Micro-Modular Nuclear A global opportunity

Transcription

1 Micro-Modular Nuclear A global opportunity

2 U-Battery Plant Layout

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

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

5 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, ( 5

6 Demand-Led International Growth NORTH AMERICA EU UK Canada 200+ remote communities, plus heavy industry and mine sites Federal commitment to secure low-carbon embedded power Hatch study recommended U-Battery to Federal and Ontario Government 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 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 Decarbonise energy intensive industry (power & heat) Global leadership in a new global energy technology sector UK vendor Asia Technical cooperation offered by JAEA Japan Early interest in India 6

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

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

9 U-Battery Technology Benchmark Source: BEIS Report - Electricity Generation Costs - Nov2016 ( 9

10 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

11 Low Cost Low Risk Delivering