Micro-Modular Nuclear A global opportunity U-Battery Plant Layout - PowerPoint PPT Presentation

Micro-Modular Nuclear A global opportunity

U-Battery Plant Layout 6 4 8 1 7 2 3 5

Global Applications Initial Strategic Markets Remote Locations Heavy Industry Nuclear Specific Purposes Backup 3

Global Markets Projected U-Battery installations based on relative attractiveness of country markets 2026 2038 4

Canadian Market Opportunity A recent CNL study found that the potential market for off-grid SMRs in Canada consists of over 600 power plants , with a total power demand of 35 GWe . Another important finding was that most of these power plants require an installed capacity of less than 5 MWe . Reference: “Potential Off-Grid Markets for SMRS in Canada”; D. Wojtaszek, (www.doi.org/10.12943/CNR.2017/00007) 5

Demand-Led International Growth Canada – 200+ remote communities, plus heavy industry and mine sites • NORTH Federal commitment to secure low-carbon embedded power • “Hatch” study recommended U-Battery to Federal and Ontario Government • AMERICA Demonstration site offered by Canadian Nuclear Laboratories • • Registration for VDR with Canadian Nuclear Safety Commission Poland – carbon intensive heavy industry • Seeking long-term energy independence • EU • U-Battery identified by Polish authorities as potential solution for industry • Letter of Intent to investigate early deployment Task Force for high-temperature gas reactor development • Export-focused technology, manufacturing & supply chain opportunity • High tech IP, advanced manufacturing facility & jobs • UK Decarbonise energy intensive industry (power & heat) • Global leadership in a new global energy technology sector • • UK vendor Technical cooperation offered by JAEA Japan • Asia Early interest in India • 6

Development Milestones Collaboration agreement with Polish National June 2016 Centre for Nuclear Research November 2016 Master Task Agreement and MoU with Canadian Nuclear Laboratories March 2017 Vendor Design Review started with Canadian Nuclear Safety Commission May 2017 Collaboration agreement with Japan Atomic Energy Agency July 2017 Approval to incorporate by URENCO Board Sept 2017 MoU with Bruce Power 7

Product Breakdown, Detailed Cost Review Confidence FOAK Item Unit Cost (£) FOAK Item Cost (£) Source (s) Discussion (High, Moderate, Low) Item Description Item Quantity GIF/EMWG/2007/004 COST ESTIMATING GUIDELINES 1 1,100,000.00 £ 1,100,000.00 Moderate FOR GENERATION IV NUCLEAR ENERGY SYSTEMS Primary RPV 6 Weights calculated from engineering concept design. Supplier quotes sought – no feedback received. Cost of €65/kg from Delft 1 1,274,091.00 £ 1,274,091.00 Delft study (from SGL Carbon) Moderate study used to calculate overall cost. This figure denotes an entirely graphite core, and graphite reflectors, from the latest core and RPV design. Core Nuclear Graphite (single core load) 1 incl' in above incl' in above Core Structural Graphite (single core load) GIF/EMWG/2007/004 COST Scaling tool within “Cost Estimating Guidelines for Generation IV ESTIMATING GUIDELINES Nuclear Energy Systems” used to calculate CR/CRDM cost for 4 609,783.00 £ 2,439,132.00 Low FOR GENERATION IV four rods, compared to number required for LMFR. Control Rods NUCLEAR ENERGY SYSTEMS 4 incl' in above incl' in above Control Rod Drive Mechanism Overall fuel cost for one load calculated based upon assumptions of: 1) U as U3O8 price of $40/lb. 2) Conversion at $15/kgU. 1 2,671,974.52 £ 2,671,975.00 Urenco Steve Threlfall quote Moderate 3) Enrichment at $100 per SWU. 4) Fabrication at $7,000/kgU to compacts. $3,356,000.00 (£=$1.256 14.11.16) Nuclear Fuel (single core load) Elemental Breakdown of Design & Construction Costs Assumed to be equal in price to one-off Control Rod & Control Operator Training 1 609,783.00 £ 609,783.00 Low Rod Drive Mechanism, as above. Boron ball shutdown system Cost for system assumed to be equal to that of one CR/CRDM. Plant & Certification Closeout Vessel size and weight calculated based upon engineering Commissioning 2% GIF/EMWG/2007/004 COST concept design, and initial sizing. Drawings available. 1% Regulatory Fees ESTIMATING GUIDELINES Cost Figure provided by Cammell Laird. Corroborating figures 1 2,400,000.00 £ 2,400,000.00 Moderate FOR GENERATION IV 5% from scaling tools. 5% NUCLEAR ENERGY SYSTEMS System Intermediate Heat Exchanger Vessel Commissioning £ 3,000,000.00 Howden expression of interest 1 3,000,000.00 Moderate Quote from Howdens, based upon specifications determined letter 25/2 Primary Gas Circulator using U-Battery Thermodynamic Cycle tool. 3% Design and DOE/NETL-2002/1169, Process U-Battery Thermodynamic Cycle tool used to determine thermal Site Installation 2 1,102,722.00 £ 2,205,444.00 Equipment Cost Estimation Low duty. Heat exchanger thermally sized using Heat Transfer Engineering Secondary Recuperator Final Report, Jan 2002 Research Inc’s (HTRI) shell-and-tube exchanger sizing software, to derive surface area. 10% DOE/NETL-2002/1169, Process The Department of Energy’s “Process Equipment Cost 30% 1 237,654.00 £ 237,654.00 Equipment Cost Estimation Moderate Estimation” report, January 2002 used then to derive unit cost, Pre-Cooler Final Report, Jan 2002 with RPI and exchange rate assessed. DOE/NETL-2002/1169, Process Civil Construction 1 166,095.00 £ 166,095.00 Equipment Cost Estimation Moderate Final Report, Jan 2002 Inter-Cooler 7% £ 2,000,000.00 Siemens meeting, February Specifications determined using U-Battery Thermodynamic 1 2,000,000.00 Moderate Power Generation Turbine 2016 Cycle tool, and provided to Siemens during supplier meeting, who provided a total procurement cost of £2m. Alternative quotes of £4m and £8m are available for turbines of a Compressor 1 1 Inc. in above slightly larger size, which provide corroboration for this figure. Compressor 2 1 Inc. in above Compressor 3 1 Inc. in above 1 Inc. in above Alternator Start-Up Motor 1 Inc. in above Power Electronics 1 Inc. in above Procurement 37% 8

U-Battery Technology Benchmark Source: BEIS Report - Electricity Generation Costs - Nov2016 (https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/566567/BEIS_Electricity_Generation_Cost_Report.pdf) 9

UK Innovation, Global Potential INNOVATIVE TECHNOLOGY Micro-modular nuclear reactor – local off-grid power and heat • • Distinct from Small Modular Reactors – smaller size and different end user needs • Targeted at global markets – energy intensive industries and remote communities Simple, low-risk design – proven technology and inherently safe design based on TRISO fuel • Competitive cost – cost of development and levelised cost of delivered energy • Real market demand – market pull in strategic markets • • Builds on generic commitments BEIS is making – modular manufacture, materials-testing and advanced manufacturing, thermal hydraulics, advanced fuels. OPPORTUNITY IP development, supply chain, advanced manufacturing and fuel supply - led by UK companies • High value export product for strategic global markets • International Collaboration – Nuclear and manufacturing technology, COP 21, Mission Innovation • 10

Low Cost Low Risk Delivering