Finnish utility Fortum and the Massachusetts Institute of Technology (MIT) are cooperating on a project to create an open source tool for the techno-economic modelling of small modular reactor (SMR) projects.
Fortum, which owns and operates the Loviisa nuclear power station in Finland, said that through the modelling work and the analysis of results, “we hope the project will generate greater understanding of SMR projects and characteristics”.
Current SMR designs feature innovations in manufacturing, siting and construction. Gaining a more in-depth understanding of these features and determining which are the most important will be critical in ensuring the feasibility and success of SMR projects, Fortum said.
…