EY Report on Small Modular Reactors in Italy Highlights Energy Cost Benefits
A 100 MW small modular reactor could produce over 700,000 MWh annually at competitive costs, aiding Italy's energy transition. Long-term contracts and established industrial frameworks are essential for maximizing benefits and reducing fossil fuel reliance.
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A recently released EY study estimates that a 100 MW small modular reactor (SMR) could generate more than 700,000 MWh per year, potentially covering the electricity needs of a city with 150,000 residents. The reactor could operate for at least 25 years with an average production cost of around €107 per MWh, compared to wholesale electricity prices in Italy ranging from €94 to €150 per MWh during 2025-2026.
To unlock the full potential of this technology, EY emphasizes the necessity for long-term supply contracts, standardized construction to lower costs and timelines, and a clear waste management strategy. Transitioning to mass production could cut costs by up to 70%, aligning with European initiatives for modular reactors.
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