Business case analysis of Small Modular Reactors (SMR) for DoD assured power
Asch, Jeffrey J.
Brant, Gregory F.
Smith, Craig F.
Albright, Thomas L.
MetadataShow full item record
Energy security through the establishment of microgrids is a national security issue that has garnered much research since the turn of the 21st century. Small modular nuclear reactors (SMRs) can be a viable option for Department of Defense (DOD) investment to further establish a microgrid concept for military installations. Such an application could enhance the benefits of a dedicated microgrid by providing assured power over unexpectedly long periods of disruption to external sources, and could also help stabilize the microgrid to better accommodate intermittent renewable energy sources. This study analyzes the business case for investment in SMR technology for energy security. Looking at the explicit costs and benefits of the investment using net present value (NPV) metrics can inform a policy maker's decision to invest in a project. Our analysis indicates the DOD should not invest in SMRs at this time. The technology lacks proof of concept and carries the risks associated with being an initial investor. The DOD should continue to pursue microgrid initiatives and keep SMRs under consideration while allowing private industry to further advance SMR technology.
Approved for public release; distribution is unlimited
Showing items related by title, author, creator and subject.
A Cost-Benefit Analysis of Smart Power Infrastructure Demonstration for Energy Reliability and Security (SPIDERS) Leewright, Corey K. (Monterey, California. Naval Postgraduate School, 2012-09);The Cost Benefit Analysis of the Smart Power Infrastructure Demonstration for Energy Reliability and Security (SPIDERS) at the Waste Water Treatment Plant (WWTP) located on Hickam AFB is a comprehensive analysis of the ...
Real Options Analysis for Acquisition of New Technology: A Case Study of Korea K2 Tank's Powerpack Kim, Sungchul; Giachetti, Ronald; Park, Sangsung (MDPI, 2018);For sustainable defense management, it is essential to acquire weapons systems that can adapt to future uncertain threats and, at the same time, to invest efficiently with limited budgets. Economic analysis is used to ...
Czumak, Christopher J.; Woodside, J. Christian (Monterey, California: Naval Postgraduate School, 2014-12);The purpose of this thesis is to examine feasible microgrid and on-site energy generation options to provide power infrastructure resiliency aboard Production Plant Barstow (PPB), such that the site has suitable standalone ...