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NuScale SMR Technology UK IN SMR; SMR IN UK Conference - Manchester, UK Tom Mundy, EVP Program Development September 25, 2014

Acknowledgement & Disclaimer This material is based upon work supported by the Department of Energy under Award Number DE-NE0000633. This report was prepared as an account of work sponsored by an agency of the United States (U.S.) Government. Neither the U.S. Government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the U.S. Government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the U.S. Government or any agency thereof.

NuScale Power History NuScale first of current U.S. SMRs to begin design of commercial NPP NuScale technology in development and design since 2000 (DOE) MASLWR program Electrically-heated 1/3-scale integral test facility first operational in 2003 Began NRC design certification (DC) preapplication project in April 2008 Acquired by Fluor in October 2011 One of the world s leading publicly traded EPC, maintenance, and project management companies ~380 FTE s currently on project, ~$230MM spent project life-to-date 115 patents pending/granted, 17 countries NuScale Engineering Offices Corvallis, Oregon One-third scale Test Facility NuScale Control Room Simulator 3

NuScale and DOE Complete Agreement Competition winner announced December 12, 2013 DOE to provide $217M in funding Contract executed May 28, 2014 PORTLAND, Ore. - NuScale Power announced today that it has finalized the cooperative agreement with the US Department of Energy (DOE) as an awardee under the program for Cost- Shared Development of Innovative Small Modular Reactor Designs. Funding to be used to perform the engineering and testing needed to proceed through the U.S. Nuclear Regulatory Commission Design Certification process 4

5 Plant Design Overview

What is a NuScale Power Module? NuScale Power Module (NPM) (50 MWe) Includes the reactor vessel, steam generators, pressurizer and containment in an integral package that eliminates reactor coolant pumps and large bore piping (no LB-LOCA) Completely factory built for easy transport and installation Each NPM has its own skid-mounted steam turbine-generator and condenser Each NPM is installed below-grade in a seismically robust, steel-lined, concrete pool NPMs can be incrementally added to match load growth - up to 12 NPMs for 570 MWe (net) total facility output 6

Size Comparison *Source: NRC 7

Natural Circulation Operation Integrated reactor vessel Steam generator, pressurizer, fuel inside a single vessel Natural circulation flow No reactor coolant pumps No external power Helical coil steam generator Designed to maximize thermal efficiency under low flow conditions 8

Site Aerial View cooling towers A annex building turbine building A reactor building security ingress/egress control building warehouse switchyard turbine building B parking protected area fence radwaste building administration building ISFSI (dry cask storage) cooling towers B 9

NuScale Announces Major Breakthrough in Safety Wall Street Journal April 16, 2013 NuScale design has achieved the Triple Crown for nuclear plant safety. The plant can safely shut-down and self-cool, indefinitely, with: No Operator Action No AC or DC Power No Additional Water Safety valves align in their safest configuration on loss of all plant power Details of the Alternate System Fail-safe concept were presented to the NRC in December 2012 10

Station Blackout Response Stable long-term cooling under all conditions Reactor and nuclear fuel cooled indefinitely without pumps or power WATER COOLING BOILING AIR COOLING * Based on conservative calculations assuming all 12 modules in simultaneous upset conditions and reduced pool water inventory 11

Core Damage Frequency Reducing Plant Risk Risk = (frequency of failure) X (consequences) 10-3 NRC Goal (new reactors) 10-4 Reactor Building 10-5 10-6 Biological Shield 10-7 Reactor Pool Ground level 10-8 10-9 Operating PWRs Operating BWRs New LWRs (active) New LWRs (passive) NuScale Pool Structure And Liner Containment Reactor Vessel Fuel Clad Probability of core damage due to NuScale reactor equipment failures is 1 in 100,000,000 years 12 TM

13 Smaller Emergency Planning Zone

Simplicity - NuScale Safety Systems Systems and Components Needed to Protect the Core: Reactor Pressure Vessel Containment Vessel Reactor Coolant System Decay Heat Removal System Emergency Core Cooling System Control Rod Drive System Containment Isolation System Ultimate Heat Sink Residual Heat Removal System Safety Injection System Refueling Water Storage Tank Condensate Storage Tank Auxiliary Feedwater System Emergency Service Water System Hydrogen Recombiner or Ignition System Containment Spray System Reactor Coolant Pumps Safety Related Electrical Distribution Systems Alternative Off-Site Power Emergency Diesel Generators Safety Related 1E Battery System Anticipated Transient without Scram (ATWS) System 14

# Scrams Fewer Systems, 73% Fewer SCRAMS 14 12 10 8 2012 Reactor Scrams (from INPO database) Scrams prevented by innovative features of the NuScale design 6 4 2 0 Initiating System 58% of events caused by power conversion systems 86% of power conversion related scrams prevented by NuScale design 27% of events caused by electrical distribution system 82% of electrical related scrams prevented by NuScale design 15

Comprehensive Testing Program NuScale s testing supports reactor safety code development and validation, reactor design, and technology maturation to reduce first-of-a-kind risk 16

Full-Scale Main Control Room NRC Review of HFE Simulator Program and site visit Jan. 13 Simulator used for HFE and operational program development 17

First Deployment: Project WIN Western Initiative for Nuclear (WIN) is a multiwestern state collaboration to deploy NuScale technology First deployment state - Idaho Project participants: NuScale UAMPS, Energy Northwest States of: ID, UT, OR, WA, WY, AZ Potential support from NM, MT 18

Project WIN Details First commercial project: Preferred location within the Idaho National Laboratory (INL) Site Commercial operation - 2023 Reference Plant 12-module facility (570 MWe) Will provide immediate advantages to the Western region: Provide clean, affordable energy and professional jobs Demonstrate the operations and benefits of this SMR technology Catalyst for subsequent SMR energy facilities throughout the Western states 19

Overall WIN Project Schedule Project Development (see detail) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Define Team Members and structure Develop Business Model Onboard Partners Site Selection Site Use Agreements Design & Engineering Reference Plant Design Start Finalized Plant Design Complete Final Plant Design Draft DSRS Submit DCA NRC Issue DC Licensing Final DSRS Start COLA Submit COLA NRC Issue COL Site Characterization Construction and Fabrication Order Modules Site Prep & Mobilization Start Module Fabrication 1st Safety Concrete Pour 1 st Fuel load Deliver Module 1 Deliver Module 12 Operations Start Operational Readiness Program Operator Training Program Accreditation Complete Operational Readiness Program Module 1 COD Module 12 COD 20

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