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Nuclear Power
One Year After Fukushima
Where is it Heading?
Alexander Glaser
CMI Annual Conference
Princeton University, April 17, 2012


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                Fukushima-Daiichi Plant
                        Source: TEPCO, undated
March 14, 2011 - DigitalGlobe




AST/MAE/PHY 309 - Princeton University - Lecture 1 - February 3, 2009   3
International Responses To Fukushima
In Germany, the Fukushima Accidents Consolidated
             Support Overnight for Nuclear Phaseout
                86% support nuclear phaseout by 2020 (Polling data from April 4-5, 2011)




                                                    By when should Germany phaseout nuclear power?

                                                                             By 2040

                                                                                                        By 2020
                                                                                                        ASAP




                                                          Top: www.presseportal.de/pm/6694/2022635/ard_das_erste
                                                   Left: Spiegel Cover from March 14, 2011: The End of the Atomic Era



CMI Annual Meeting, April 17, 2012                                                                                      5
Germany’s Electricity Imports/Exports
                     The Impact of Post-Fukushima Shutdowns is Visible but not Dramatic

                            Imports
                                                                                                            Post-Fukushima
                                                                                                                 Period




                                                                                    Net exports 2010: 17.7 TWh
                                                                                    Net exports 2011: 5.0 TWh
                             Exports




                      Charlotte Loreck, Atomausstieg in Deutschland, Institute of Applied Technology, Darmstadt, March 2012

CMI Annual Meeting, April 17, 2012                                                                                            6
Germany’s GHG Emissions Have Not Spiked
   Despite the Shutdown of Eight Reactors in March 2011
      [Million tons CO2eq per year]

              1400

              1200           1246
                                                                                              Kyoto Budget (974 Mt CO2eq/yr)
                                                                                          21% reduction vs 1990, 2008–2012 average
              1000                           1039
                                                              998      999     977      976
                                                                                                  912       937       917
                 800

                 600

                 400

                 200

                     0
                            1990             2000            2005     2006    2007    2008      2009      2010       2011       2012

                         “Weniger Treibhausgase mit weniger Atomenergie,” Press Release, 17/2012, Umweltbundesamt, April 12, 2012
                                See also European Central Data Reposoitory, cdr.eionet.europa.eu/de/eu/ghgmm/envtw7blw

CMI Annual Meeting, April 17, 2012                                                                                                     7
The International Response to the Fukushima
              Accidents Has Been Very Uneven
                                     Consolidating a national consensus on phaseout of nuclear power
                      Germany
                                     • Immediate shutdown of eight oldest (out of a fleet of seventeen) reactors
                                     • Complete phaseout by 2022


                                     Fundamental review of energy policy underway
                        Japan
                                     • As of April 2012, 53 out of 54 reactors shut down; several units are unlikely to come back online
                                     • Strong public support for significantly reduced role of nuclear power in the future


                                     Minor adjustments to government policy
                       France        but nuclear energy now salient issue (again) for political opposition and public debate
                                     • Discussions about reducing nuclear power’s of electricity generation from almost 80% down to 50%
                                     • Major life-extension program underway: EUR 40 billion plus EUR 10 billion post Fukushima




CMI Annual Meeting, April 17, 2012                                                                                                         8
The International Response to the Fukushima
              Accidents Has Been Very Uneven
                       several       Reconsidering a new or more important role of nuclear power
                                     • Mostly relevant for non-committed “newcomer” countries
                                     • Also includes countries with existing small programs (Belgium, Switzerland, the Netherlands, ...)


                                     Ambitious expansion plans largely unaffected
                        China
                                     • Safety review of all current plants; possible new licensing requirements for future plants
                                     • Target for 2020: add 35–45 GW to existing 12 GW (Share of nuclear electricity in 2011: 1.85%)


                                     Continued commitment to nuclear power
                        USA          but only few new construction projects moving forward despite government support




CMI Annual Meeting, April 17, 2012                                                                                                         9
United States: The Market is Deciding
                                                    Federal Loan Guarantees
                                                    as part of the Energy Policy Act of 2005, up to $18.5 billion
                                                    Obama Administration has sought to increase amount to $54.5 billion

                                                    Most proposed construction projects have stalled
                                                    some before and some after the Fukushima Accidents

