Technical Meeting on the Economic Analysis of High Temperature Gas Cooled Reactors and Small and Medium Sized Reactors (I3-TM-50156)

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Technical Meeting on the Economic Analysis of High Temperature Gas Cooled Reactors and Small and Medium Sized Reactors (I3-TM-50156) 25-28 August 2015 IAEA Headquarters Vienna, Austria Room M6

1 Technical Meeting on the Economic Analysis of High Temperature Gas Cooled Reactors and Small and Medium Sized Reactors (I3-TM-50156) August 2015 IAEA Headquarters Vienna, Austria Room M6 ackground Many Member States are preparing to introduce a nuclear power programme or to expand their existing one, and are considering the available advanced reactor technologies, including their design features, constructability, operability and performance. The IAEA continues to encourage the technology development and deployment of high temperature gas cooled reactors (HTGR) and small and mediumsized reactors (SMRs) as part of its activities in the Nuclear Power Technology Development Section. Programmatically, the IAEA classified small reactors are reactors with an equivalent electric power of less than 300 MW(e) and medium sized reactors are reactors with an equivalent electric power of between 300 and 700 MW(e). In the last decade, however, the activities have focused on the global technology development of small modular reactors, defined as advanced reactors that produce power up to 300 MW(e), designed to be built in factories and shipped to utilities for installation as demand arises. These include modular HTGRs, integral PWR SMRs, floating NPP and other different reactor technologies under development and construction in member states today. SMRs have the specific characteristic to match the spiralling energy demand by adding incremental capacity with moderate financial commitment for countries or regions with smaller electricity grids. The technology also aims for significant cost reduction through modularization, which further improves construction schedule. With lower up-front capital cost, SMRs will offer better affordability for developing countries. In the area of wider applications of nuclear power plants, SMR designs and sizes are better suited for partial or full dedicated use in non-electrical applications such as heat for industrial processes that will result in significantly improved thermal efficiency that translates into better return on investment. The use of heat for district heating and sea-water desalination, and ultimately for hydrogen production can also influence the economic viability of SMR deployment. HTGRs have attracted worldwide interest because of their high outlet temperatures, which allow increased efficiencies in electricity production and to be used for cogeneration with high temperature process heat applications. The large scale near term deployment of these advanced reactor technologies depends on multiple factors, including the anticipated success of those SMRs currently under construction and in pre-project engineering in several member states, the effectiveness of the licensing frameworks, enhanced safety, and economic competitiveness against available alternatives. IAEA I3-TM Revision 1: 21 August 2015 Page 1 of 7

2 Purpose The purpose of this meeting is the exchange of knowledge on the economic analysis of SMRs. Contributions are expected from organizations to present their HTGR / SMR designs, the economic models used and cost estimations methods and outcomes. Furthermore researchers and practitioners can represent methodologies and tools applicable to economic evaluations and cost estimations of SMRs. Specific emphasis will be given to the economic aspects relevant to small modular power plants. A nonexcessive list of possible topics includes: greater simplicity of design, economy of mass production, reduced siting cost, passive or inherent safety that requires fewer expensive safety systems, savings in grid infrastructure and distribution cost / losses, initial reduced capital costs and increase potential to finance (more companies can afford it on their balance sheet), savings possible due to shorter construction times and series construction (incremental increase in supply / adding to the grid as needed); cost of licensing, shorter manufacturing lead times, cost reduction due to more potential suppliers (competition), how to cost / price process heat, methodologies and tools to perform cost / economic analysis, nuclear risk premium (on capital cost), overcoming the economics of scale, effect of different financing models, etc. Opportunity will also be given for discussion and identifying the needs of especially new-comer member states as they plan to deploy nuclear power plants in their respective countries. The expected outcomes include that the workshop participants will have a technical understanding that enables the identification of methodologies and tools, together with the important factors that is needed and used for HTGR / SMR cost and economic analysis, have updated knowledge of the reactor designs, costs and technology available for near term deployment, and an increased capability in using economic studies as part of nuclear reactor technology assessment. IAEA I3-TM Revision 1: 21 August 2015 Page 2 of 7

