Published September 1, 2003 | Version v1
Journal article

Innovation in Nuclear Technology for the Least Product Price and Cost

Description

In energy markets, costs dominate for all new technology introductions (pressure valves, gas turbines, reactors) both now and far into the future. Technology improves, and costs are reduced as markets are penetrated with the trend following a learning/experience curve (MCE) based on classic economic forces. The curve followed is governed by development costs and market targets, and nuclear systems follow such a curve in order to compete with other technologies and projected future cost for alternate energy initiatives. Funding impacts directly on market penetration and on the ''learning rate.'' The CANDU/AECL development path (experience curve) is a chosen balance between evolution and revolution for a competitive advantage

Additional details

Publishing Information

Journal Title
Nuclear Plant Journal
Journal Volume
21
Journal Issue
5
Journal Page Range
p. 25-28
ISSN
0892-2055

Optional Information

Notes
Excerpt from paper presented at the 24th Annual Conf. of the Canadian Nuclear Society
Funding organization
Atomic Energy of Canada, Limited (United States)