Abstract
Nuclear power has been an important part of the US electricity system since the 1950s and continues to be a major source of low-carbon electricity today. Despite having low emissions, high grid reliability, and an excellent track record of safety, nuclear power also demands significant time and upfront capital to deploy, can struggle to compete economically with other generation sources, has intrinsic proliferation risk by relying on fissile material for fuel, and generates radioactive waste for which there are currently no disposal sites. Given the emissions and energy security benefits of having nuclear as part of the energy mix, advanced nuclear technologies have garnered significant interest and investment in recent years. Advanced reactor designs differ from the current operating fleet and have several potential advantages, including lower cost, faster construction, smaller size, inherent safety features, and lower waste yields. Yet, many challenges related to their deployment remain, and overcoming them will dictate whether or not new nuclear technologies become a material element of the future energy infrastructure. This article synthesizes the opportunities and barriers to deploying advanced nuclear reactors and their associated fuel cycles as described in two National Academies consensus reports. It highlights the consensus recommendations that could allow these new technologies to reach commercial success as part of a long-term decarbonization strategy.