Examination of the use of the breeder reactor to enhance security of energy supply. Final report

Early commercialization of the breeder reactor has been justified in terms of its promise for lessening a nation's dependence on imported uranium. The relationship between breeder timing (assuming a vigorous but not instantaneous breeder penetration rate) and the reduction in uranium requirements is examined using Japan as an example. Comparing early and delayed breeder introductions (2006 and 2026 respectively in the high growth projections), the difference in cumulative uranium requirements is slight through the year 2045; for both scenarious, annual requirements remain high. The early breeder introduction strategy is more attractive when it incorporates a 30 percent improved LWR. However, given the unlikelihood of sufficient funding for the development of both designs, the optimal strategy for Japan is stockpiling uranium for an improved LWR and delaying introduction of the breeder.