                                                    Vogtle-3 and -4 Project (Waynesboro, GA) moving forward
                                                    2 x Westinghouse AP-1000, 2200 MWe, expected for 2016 and 2017
                                                    Combined Construction and Operating License issued in February 2012
                                                    $14 billion investment; $8.3 billion in Federal loan guarantees



                      “ Let me state unequivocally that I’ve never met a nuclear plant I didn’t like;
             Having said that, let me also state unequivocally that new ones don’t make any sense right now.”
                                                                  John Rowe, Former CEO Exelon, March 29, 2012
                                     quoted in www.forbes.com/sites/jeffmcmahon/2012/03/29/exelons-nuclear-guy-no-new-nukes



CMI Annual Meeting, April 17, 2012                                                                                            10
Looking Forward
The Existing Fleet of Power Reactors is Aging
                (20-year life-extensions have already been granted for most U.S. reactors)
       United States                                               40                                                     64     1/1
              France                                                           58     1
               Japan               7                                      43        4/2 (only one reactor currently operating)
              Russia                   9                      24         10
        South Korea                                 23        3
                India          3                 17           7
             Canada                                2/16
    United Kingdom                                 2/15
               China                        16                           26
            Ukraine                        15       1/2
            Sweden             4       6
           Germany                                  9/8                                   Operating, nearing 40-year life (75)
               Spain                     1/7                                              Operating, first criticality after 1975 (360)
            Belgium                      1/6                                              Under construction (61)
             Taiwan                      6/2
     Czech Republic                     6
                                                                                          Destroyed in accidents (6)
        Switzerland                     3/2
    Slovak Republic            4        2                                                 Shutdown in response to accidents (8)
             Finland           4       1
                                                                                     Source: IAEA Power Reactor Information System
           Hungary             4
                                                                                                           Last revision: April 2012
        ALL OTHERS             3               16         5
                           0                        20              40               60                 80              100               120

CMI Annual Meeting, April 17, 2012                                                                                                              12
Construction Starts By Year




             Source: Power Reactor Information System (PRIS), International Atomic Energy Agency, http://pris.iaea.org/public/
                                                   Information retrieved: April 16, 2012

CMI Annual Meeting, April 17, 2012                                                                                               13
Energy Scenarios for 2060 and Beyond Still Envision
         a Massive Global Expansion of Nuclear Power
                                                               100
                                                                           GCAM3 Reference Scenario                      GCAM 3 Policy Scenario
                                                                                                                                                                                             415 GW
               Total nuclear capacity added annually [GW/yr]




                                                                                                                         Almost 2000 GW installed by 2060
                                                                                                                                                                                            in 5 years
                                                                                                                         Increases to more than 5000 GW by 2100                 372 GW
                                                                                                                                                                               in 5 years
                                                               75




                                                                                                                                                                   247 GW
                                                                                                                                                                  in 5 years
                                                               50                                                           208 GW        211 GW
                                                                                                                                                      201 GW
                                                                                                                           in 5 years   in 5 years
                                                                                                                                                     in 5 years

                                                                            Historic maximum
                                                                                                             126 GW
                                                                          (32 GW added in 1984)
                                                                                                            in 5 years
                                                               25                                94 GW
                                                                                               in 5 years

                                                                                    28 GW
                                                                       11 GW      in 5 years
                                                                     in 5 years
                                                                0
                                                                     2010–2015    2015–2020 2020–2025 2025–2030 2030–2035 2035–2040 2040–2045 2045–2050 2050–2055 2055–2060


                                                                                                  This is will be difficult to achieve (China will ultimately “need some help”)

CMI Annual Meeting, April 17, 2012                                                                                                                                                                       14
Are New Technologies on the Horizon?
       The Case of Small Modular Reactors
Why Consider Small Modular Reactors?
                              • Substantially lower investment risks
                                     $1 billion vs $10 billion projects; combined with shorter construction times

                              • Better suited for electricity markets with low growth rates
                                     Modules can be added to existing facilities “on demand”

                              • Promise of enhanced safety and security
                                     Almost all designs envision underground siting

                              • Potential nonproliferation benefits
                                     Long-lived cores


                                     BUT: Ultimately, everything will hinge on the economics

                     In January 2012, DOE announced a 5-year $452 million cost sharing program
         to support engineering, design certification, and licensing for up to two first-of-a-kind SMR designs
                                                  www.grants.gov/search/search.do?mode=VIEW&oppId=138813

CMI Annual Meeting, April 17, 2012                                                                                  16
A Plethora of Small Modular Reactors Has Been Proposed
            Some are based on proven technologies, some may be considered “science fiction”



                                                            ...          ...                ...         ...
                     Fast reactors




                                                            ...          ...                ...         ...
                                                         ARC-100         ...                ...         ...

                                                          PRISM         SSTAR               ...         ...

                                                         Hyperion        4S                 EM2         TRW



                                                 ...              ...                 ...         ...
                     Thermal reactors




                                               KLT-40S            ...                 ...         ...               In March 2012, DOE announced three
                                                                                                              public-private partnerships (with NuScale, Holtec,
                                               W-SMR        SMART                Flexblue   Fuji MSR
                                                                                                                and Hyperion) to “develop deployment plans”
                                               mPower       CAREM                GT-MHR     ANTARES            for SMR technologies at its Savannah River Site
                                               NuScale     HI-SMUR               HTR-PM      PBMR



                                        2015                                   2030                            2045                           2060
                                                                                Year of projected first deployment

CMI Annual Meeting, April 17, 2012                                                                                                                                 17
Could Small Nuclear Reactors Play a Role?
                    Several designs are based on standard light-water reactor technology




                                                         Babcock & Wilcox mPower Concept
                                                         • Light-water cooled
                                                         • 125-750 MWe
                                                         • Underground construction
                                                         • 60-year spent fuel storage onsite
                                                         • Quasi-standard LWR fuel
                                                         Source: www.babcock.com/products/modular_nuclear/




CMI Annual Meeting, April 17, 2012                                                                           18
Could Small Nuclear Reactors Play a Role?
                 Proposed new deployment options: underground, on barges, underwater



                                                                                 FlexBlue
                                                                                 DCNS (formerly Direction des Constructions Navales, DCN)
                                                                                 jointly with Areva, CEA, and EDF




            Length:    about 100 m
          Diameter:    12–15 m
             Power:    50–250 MWe
             Siting:   Seafloor mooring at a depth of 60 to 100 m
                       a few kilometers off coast


                                       http://en.dcnsgroup.com/energie/civil-nuclear-engineering/flexblue/

CMI Annual Meeting, April 17, 2012                                                                                                          19
Whenever You Read About a “Stunning” New Reactor
                                      It Most Likely is a Fast Neutron Reactor Design

                                                                                                y.”
                                                                  rns nu clear waste into energ
                                         er Module (EM ... tu
                                                                                          2)
                    “The Energy Multipli                                                      .
                                                               r fuel waste in storage at U.S
                        “The current amount of used nuclea                       les.”
                                 nuclear plants is suff icient for 3,000 modu


                                     The design pr
                                                    ovides “the si
                               and it require                      mplest possib
                                              s only one ura                     le f u e l cy cle ,
                                                             nium enrichm
                                                                            ent plant per
                                                                                               planet.”

                              26 Advanced Recycling Centers “are capable of consuming the entire 120,000
                               tons of SNF. Additionally, they are capable of producing 50,000 MWe and
                                     avoiding the emission of 400,000,000 tons of CO2 every year.”




    Top: General Atomics, Technical Fact Sheet; Middle: C. Forsberg on Traveling Wave Reactor quoted in Technology Review, March/April 2009; Bottom: GE-Hitachi, ARC/PRISM Fact Sheet

CMI Annual Meeting, April 17, 2012                                                                                                                                                      20
CMI’s “Re-Engineering the Nuclear Future” Project
                                Alex Glaser and M. V. Ramana, with Laura Berzak Hopkins


                  Review and analyze proposed SMR designs and their associated nuclear fuel cycles
                              Research supported by extensive neutronics calculations for notional SMR’s



                      Examine the implications of a large-scale deployment of this technology
               with a particular focus on proliferation risk, nuclear waste generation, and economics
                             Research will include work with “Integrated Assessment Models”
                 which are widely used to project energy futures and assess effectiveness of climate policies

                        In the process, help improve the characterization of nuclear power in these models




CMI Annual Meeting, April 17, 2012                                                                              21
Example
Notional Long-lived Small Modular Reactor in Once-through Mode
Fuel Inventory of a Long-lived Small Modular Reactor
             Operated in a Once-Through Mode
        MCODE Simulations for Notional Design, 500 MW thermal, 30-year core life, 300 days per year

