The costs for first-of-a kind small modular reactor (SMR) projects at coal sites in the US may not initially seem comparable to those of wind, solar and natural gas, but could become so when federal and state support is taken into account, a report says.
The report* says support for SMRs could include tax credits, loan guarantees and power purchase agreements.
It says that a study on the economics of SMRs finds that the lowest levelised cost of electricity (LCOE) for SMRS with government support is around $48.4/MWh for investor-owned utilities and $43.4/MWh for municipal utilities.
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