Inderscience Publishers

Is nuclear power more competitive producing electricity or hydrogen?

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Courtesy of Inderscience Publishers

Steam methane reforming is the world's dominant hydrogen production technology, using natural gas as both feedstock and fuel, but producing more than 9 kg of CO2 for each kilogram of H2. Natural gas prices between $6 and $8/GJ yield an average hydrogen production cost between $12 and $15/GJ, excluding the cost of CO2. High-temperature gas reactors, e.g. the modular helium reactor, can be configured to produce hydrogen using thermochemical processes with a projected average cost of $15/GJ. Also, spent fuel from modular helium reactors is well suited for very long-term repository storage. However, natural gas prices of $8/GJ make electricity generation from modular helium reactors extremely competitive with respect to combined-cycle gas turbines. Therefore, the modular helium reactor is likely to be more profitable in electricity markets than in hydrogen markets under carbon restriction regimes.

Keywords: carbon dioxide, carbon taxes, electricity economics, gas-cooled reactors, hydrogen production, hydrogen energy, natural gas, nuclear power economics, steam methane reforming, carbon restriction, nuclear energy, high-temperature gas reactors, HTGR, modular helium reactors

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