Renewable energy technologies dominate the headlines but nuclear is starting to have a resurgence in interest due to the advent of SMR technology. Jack Colreavy, CFA dives into the proposed risks and benefits of SMR technology in the most recent ABSI.
The topic of nuclear energy as part of the energy mix in the future is a very polarizing debate. Now detractors will point to safety concerns, the fact it isn't truly renewable energy, and the cost as some of the major hurdles for why we shouldn't be using it. The advent of small, uh, Modular reactors, though, is what proponents are pointing to as the future of nuclear energy.
Now, SMRs are much more flexible because they're a lot smaller, they're designed with the latest safety features, and it becomes a more cost effective mechanism than traditional large scale reactors. Now, there was some big news last week with U. S. based nuclear SMR company Last Energy announcing four purchase power agreements.
across 34 reactors, totaling 18. 9 billion in revenue. Now, this is exciting news for SMR proponents. However, each of the 20 megawatt reactors come with a hundred million pound price tag. So that works out to be roughly 5, 000 pounds per kilowatt before fuel cross. For comparison, utility scale, solar. Costs 800, 000 pounds per kilowatt or roughly 500 percent less than nuclear.
So there are still some economic hurdles with the technology. However, with the need for base load power, when the sun isn't shining and the wind isn't blowing, nuclear could be the solution. To learn more, please subscribe to as Barclay sees it by clicking the link in the description.
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Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.
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Tel: +61 2 8288 6900
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Barclay Pearce Capital Management Pty Ltd ACN 619 189 847 | AFSL: 503261
Barclay Pearce Capital Investment | ACN: 667 428 480 | CAR: 1303113
Barclay Pearce Capital Asset Management | ACN: 661 805 250 | CAR: 1302665
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Barclay Pearce Capital | ACN: 671 103 254
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© 2024 Barclay Pearce Capital - BPC | All Rights Reserved
Disclaimer:
Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.
Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.