3 AGENDA Room M6 Day 1: Tuesday 25 August :30 Opening and Welcoming Address Welcoming Remarks Jon Phillips Acting DIR-NENP Introduction of chairpersons for the meeting: Frederik Reitsma Nadira arkatullah and DONG Yujie Self-Introduction of Participants All Agenda and program Frederik Reitsma 10:00 Session I: Overview of activities at the IAEA 10:00 Status of SMRs and IAEA activities Hadid Subki 10:30 HTGRs: Technology overview and related IAEA activities Frederik Reitsma 11:00 Coffee break 11:30 Session continues 11:30 Indicators for SMR Deployment in Embarking Countries David Shropshire 12:00 12:40 Lunch The economic case for nuclear cogeneration: Opportunities related to SMR and high temperature applications 14:00 Session II: Reactor Technology, Designs and Economic Analysis I Thomas Alfstad 14:00 Technologies of HTR-PM Plant and its economic potential DONG Yujie 14:40 JAEA latest reactor design (GTHTR300) and its economic analysis Shoji TAKADA 15:10 The HTMR-100 technology and economic case Trevor lench 16:00 Coffee break 16:30 Session continues 16:30 Status of the NGNP Industrial Alliance work and the business plan economics (and the world heat market) Alexandre redimas 17:10 Present status of R&D using HTTR Shoji TAKADA 17:35 Discussion and Questions 17:50 Adjourn for the day 18:00 Hospitality event (VIC restaurant area) IAEA I3-TM Revision 1: 21 August 2015 Page 3 of 7

4 Day 2: Wednesday 26 August :00 Session III: Reactor Technology, Designs and Economic Analysis II 09:00 NuScale Power SMR Simple, Safe, Economic Jay Surina 10:00 ACP100 technical and economic aspects SONG Danrong 10:30 Coffee reak 11:00 Session Continues 11:00 OECD/NEA Project on the Role and Economics of Nuclear Cogeneration in a Low Carbon Energy Future Jae Man Noh 11:30 The GIF Economics Modelling Working Group David Shropshire 12:00 Lunch 13:30 Session IV: Economic Analysis (Fundamentals, Methods and other Aspects) 13:30 Economic Models and SMRs Nadira arkatullah 14:15 Economics and strategic aspects of SMR & Sample of Results Giorgio Locatelli 15:30 Coffee reak 16:00 Session Continues 16:00 Investment and Financing Aspects to SMR Nadira arkatullah 16:45 Cost-time project performance in megaprojects in general and nuclear in particular 17:30 Adjourn for the day Giorgio Locatelli Day 3: Thursday 27 August :00 Session V: Economical Analysis: Member State Studies 09:00 09:30 Experience of Thailand in Economic Analysis of Nuclear Power Plants - with Focus on Small Modular Reactors. Energy Economic Evaluation of Industrial Heat and Power Supply Systems - HTGR versus Solar Tower (first approach) Kampanart Silva Sarah Schröders 10:00 Forecast Cost Assessment for HTGR RPVs for Andrii Odeychuk 10:25 Perspectives on Polish involvement in development of nuclear cogeneration: HTR-PL and NC2I 10:40 Coffee reak Anna Przybyszewska IAEA I3-TM Revision 1: 21 August 2015 Page 4 of 7

5 11:10 Session Continues 11:10 Small and Medium Reactor for Indonesia Electricity System: How to Compete Against The Challengers Elok Satiti Amitayani 11:40 High Temperature Gas-Cooled Reactor as a part of Power Economics Andrey alanin 11:55 NC2I: First conclusions on HTR economics Denis Janin 12:30 reak-out Session Preparation 12:30 Instructions for Afternoon reak-out Session 12:40 Lunch 14:00 reak-out Session and workshop on specific topics Division into two groups for discussions Group A: Economic case for the application of HTGR technology for cogeneration Facilitators: Yujie Dong and Giorgio Locatelli Meeting Room M7 Group : SMR economic models and competiveness Facilitators: Nadira arkatullah and Jay Surina Meeting Room M6 15:30 Coffee reak 16:00 Session Continues 17:30 Adjourn for the day Day 4: Friday 28 August :00 Session VI: Feedback from reak-out Discussions 09:00 Presentation of Topic A and discussion Yujie Dong and Giorgio Locatelli 09:30 Presentation of Topic and discussion Nadira arkatullah and Jay Surina 10:00 Proposals for actions / topics for future activities from reak-out Sessions 10:30 Coffee reak 11:00 Session Continues Summary of meeting and outcomes Further actions 13:00 Closure of meeting IAEA I3-TM Revision 1: 21 August 2015 Page 5 of 7

