[2F01-03] SMR & ALPS Treated Water

[2F01] Consideration on business models of small modular reactor technology companies

Kiyoshi Tsutsui^1,3,4, *Takashi Watanabe^2,3, Kazuaki Sasaki³ (1. Keio Univ. Center of Advanced Research for Human-AI Symbiosis Society, 2. Doshisha Univ., 3. Clean Energy Initiative, 4. Asia Pacific Corporation)

Keywords:small modular reactors, next generation nuclear industry , business model, economics, venture companies

The state has supported the nuclear power industry and controlled its market through taxes and subsidies. Therefore, the development of the market has not been promoted through the formation of a self-sustaining order. If the nuclear industry acquires market functions in the future, nuclear technologies will become a commodity. ROA (real options approach) has been applied to the problem of determining the timing of construction investment for nuclear power plants. ROA requires a business model as a premise for estimating net present value. The conventional model, in which resources and energy become money since the industrial revolution, has been applied. However, the modern society requires 100% clean energy. The cost advantages of nuclear power generation cannot be obtained from the model. The industrial society will be followed by an information society. The nuclear power generation including SMRs will also work as an infrastructure that supports information distribution. We will propose things to consider when forming nuclear venture companies in Japan that will be responsible for the development of SMRs in the future.