Evaluation of the Optimal Strategies for Reducing the Cost of Nuclear Energy Investments
Keywords:Energy Finance, Nuclear Energy Investment, Cost Management
Effective cost management is of great importance for the sustainability of nuclear reactors. Effective cost management enables nuclear reactors to compete with other energy sources. On the other hand, this may make it attractive to invest in the nuclear energy sector. Effective cost management also enables nuclear reactor projects to optimize their entire life cycle costs. In summary, there is a significant need to identify important actions necessary to optimize costs in nuclear reactors. The purpose of this study is to determine the most critical ways to minimize costs in nuclear power plants. In this scope, an evaluation has been conducted with DEMATEL technique. With the help of these analysis results, it can be possible to generate appropriate strategies for the effective cost management of the nuclear power plants. The findings indicate that technological investments play a key role to provide cost effectiveness of the nuclear power plants. Moreover, financial incentives should also be provided to reach this objective. Nonetheless, small module reactors and social acceptability have lower significance. Therefore, it is recommended that technological investments should be prioritized to increase the efficiency of nuclear power plants and the level of safety. Advanced technologies can provide advantages such as more efficient fuel use, higher energy production and less nuclear waste generation. Moreover, financial incentives provided by the government can play an important role in ensuring the cost-effectiveness of nuclear power plants. Within this framework, the government should offer various financial supports that encourage investment in nuclear power plant projects. These incentives can make it easier for private sector investors to engage in projects and raise capital.
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