Our analyses have demonstrated that a cost savings of 25% can justify significant investment for many sites.” “These tools enable plants to develop the modernization strategy that is right for them-and that can make them competitive. “Stakeholders across the nuclear industry agree that plants may not survive unless they modernize,” said EPRI Senior Program Manager Rob Austin.
The tools are comprehensive and can guide users through developing a modernization strategy, identifying a potential suite of improvements, conducting business case studies on proposed improvements, making decisions based on the business case results, deploying improvements, and tracking the benefits. Should a plant embark on a large-scale program with improvements throughout the site that fundamentally alter the facility’s operations and maintenance? Or should a plant pursue a more limited program with focused improvements that address the most significant inefficiencies and the systems in most urgent need of repair? Or focus on a minimal program that upgrades only components and systems at the end of their lifetimes?ĮPRI’s Plant Modernization Toolbox helps plants answer these questions.
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Now, plant operators need to figure out how to modernize each facility in a way that reflects its unique features and circumstances. If successful, modernization can enable nuclear plants to continue providing carbon-free energy and contribute to cost-effective, reliable decarbonization efforts around the world. Utilities and policy makers view modernizing plants with updated processes and digital technologies as a promising path to make nuclear energy more economically competitive with other generation technologies.
and Lenox, Mass.With increasing renewable energy deployment, low-cost natural gas, and low electric load growth, nuclear power plants across the world face significant pressure to reduce costs.
EPRI's principal offices and laboratories are located in Palo Alto, Calif. EPRI's members represent approximately 90 percent of the electricity generated and delivered in the United States, and international participation extends to more than 30 countries. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, affordability, health, safety and the environment. (EPRI, conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. The Electric Power Research Institute, Inc. Led by EPRI, ESIC is a collaborative, technical group of more than 200 entities that includes utilities, energy storage suppliers, and other interested stakeholders, who share a goal of developing energy projects that are safe, reliable, and cost-effective.įor more information about ESIC, including publications, projects, and enrollment information, visit About EPRI: "This tool will provide accurate and transparent costs associated with utility-scale storage on the front end of the process so that there's no buyer's remorse on the back end." "Energy storage is an important resource for optimizing the grid of the future," said Ben Kaun, manager of ESIC at EPRI.
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