The Monte Carlo approach to the economics of a DEMO-like power plant

Chiara Bustreo, Tommaso Bolzonella, Giuseppe Zollino

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Abstract

An early assessment of the economics of a fusion power plant is a key step to ensure the technology viability in a future global energy system. The FRESCO code is here used to generate the technical, physical and economic model of a steady state DEMO-like power plant whose features are taken from the current European research activities on the DEMO design definition. The Monte Carlo method is used to perform stochastic analyses in order to assess the weight on the cost of electricity of uncertainties on technical and economical aspects. This study demonstrates that a stochastic approach offers a much better perspective over the spectrum of values that could be expected for the cost of electricity from fusion. Specifically, this analysis proves that the cost of electricity of the DEMO-like power plant studied could vary in quite large range, from nearly 2/3 to nearly 4 times the cost derived through a deterministic approach, by choosing reference values for all the stochastic parameters, taken from the literature.
Original languageEnglish
Pages (from-to)2108 - 2111
Number of pages4
JournalFusion Engineering and Design
Volume98-99
DOIs
Publication statusPublished - 1 Oct 2015
Externally publishedYes

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All Science Journal Classification (ASJC) codes

  • Civil and Structural Engineering
  • Materials Science(all)
  • Nuclear Energy and Engineering
  • Mechanical Engineering

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