Boiling Water Reactor (1,520 MW). The ABWR, which is operational in Japan, is the first and only Gen III reactor in operation.
As a major source of baseload power, nuclear energy helps to maintain resource adequacy and ensure reliable electricity as part of a diverse energy portfolio. The estimated average generating cost (capital, fuel, & operating costs) for existing U.S. nuclear plants is $44/MWh. However, due to high capital costs, the levelized cost of generation by new-build nuclear facilities is generally higher than other conventional baseload power sources, with an estimated levelized cost of $92-$132/MWh, as compared to coal ($66-$151/MWh) and gas combined cycle ($61-$87/MWh). The nuclear power industry currently supports over 100,000 jobs nationally.
Learn more about nuclear power and the full scope of advanced energy products and services, at the link below: