FRESCO, a simplified code for cost analysis of fusion power plants

•FRESCO is a code for rapid evaluation of the cost of electricity of a fusion power plant.•Parameters of the basic machine and unitary costs of components derived from ITER.•Power production components and plant power balance are extrapolated from PPCS.•A special effort is made in the investigation of the pulsed operation scenarios.•Technical and economical FRESCO results are compared with those of two PPCS models.

FRESCO (Fusion REactor Simplified COsts) is a code based on simplified models of physics, engineering and economical aspects of a TOKAMAK-like pulsed or steady-state fusion power plant. The experience coming from various aspects of ITER design, including selection of materials and operating scenarios, is exploited as much as possible.Energy production and plant power balance, including the recirculation requirements, are derived from two models of the PPCS European study, the helium cooled lithium/lead blanket model reactor (model AB) and the helium cooled ceramic one (model B). A detailed study of the availability of the power plant due, among others, to the replacement of plasma facing components, is also included in the code.The economics of the fusion power plant is evaluated through the levelized cost approach. Costs of the basic components are scaled from the corresponding values of the ITER project, the ARIES studies and SCAN model. The costs of plant auxiliaries, including those of the magnetic and electric systems, tritium plants, instrumentation, buildings and thermal energy storage if any, are recovered from ITER values and from those of other power plants.Finally, the PPCS models AB and B are simulated and the main results are reported in this paper.