An Economic Analysis of Select Fuel Cycles Using the Steady-State Analysis Model for Advanced Fuel Cycles Schemes (SMAFS)

This report evaluates the relative economics of alternative fuel cycles compared to the current
U.S. once-through fuel cycle, including concepts under consideration by the U.S. Department of
Energy’s (DOE) Global Nuclear Energy Partnership (GNEP). EPRI utilized a model developed
by the Nuclear Energy Agency (NEA), Steady-state analysis Model for Advanced Fuel Cycle
Schemes (SMAFS), to evaluate fuel cycle alternatives. The report also evaluates potential
financing options for a fuel recycling facility. Please note that this report contains preliminary
results from exercising the SMAFS code.

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