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One is regulatory. At least in the US, every nuclear reactor that produces at least 100 MW needs to carry a 375 million dollar insurance policy at minimum. Under 100 MW there is an alternate schedule that ranges from 5 million to 75 million scaling based on output. But the net result is that it's still more profitable to built a single large reactor, since a 1 GW reactor is less to insure than 10 100 MW reactors. This is written into law, it would require Congress to change it.

Second is that nuclear reactor efficiency tends to improve with size. The ratio of thermal watts to electric watts tends to be better with large reactors. I'm not super well versed on the engineering tradeoffs here by my rough understanding is that waste heat scales with surface area while useful energy extraction scales with volume.

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In the grand scheme of things, that doesn't seem to be too expensive. According to the NRC, insurance is per site, and additional reactors on a site don't increase the insurance nearly as much as the first. The example they give is $1.1 million annual premium for a $500 million policy, with multi-reactor sites going up to $1.5 million. They also mention property insurance ($1.06 billion policy) and they didn't discuss the premiums on that, but as it's not liability insurance it's probably cheaper.

The big costs are still going to be the cost of siting and building the reactor, the fuel, and the ongoing cost of running it. They pay off over a very long time horizon, so it's also the opportunity cost.

https://www.nrc.gov/reading-rm/doc-collections/fact-sheets/n...

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