Frazer-Nash Consultancy wins UK contract to model nuclear costs

31 May 2022

Frazer-Nash Consultancy has been awarded a contract by the UK Government’s Department for Business, Energy, and Industrial Strategy (BEIS), to provide nuclear energy generating costs for large and advanced nuclear technologies to support and underpin the UK’s energy strategy, the company said on 23 May.

Multiple options in the power sector need to be explored to determine what electricity generation mix will be needed to reach Net Zero 2050. As part of this, nuclear technologies will have a part to play in supplying reliable baseload power to complement intermittent renewables, with an ambition of up to 24GWe of nuclear capacity by 2050 as part of the new UK energy security strategy.

“In-house modelling is crucial to help BEIS understand the future electricity generation mix, and up to date information for accurate and robust modelling is critical,” said Tom Purnell, Business Manager for Advanced Nuclear Technologies, and Government at Frazer-Nash. “BEIS has asked Frazer-Nash to update nuclear generation costs and technical assumptions to more accurate figures, reflecting the changes in the nuclear policy, market, and technology spaces in recent years. Current assumptions cover only large-scale nuclear power, which will be reviewed through delivery of this project, but these must now include a wider range of nuclear technologies, namely SMRs (small modular reactors) and AMRs (advanced modular reactors).”

He added: “We will be liaising with technology vendors, alongside reviewing wider data sources over the coming months, to provide the necessary evidence base, qualification and commentary required. We hope this work will provide greater confidence and support to the government and broader sector in delivering upon the strategy outlined for new nuclear as part of the British energy security strategy.”

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