Nuclear markets and their growth in the US and UK. Delivered by: Tony Morris (Director, Marketing & Business Development) for the Canadian Nuclear Society's Annual Conference

1. ›Nuclear Opportunities in UK/USA
›Tony Morris, Director, Marketing & Business Development
CNS Annual Conference, June 22, 2016

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3. Approach to Breakthrough Global Growth
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› Focus on 24/7 quality service and spares for existing Clients
› Exploit niche power markets with reliable, flexible and
scalable generation solutions
› Command the spent fuel reuse market
› Delivery of a dependable mid-life refurbished low cost/low
carbon CANDU platform
› Provide owners with turnkey lifecycle decommissioning
solutions from research reactors to 1GWe+ class reactors
› Provide cost effective and innovative plant management
options for the orphaned, pilot, demonstration and FOAK
reactor owner/operator

4. UK New Build
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› Hinkley Point C UK-EPR (3.2GWe) from integrated
vendor/operator EDF Energy, based out of Bristol
› Horizon with Wylfa Newydd Hitachi ABWR (2.7GWe) and
option on Oldbury site expansion, based out of Gloucester
› NuGeneration AP1000 (3.8GWe) development at Moorside
next to Sellafield, based out of Manchester
› Follow-on sites available at Sizewell, Bradwell, Hartlepool
and Heysham, a further 20GWe nuclear is required to
replace ageing Advanced Gas-cooled Reactors
› Generic Design Assessment underway for ABWR and
completion of halted AP1000 process
› Skill shortage for construction once financing resolved

5. UK Decommissioning & Waste Management
(D&WM) Market
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› $4Bn annual decommissioning spend underway:
• Research reactors
• Sodium fast breeder reactors
• First generation gas cooled reactors
• Legacy reprocessing facilities and waste stockpiles
› Program and procurement managed by equivalent of Crown
Corporations:
• Nuclear Decommissioning Authority
• Magnox Ltd.
• Sellafield Ltd.
› Large deferred dismantling backlog of 19 gas reactors soon
in safe store type regime – problem looking for a solution
› Separated plutonium & recovered uranium stockpile an
opportunity with a “made in Canada” CANMOX™ or
CANDU® solution

6. US New Build
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› New build market active for first time since 1990s
› Watts Bar 2 to begin commercial operation shortly
› Units currently under construction
• AP1000: Vogtle 3&4 (Georgia)
• AP1000: V.C Summer 2&3 (S. Carolina)
› Units with Combined Construction & Operating License
• ABWR: South Texas Project 3&4 (Texas)
• ESBWR: Fermi 3 (Michigan)
› Prospects with COL under review by NRC
• AP1000: Levy County 1&2 (Florida)
• AP1000: Turkey Point 6&7 (Florida)
• AP1000: William States Lee III 1&2 (S. Carolina)
• ESBWR: North Anna 3 (Virginia)

7. US Small Modular Reactor
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› Characterized as less than 300MWe, small/compact, can be
transported by truck or rail
› Challenged by economics in deregulated markets
› Many designs exist today, both novel and proven (legacy)
› US DOE supporting SMR funding:
• NuScale (Design Certification projected to be submitted to NRC
late 2016, with reactor module final design complete by 2019)
• mPower (Siting & Design – Design Certification granted but on
hold)
• Range of technology demonstration projects
› Early Site Permit granted to TVA for Clinch River Site – SMR
is bounded within definition

8. US Process Heat
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› Low carbon, high temperature industrial applications for:
• Desalination 250C
• Oil/Bitumen extraction, upgrading & refining
• Jet fuel/Ethanol production
• Water splitting 950C
› Generation IV targets temperatures above 700C
› R&D being funded through DOE and through the Gen IV
International Forum (GIF)
• Gas-cooled Fast Reactor (GFR)
• Lead-cooled Fast Reactor (LFR)
• Molten Salt Reactor (MSR)
• Supercritical Water-cooled Reactor (SCWR)
• Sodium-cooled Fast Reactor (SFR)
• Very High Temperature Reactor (VHTR)

9. US O&M Services
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› Large market of 65 PWR and 34 BWRs with 5 reactors
under construction, spares & services always needed
› Utilities in deregulated markets looking for comprehensive
cost reduction solutions in response to downward pressure
on power prices, innovation is required
› O&M Services market contracting leading to consolidation
and falling rates, demographic shift means large experienced
contracting capacity local to most plants
› Exchange rate an advantage but not a compelling one
› D&WM market driven by utility financial position, another
area that is open to innovative solutions

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