                                                                            Plutonium
                                          Uranium-235
                                        mostly loaded as
                                     12%-enriched starter fuel


                                                                          Plutonium-239




CMI Annual Meeting, April 17, 2012                                                                    23
Resource and Fuel Cycle Requirements
                    500 MW thermal for 30 years (300 days per year; 9,000 effective full power days)

                                                         Standard LWR                    SMR TYPE F2
                                                           (50 MWd/kg)             (fast spectrum, once-through)


                                     Fuel demand             90 tons                         20 tons*
                                                        (5%-enriched fuel)          (12%-enriched starter fuel)

                             Uranium requirements           1050 tons                       570 tons
                                     (to make fuel)         (reference)                  (45% reduction)


                                     Enrichment          660,000 SWU                     430,000 SWU
                                                            (reference)                  (35% reduction)

                               Plutonium inventory        1.1–1.2 tons                       2.8 tons
                                   in spent fuel       (10 kg per ton of fuel)         (70 kg per ton of fuel)


                                        Waste                90 tons                          40 MT
                                                            (reference)                  (55% reduction)

                                                                                  *Does not include 20 additional tons
                                                                                     of depleted uranium for blankets

           In principle, some long-lived SMR concepts could be attractive for deployment in the 2020–2030 timeframe
                       (but the “temptation” to reprocess the fuel from the used cores might be significant)

CMI Annual Meeting, April 17, 2012                                                                                       24
Where Is Nuclear Power Heading?
Some Concluding Observations
                                           Many countries remain committed to nuclear power
                                     but deployment and role of nuclear power is likely to be more uneven
                                              Germany’s phaseout will be a “game changer”


                                                          Small Modular Reactors
                   SMR attract significant attention; many innovative features; some prototypes will be built

                                                  Small may be beautiful ... but it is small
                                      Even under most optimistic assumptions, little generating capacity
                                           based on SMR technologies could be deployed by 2030



                            An early large-scale global nuclear expansion has become very unlikely
                    New thinking is needed about the potential (smaller) role of nuclear power in energy portfolios


CMI Annual Meeting, April 17, 2012                                                                                    26
Glaser: Nuclear Power after Fukushima. Where is it heading?

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Glaser: Nuclear Power after Fukushima. Where is it heading?

