The Economics Modeling Working Group has upgraded existing nuclear-economic models, developed new ones where needed, addressing each of the following five economic areas: Capital/Production Cost Model (or Cost Model), Nuclear Fuel Cycle Model (or Fuel Model), Optimal Scale Model, and an Energy Products Model. Those five models have been integrated to provide a global economic assessment tool called G4Econs. This Integrated Nuclear Energy Economics Modelling tool, combining all of the nuclear-economic models described above, provides a robust tool for economic optimisation during the viability and performance phases of the Generation IV project.
Together with the guidelines “Cost Estimating Guidelines for Generation IV Nuclear Energy Systems”, G4Econs can facilitate consistent, comprehensible cost estimates for evaluation of the Generation IV Nuclear Energy Systems with respect to the established economic goals.
Contact the Technical Secretariat to obtain the G4Econs software.