6 List of Participants: # Participant Country / Institution / Group 1 Ms Nadira arkatullah Australia / nbarkatullah@gmail.com 2 Mr Yujie DONG China / INET / dongyj@mail.tsinghua.edu.cn A 3 Mr Danrong Song China / CNNC-NPIC / songdr@npic.ac.cn 4 Mr Alexandre France / UltraSafe-Nulear / abredimas@ultrasafe-nuclear.com A redimas 5 Mr Denis Janin Germany / E.ON Kernkraft GmbH / denis.janin@eon-energie.com A 6 Ms Sarah Schröders Germany / RWTH-Aachen University / schroeders@lrst.rwth-aachen.de A 7 Ms. Elok Satiti Indonesia / ATAN / eloksa@batan.go.id A Amitayani 8 Mr Shoji Takada Japan / Japan Atomic Energy Agency / Takada.shoji@jaea.go.jp A 9 Mr Syed Ali Nasr Pakistan / Pakistan Atomic Energy Commission (PAEC) / alinasr@paec.gov.pk 10 Ms Anna Poland / National Center for Nuclear Research (NCJ)/ A Przybyszewska Anna.Przybyszewska@ncbj.gov.pl 11 Mr Andrey alanin Russian Federation, NRC "Kurchatov Institute", alanin_al@nrcki.ru 12 Mr. Mohammed Saudi Arabia / K.A. CARE / m.harbi@energy.gov.sa A Alharbi 13 Mr. Fahed Alwabel Saudi Arabia / K.A. CARE / f.wabel@energy.gov.sa 14 Mr Trevor lench South Africa / STL / trevor.blench@thorium100.com A 15 Mr Jeetesh Keshaw South Africa / Department of Energy / Jeetesh.Keshaw@energy.gov.za 16 Mr. Kampanart Silva Thailand / Thailand Institute of Nuclear Technology (TINT) / kampanarts@tint.or.th 17 Mr Andrii Odeychuk Ukraine / KIPT / anodeychuk@kipt.kharkov.ua A 18 Mr Giorgio Locatelli UK / Lincoln University / GLocatelli@lincoln.ac.uk A 20 Mr John Surina United States of America / NuScale Power / jsurina@nuscalepower.com 21 Mr Jae Man Noh OECD/NEA / JaeMan.NOH@oecd.org A 22 Thomas Alfstad PESS, IAEA A 23 David Shropshire PESS, IAEA 24 Frederik Reitsma Scientific Secretary, NPTDS, IAEA A 25 Hadid Subki Scientific Secretary, NPTDS, IAEA 26 Wonkyeong Kim Intern, NPTDS, IAEA A IAEA I3-TM Revision 1: 21 August 2015 Page 6 of 7

7 Responsible officers: Scientific Secretaries: Mr Frederik Reitsma and Mr Hadid Subki ( Nuclear Power Technology Development Section Division of Nuclear Power Department of Nuclear Energy International Atomic Energy Agency Vienna International Centre PO ox Vienna, Austria Administrative assistance is being provided by: Ms Jasna Šegota Nuclear Power Technology Development Section Division of Nuclear Power Department of Nuclear Energy International Atomic Energy Agency Vienna International Centre PO ox VIENNA AUSTRIA Tel.: Fax: J.Segota@iaea.org IAEA I3-TM Revision 1: 21 August 2015 Page 7 of 7

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