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Advanced Manufacturing and Materials Engineering Working Group (AMME-WG)
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AMME Workshop on Advanced Manufacturing (Hybrid) 8-9 November 2021
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G4ECONS has been requested by a number of nuclear organizations, including reactor developers, research laboratories and universities. The users of G4ECONS have published their work in conferences and in scientific journals. Some examples of economic assessments of nuclear systems using G4ECONS can be found in the following references.
References: • Kiyoshi Ono et al., “JAEA Sodium Cooled Fast... more
Yes, several of the Generation IV reactor concepts are SMRs, however, not all SMRs are Generation IV.
The International Atomic Energy Agency (IAEA) has developed a suite of economic assessment tools some of which are being updated.
The Nuclear Energy (NESA) Economic Support Tool (NEST) allows the user to perform economic estimates of a reactor technology. In addition to the TCIC and LUEC, NEST models also calculate financial figures of merit such as Return on Investment (ROI) and Net Present V... more
There are other assessment methodologies (e.g. INPRO). The methods are complementary. INPRO assessments can assure that best practices have been considered, and adopted where appropriate, in system design. PR&PP assessments can assure that the system response to PRPP challenges will be acceptable.
PRPP can be performed at the earliest stages of design, and then revisited periodically and detail added as a design progresses and more detail is known.
Economic assessments should be performed throughout the development process.
For initial concepts, a high level economic assessment can show areas with the greatest potential to reduce cost. This information can be used to direct design development. For more developed designs, a detailed cost estimate can be used to demonstrate the economic viability of the design to potential investors and en... more
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Obituary
The EMWG was established with a goal to identify a methodology and toolkit flexible enough to support the analysis of a wide variety of reactor technologies at different stages of development and technical maturity. As such the methodology can be used for any nuclear energy system and is not limited to Generation IV systems.
For capital costs, where sufficient detail exists G4ECONS-V3 allows r... more
Signed in July 2001 by Argentina, Brazil, Canada, France, Japan, Korea, South Africa, United Kingdom and United States. Signed in February 2002 by Switzerland and in July 2003 by Euratom.