  • 1. Nuclear Power One Year After Fukushima Where is it Heading? Alexander Glaser CMI Annual Conference Princeton University, April 17, 2012 Revision 8x
  • 2. 6 5 1 2 3 4 Fukushima-Daiichi Plant Source: TEPCO, undated
  • 3. March 14, 2011 - DigitalGlobe AST/MAE/PHY 309 - Princeton University - Lecture 1 - February 3, 2009 3
  • 5. In Germany, the Fukushima Accidents Consolidated Support Overnight for Nuclear Phaseout 86% support nuclear phaseout by 2020 (Polling data from April 4-5, 2011) By when should Germany phaseout nuclear power? By 2040 By 2020 ASAP Top: www.presseportal.de/pm/6694/2022635/ard_das_erste Left: Spiegel Cover from March 14, 2011: The End of the Atomic Era CMI Annual Meeting, April 17, 2012 5
  • 6. Germany’s Electricity Imports/Exports The Impact of Post-Fukushima Shutdowns is Visible but not Dramatic Imports Post-Fukushima Period Net exports 2010: 17.7 TWh Net exports 2011: 5.0 TWh Exports Charlotte Loreck, Atomausstieg in Deutschland, Institute of Applied Technology, Darmstadt, March 2012 CMI Annual Meeting, April 17, 2012 6
  • 7. Germany’s GHG Emissions Have Not Spiked Despite the Shutdown of Eight Reactors in March 2011 [Million tons CO2eq per year] 1400 1200 1246 Kyoto Budget (974 Mt CO2eq/yr) 21% reduction vs 1990, 2008–2012 average 1000 1039 998 999 977 976 912 937 917 800 600 400 200 0 1990 2000 2005 2006 2007 2008 2009 2010 2011 2012 “Weniger Treibhausgase mit weniger Atomenergie,” Press Release, 17/2012, Umweltbundesamt, April 12, 2012 See also European Central Data Reposoitory, cdr.eionet.europa.eu/de/eu/ghgmm/envtw7blw CMI Annual Meeting, April 17, 2012 7
  • 8. The International Response to the Fukushima Accidents Has Been Very Uneven Consolidating a national consensus on phaseout of nuclear power Germany • Immediate shutdown of eight oldest (out of a fleet of seventeen) reactors • Complete phaseout by 2022 Fundamental review of energy policy underway Japan • As of April 2012, 53 out of 54 reactors shut down; several units are unlikely to come back online • Strong public support for significantly reduced role of nuclear power in the future Minor adjustments to government policy France but nuclear energy now salient issue (again) for political opposition and public debate • Discussions about reducing nuclear power’s of electricity generation from almost 80% down to 50% • Major life-extension program underway: EUR 40 billion plus EUR 10 billion post Fukushima CMI Annual Meeting, April 17, 2012 8
  • 9. The International Response to the Fukushima Accidents Has Been Very Uneven several Reconsidering a new or more important role of nuclear power • Mostly relevant for non-committed “newcomer” countries • Also includes countries with existing small programs (Belgium, Switzerland, the Netherlands, ...) Ambitious expansion plans largely unaffected China • Safety review of all current plants; possible new licensing requirements for future plants • Target for 2020: add 35–45 GW to existing 12 GW (Share of nuclear electricity in 2011: 1.85%) Continued commitment to nuclear power USA but only few new construction projects moving forward despite government support CMI Annual Meeting, April 17, 2012 9
  • 10. United States: The Market is Deciding Federal Loan Guarantees as part of the Energy Policy Act of 2005, up to $18.5 billion Obama Administration has sought to increase amount to $54.5 billion Most proposed construction projects have stalled some before and some after the Fukushima Accidents Vogtle-3 and -4 Project (Waynesboro, GA) moving forward 2 x Westinghouse AP-1000, 2200 MWe, expected for 2016 and 2017 Combined Construction and Operating License issued in February 2012 $14 billion investment; $8.3 billion in Federal loan guarantees “ Let me state unequivocally that I’ve never met a nuclear plant I didn’t like; Having said that, let me also state unequivocally that new ones don’t make any sense right now.” John Rowe, Former CEO Exelon, March 29, 2012 quoted in www.forbes.com/sites/jeffmcmahon/2012/03/29/exelons-nuclear-guy-no-new-nukes CMI Annual Meeting, April 17, 2012 10
  • 12. The Existing Fleet of Power Reactors is Aging (20-year life-extensions have already been granted for most U.S. reactors) United States 40 64 1/1 France 58 1 Japan 7 43 4/2 (only one reactor currently operating) Russia 9 24 10 South Korea 23 3 India 3 17 7 Canada 2/16 United Kingdom 2/15 China 16 26 Ukraine 15 1/2 Sweden 4 6 Germany 9/8 Operating, nearing 40-year life (75) Spain 1/7 Operating, first criticality after 1975 (360) Belgium 1/6 Under construction (61) Taiwan 6/2 Czech Republic 6 Destroyed in accidents (6) Switzerland 3/2 Slovak Republic 4 2 Shutdown in response to accidents (8) Finland 4 1 Source: IAEA Power Reactor Information System Hungary 4 Last revision: April 2012 ALL OTHERS 3 16 5 0 20 40 60 80 100 120 CMI Annual Meeting, April 17, 2012 12
