AUSTRALIA

Nuclear the answer

DOZENS of small, modular nuclear reactors will be dotted around Australia by 2030, a world energy...

Engineers Australia nuclear engineering panel chair Tony Irwin said nuclear power was back on the table.

"Small modular reactors could really be a game-changer for Australia [as] they are particularly suitable for remote areas and small transmission grids," he said.

Irwin spent 30 years in the UK operating large-scale nuclear plants before joining the Australian Nuclear Science and Technology Organisation.

He is talking at the All-Energy Australia conference next week about nuclear energy, with SMRs "economically commensurate" with other energy generation technologies.

In fact, the Australian energy technology assessment conducted by the Bureau of Resources and Energy Economics last year found nuclear was the lowest cost baseload low emissions technology.

"They cost about $5 million per megawatt installed, with a typical plant about 100 megawatts, so that equates to an outlay of half a billion dollars in today's terms," Irwin said.

Australia should be in a position to build small nuclear power stations by 2020, just as it will be looking for new electricity generation.

Irwin singled out Olympic Dam in South Australia as a perfect site for one of the readily transportable modular nuclear power plants.

"There are also a lot of other places at the edge of the grid in rural and remote Australia that need energy support," he noted.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry