Advanced Fuel Cycle Cost Basis Report: Supporting Document 5 Considerations on Learning

Abstract

Learning refers here to the increased experience associated to each new build of a given type of fuel cycle facility, which results generally in design improvements, increased construction and operational efficiencies and reduced mistakes, and therefore in reduced costs. These are important considerations, for example, when modeling transitions from first-of-a-kind (FOAK) to nth-of-a-kind (NOAK) nuclear facilities and deciding the magnitude of the cost reduction (if any) to be applied to each successive build. Different assumptions on learning can significantly affect the results of the economic analyses during transitions. Other competing electricity-generation technologies, such as wind and solar power for example, have demonstrated substantial cost reductions through learning during the last few decades.