mfb said:
Your costing group hasn't compared dams with nuclear power plants.
Quite right, I work in neither a dam building company or a nuclear power reactor company.
I do however work in a field that makes power plants at an industrial scale, these are actually fairly complicated vs the power they make. Collectively as an industry we have power plant costs down to about $12/kw (you might notice this is about 400x cheaper than projected SMR costs).
The whole final product with many bells and whistles not even remotely related directly to making power comes to a retail cost of about $250/kw, retail! incl profit margins for re-sellers! Yet still somehow 15x cheaper than SMR.
I would say complexity per kw here is higher here than for nuclear. Then the complexity argument is actually a bit disingenuous, complexity itself does not directly translate to costs, what you might consider complex, when viewed by a good process engineer, might turn out to be really simple to reproduce. Take the humble photograph, highly detailed and complicated images are possible, yet somehow a printing press can make a copy in a fraction of a second. Or by extension a micro processor, millions of transistors, highly complicated, yet built by what is essentially a fancy screen printer. Our PCBs have 1000+ components, takes a tech about a week to hand assemble one board, yet one instance of capital gets you a line that makes a new board every 26 seconds, 18hrs a day, 365days a year. The capital and operating cost of that line add about 60 cents cost to that board, vs 25EUR purchase parts cost (components, PCB, solder, line sundries).
I stand by the fact that done right, nuclear power should be the single cheapest form of power production if we stop being chicken and
properly industrialize.