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The UK electricity grid is expected to supply a growing electricity demand and also to cope with electricity generation variability as the country pursues a low-carbon future. Molten Salt Reactors (MSRs) could offer a solution to meet this demand thanks to their estimated low capital costs, low operational risk, and promise of reliably dispatchable low-carbon electricity. In the published literature, there is little emphasis placed on estimating or modelling the future impact of MSRs on electricity grids. Previous modelling efforts were limited to quantifying the value of renewable energy sources, energy storage and carbon capture technologies. To date, no study has assessed or modelled MSRs as a competing power generation source for meeting decarbonization targets. Given this gap, the main objective of this paper is to explore the cost benefits for policy makers, consumers, and investors when MSRs are deployed between 2020 and 2050 for electricity generation in the UK. This paper presents results from electricity systems optimization (ESO) modelling of the costs associated with the deployment of 1350 MW e MSRs, from 2025 onwards to 2050, and compares this against a UK grid with no MSR deployment. Results illustrate a minimum economic benefit of £1.25 billion for every reactor installed over this time period. Additionally, an investment benefit occurs for a fleet of these reactors which have a combined net present value (NPV) of £22 billion in 2050 with a payback period of 23 years if electricity is sold competitively to consumers at a price of £60/MWh. [ABSTRACT FROM AUTHOR]

• Detailed sustainability assessment of carbon utilisation processes is crucial. • Potential use of wind energy in transport and power sectors was analysed. • Six countries that vary in grid mixes and gasoline consumption were assessed. • At present, direct use of wind energy to decarbonise the power sector is advisable. Methanol from captured CO 2 provides a more sustainable alternative to gasoline due to its low carbon footprint, yet it requires a large amount of renewable energy that could be used instead to decarbonise the electricity mix. A techno-economic and environmental analysis of methanol produced from captured CO 2 and renewable energy is conducted to shed light on the transportation-power nexus. The investigated scenarios differ in how the carbon-free energy source – electricity from wind – is used to either decarbonise the electricity mix or produce green methanol to displace conventional fossil fuels. The assessment is carried out for six countries that differ in the composition of their electricity mix and gasoline consumption. The results of this holistic assessment show that, at present, decarbonising the electricity grid using renewable energy sources and carbon capture and storage would offer greater environmental benefits, without incurring large changes in direct economic costs, compared to producing methanol from the hydrogenation of captured CO 2. Though this insight might change in the future if the carbon intensity of the mix is reduced and green methanol becomes cheaper, it highlights the need to consider the transportation-power nexus in assessing alternative fuels and thereby prevent shifting of emissions from one sector to another over their life cycle. [ABSTRACT FROM AUTHOR]