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NEI Perspectives on Small Modular Reactors

NEI Perspectives on Small Modular Reactors. September 12, 2016 CREA Energy Innovations Summit Marc Nichol, mrn@nei.org , 202-739-8131. Nuclear Energy’s Solid Value Proposition Safe, Reliable Electricity 24/7 Plus …. Anchors the Local Community: Jobs, Tax Base. Avoids Carbon Emissions.

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NEI Perspectives on Small Modular Reactors

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  1. NEI Perspectives on Small Modular Reactors September 12, 2016 CREA Energy Innovations Summit Marc Nichol, mrn@nei.org, 202-739-8131

  2. Nuclear Energy’s Solid Value PropositionSafe, Reliable Electricity 24/7 Plus … Anchors the Local Community: Jobs, Tax Base Avoids Carbon Emissions Contributes to Fuel and Technology Diversity (Portfolio Value) Provides Clean Air Compliance Value Runs When Needed (Fuel on Site) Provides Price Stability Supports Grid Stability CREA Energy Innovations Summit

  3. Portfolio of Complementary Nuclear Technologies CREA Energy Innovations Summit

  4. Small Modular Reactor Designs NuScale Power Module • Key design features • Smaller source terms • Lower decay heat levels • Eliminates possibility of many types of accident • Largely located below ground • Use of natural circulation for core cooling • Slower accident progression • Leading designs • US: NuScale, mPower, Westinghouse, Holtec • Argentina: CAREM under construction • South Korea: SMART CREA Energy Innovations Summit

  5. Market Potential for SMRs Sources: International Atomic Energy Agency; World Nuclear Association; U.S. Department of Commerce; Energy Information Administration • Domestic • Need 196 GW in new capacity by 2040 • About 126 GW of coal to retire by 2030 • SMRs potential >15 GW by 2040 • International • Growth in nuclear of 624 GW by 2040 • Market size of $500B to $750B over next 10 years • Approximately 5,000 to 10,000 jobs for every $1B in exports CREA Energy Innovations Summit

  6. Challenges Sustained low-price of natural gas Subsidies for solar and wind Electricity market flaws Slow growth in electricity demand First-of-kind challenges CREA Energy Innovations Summit

  7. DOE continues to support SMR development • Ernest Moniz, Secretary of Energy • Licensing Technical Support program (LTS) • 50/50 cost share with industry • $452M authorized for 6 year program starting FY2012 • $89.6M FY2017 funding request • Awards to • mPower, NuScale, TVA, UAMPS • More is needed • Design finalization costs ~$500M • Challenges for first facilities CREA Energy Innovations Summit

  8. SMR Start • Mission • SMR advocacy • SMR commercialization • Members – currently 15 • Potential customers, and vendors investing in SMRs • Chair: Dan Stout, TVA • Vice-Chair: Jamie Mallon, PSEG Nuclear • Policy statement on federal public-private partnerships CREA Energy Innovations Summit

  9. Right-sizing the regulatory requirements • Account for reduced risks • Smaller size and enhanced safety • Progress is being made • Emergency preparedness • Security • Annual Fees • Applications moving forward • TVA, NuScale, UAMPS CREA Energy Innovations Summit

  10. SMR Path Forward Westinghouse SMR HoltecSMR-160 NuScale Power Module mPowerTMReactor Strong political support Clarity on SMR regulatory issues Deployment of first facilities in mid-2020s CREA Energy Innovations Summit

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