Nuclear
Deep expertise across nuclear plants
Nuclear energy remains an important power generation source that can provide emission-free power at a large scale. Nuclear power provided 20% of the total generation and 53% of the emission-free generation in the United States in 2019 and 10% of the total generation and 29% of the emission-free generation worldwide in 2017. However, new nuclear power plants face both economic and regulatory obstacles. Small modular reactors (SMRs) are promising because they require lower initial capital investment, have greater siting flexibility, and some advanced designs as well as modern/passive safety systems that could serve applications and sectors beyond power generation. SMRs have the potential to be widely deployed in North America and across the globe if they can achieve their regulatory and economic targets.
Lummus Consultants has hands-on experience in nuclear power plant design, construction and operation, as a technical advisor for nuclear refinancing and as a business planning advisor for advanced reactor and SMR companies. As a technical advisor, we review key aspects of plant design, condition, licensing status, results of Institute of Nuclear Power Operators (INPO) evaluations, current and projected performance, current and projected expenditures for fuel, operations and maintenance, and capital improvements.
Our business planning and due diligence efforts have included prefeasibility and application studies of international nuclear power plants, a project comprising assessments of nuclear island technologies, international supply chain issues, nuclear licensing, siting requirements, potential integration with industrial cogeneration and desalination options, cost estimates, schedules, major agreements, project risk assessment, financing approaches, and life cycle project economics. Our experience with conventional, advanced and SMR technologies in both the development and implementation phases makes us the ideal technical advisor for nuclear energy projects.
Capabilities across the value stream
Lummus Consultants has played a key role in the development and financing of energy storage projects, with technologies that range from hydro-pumped storage to BESS and compressed air storage. Our project experience includes numerous battery energy storage designs and technologies, and our experts stay up to date on the advancement of BESS technology through BESS packagers and original equipment manufacturers.
Our consultants are well versed in all aspects of a battery storage projects, including battery storage procurement, EPC contract terms, performance, the effects of battery degradation and augmentation 2 approach, the cost to support long-term reliable operation, fire prevention system requirements, permitting, and integration of the BESS to the grid or local off taker.
As an integral part of the project advisory team, we work to confirm that BESS project technical, commercial and environmental risks are appropriately identified and mitigated, a critical element to project development and securing project financing. We have provided technical advisory services to clients in the evaluation of acquiring BESS portfolios as well as project financing technical due diligence services for new construction of facilities up to 250 MW.
Support to help support your battery storage project needs
Properly assessing battery storage technology and solutions requires a combination of technical expertise with battery technologies and power project experience. BESS projects and applications come with unique challenges and business goals. Our experts effectively identify project risks and assess mitigation measures as well as identify possible opportunities in this growing technology area.
Our energy storage experience is both deep and broad, including serving as an advisor for the construction of what will be one of the largest installed BESS projects in the world. No matter the size or complexity of your project, our experts bring valuable insight and expertise.
Comprehensive services across the project cycle
Toward net zero
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What is your nuclear challenge?
Lummus Consultants.