1. NEI Perspectives on Small Modular Reactors
September 12, 2016
CREA Energy Innovations Summit
Marc Nichol,

2. Nuclear Energy’s Solid Value Proposition Safe, 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
September 12, 2016
CREA Energy Innovations Summit

3. Portfolio of Complementary Nuclear Technologies
Large Light Water Reactors
~1,000 MWe
Advantages
Use proven technology
Applications
Baseload electricity
Large stable grids
Available: today
Light Water Small Modular Reactors
<300 MWe
Enhanced safety
Incremental addition of capacity
Small to large grids
Secure power source
Locate at retired fossil plants
Available: 2020’s
Non-Water Cooled Reactors
Large or small
Fuel cycle options
Electricity
Industrial input
Isotopes
Hydrogen
Remote locations
Available: mid-2030’s
September 12, 2016
CREA Energy Innovations Summit

4. Small Modular Reactor Designs
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
NuScale Power Module
September 12, 2016
CREA Energy Innovations Summit

5. Market Potential for SMRs
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
Sources: International Atomic Energy Agency; World Nuclear Association; U.S. Department of Commerce; Energy Information Administration
September 12, 2016
CREA Energy Innovations Summit

6. CREA Energy Innovations Summit
Challenges
Sustained low-price of natural gas
Subsidies for solar and wind
Electricity market flaws
Slow growth in electricity demand
First-of-kind challenges
September 12, 2016
CREA Energy Innovations Summit

7. DOE continues to support SMR development
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
Ernest Moniz, Secretary of Energy
September 12, 2016
CREA Energy Innovations Summit

8. CREA Energy Innovations Summit
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
September 12, 2016
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
September 12, 2016
CREA Energy Innovations Summit

10. CREA Energy Innovations Summit
SMR Path Forward
Strong political support
Clarity on SMR regulatory issues
Deployment of first facilities in mid-2020s
Westinghouse SMR
NuScale Power Module
mPowerTM Reactor
Holtec SMR-160
September 12, 2016
CREA Energy Innovations Summit