As the electric industry moves towards a rebirth of nuclear power one of the more critical decisions will involve choices around the nuclear fuel cycle. These choices will include:
These decisions will have a direct bearing on the four challenges that need to be overcome to include nuclear power as a viable part of the renewable energy portfolio. These include:
There are typically three general reactor-operating models:
The “closed” fuel cycle options certainly extend the supply of nuclear fuel. The viability of the “once-through” option is driven by the amount of uranium available at a reasonable cost. Most industry experts estimate that there is sufficient uranium ore available to fuel over 1,000 reactors over the next 50 years. This suggests that there is well enough time to use the less costly, less risky (in terms of proliferation), and safer “once-through” option. This time period will also allow technology improvements to address the scalability, storage, environmental, and transmission challenges posed by alternative sources of energy.
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