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Marion Rae

Steeper cost of small reactors a blow to nuclear push

Australia CSIRO GenCost

A surge in the cost of small nuclear reactors has forced the national science agency to change its calculations for Australia.

The latest modelling of all energy sources, released by CSIRO on Thursday, includes data from a recently scrapped project in the United States showcasing nuclear small modular reactors (SMRs) as a way to fight climate change.

The draft GenCost 2023-24 report, out for consultation over summer, shows while inflation pressures are easing there has been a recalculation on SMRs that puts them out of reach.

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