Integrated Operations for Nuclear Business Operation Model Analysis and Industry Validation

The purpose of this report is to refine and analyze five work reduction opportunities first presented in INL/EXT-21-64134, Process for Significant Nuclear Work Function Innovation Based on Integrated Operations Concepts. This report seeks to further refine and analyze five work reduction opportunities first presented in the original report. Researchers selected five work reduction opportunities from the full Integrated Operations for Nuclear (ION) suite. A selected group of utilities then verified details and inputs from the original report. Categories for verification included capital cost, technology requirements, and savings. Researchers then modeled the data points and data ranges using probabilistic analysis which predicts the likelihood of positive or negative net present value. Research results show four out of the five work reduction opportunities have a greater than fifty percent chance of a positive net present value outcome when analyzed independently. When the five work reduction opportunities are grouped and analyzed together the model indicates a sixty percent chance that the outcome of all five taken together will be positive. The nuclear industry should interpret these results as encouraging. In line with the ION model, positive financial analysis supports the investment of capital dollars into existing nuclear power plants along the ION model. Implementation of the five work reduction opportunities in this report is likely to result in substantive long-term savings for the owners and operators of domestic nuclear power plants.