  • 13. Construction Starts By Year Source: Power Reactor Information System (PRIS), International Atomic Energy Agency, http://pris.iaea.org/public/ Information retrieved: April 16, 2012 CMI Annual Meeting, April 17, 2012 13
  • 14. Energy Scenarios for 2060 and Beyond Still Envision a Massive Global Expansion of Nuclear Power 100 GCAM3 Reference Scenario GCAM 3 Policy Scenario 415 GW Total nuclear capacity added annually [GW/yr] Almost 2000 GW installed by 2060 in 5 years Increases to more than 5000 GW by 2100 372 GW in 5 years 75 247 GW in 5 years 50 208 GW 211 GW 201 GW in 5 years in 5 years in 5 years Historic maximum 126 GW (32 GW added in 1984) in 5 years 25 94 GW in 5 years 28 GW 11 GW in 5 years in 5 years 0 2010–2015 2015–2020 2020–2025 2025–2030 2030–2035 2035–2040 2040–2045 2045–2050 2050–2055 2055–2060 This is will be difficult to achieve (China will ultimately “need some help”) CMI Annual Meeting, April 17, 2012 14
  • 15. Are New Technologies on the Horizon? The Case of Small Modular Reactors
  • 16. Why Consider Small Modular Reactors? • Substantially lower investment risks $1 billion vs $10 billion projects; combined with shorter construction times • Better suited for electricity markets with low growth rates Modules can be added to existing facilities “on demand” • Promise of enhanced safety and security Almost all designs envision underground siting • Potential nonproliferation benefits Long-lived cores BUT: Ultimately, everything will hinge on the economics In January 2012, DOE announced a 5-year $452 million cost sharing program to support engineering, design certification, and licensing for up to two first-of-a-kind SMR designs www.grants.gov/search/search.do?mode=VIEW&oppId=138813 CMI Annual Meeting, April 17, 2012 16
  • 17. A Plethora of Small Modular Reactors Has Been Proposed Some are based on proven technologies, some may be considered “science fiction” ... ... ... ... Fast reactors ... ... ... ... ARC-100 ... ... ... PRISM SSTAR ... ... Hyperion 4S EM2 TRW ... ... ... ... Thermal reactors KLT-40S ... ... ... In March 2012, DOE announced three public-private partnerships (with NuScale, Holtec, W-SMR SMART Flexblue Fuji MSR and Hyperion) to “develop deployment plans” mPower CAREM GT-MHR ANTARES for SMR technologies at its Savannah River Site NuScale HI-SMUR HTR-PM PBMR 2015 2030 2045 2060 Year of projected first deployment CMI Annual Meeting, April 17, 2012 17
  • 18. Could Small Nuclear Reactors Play a Role? Several designs are based on standard light-water reactor technology Babcock & Wilcox mPower Concept • Light-water cooled • 125-750 MWe • Underground construction • 60-year spent fuel storage onsite • Quasi-standard LWR fuel Source: www.babcock.com/products/modular_nuclear/ CMI Annual Meeting, April 17, 2012 18
  • 19. Could Small Nuclear Reactors Play a Role? Proposed new deployment options: underground, on barges, underwater FlexBlue DCNS (formerly Direction des Constructions Navales, DCN) jointly with Areva, CEA, and EDF Length: about 100 m Diameter: 12–15 m Power: 50–250 MWe Siting: Seafloor mooring at a depth of 60 to 100 m a few kilometers off coast http://en.dcnsgroup.com/energie/civil-nuclear-engineering/flexblue/ CMI Annual Meeting, April 17, 2012 19
  • 20. Whenever You Read About a “Stunning” New Reactor It Most Likely is a Fast Neutron Reactor Design y.” rns nu clear waste into energ er Module (EM ... tu 2) “The Energy Multipli . r fuel waste in storage at U.S “The current amount of used nuclea les.” nuclear plants is suff icient for 3,000 modu The design pr ovides “the si and it require mplest possib s only one ura le f u e l cy cle , nium enrichm ent plant per planet.” 26 Advanced Recycling Centers “are capable of consuming the entire 120,000 tons of SNF. Additionally, they are capable of producing 50,000 MWe and avoiding the emission of 400,000,000 tons of CO2 every year.” Top: General Atomics, Technical Fact Sheet; Middle: C. Forsberg on Traveling Wave Reactor quoted in Technology Review, March/April 2009; Bottom: GE-Hitachi, ARC/PRISM Fact Sheet CMI Annual Meeting, April 17, 2012 20
  • 21. CMI’s “Re-Engineering the Nuclear Future” Project Alex Glaser and M. V. Ramana, with Laura Berzak Hopkins Review and analyze proposed SMR designs and their associated nuclear fuel cycles Research supported by extensive neutronics calculations for notional SMR’s Examine the implications of a large-scale deployment of this technology with a particular focus on proliferation risk, nuclear waste generation, and economics Research will include work with “Integrated Assessment Models” which are widely used to project energy futures and assess effectiveness of climate policies In the process, help improve the characterization of nuclear power in these models CMI Annual Meeting, April 17, 2012 21
  • 22. Example Notional Long-lived Small Modular Reactor in Once-through Mode
  • 23. Fuel Inventory of a Long-lived Small Modular Reactor Operated in a Once-Through Mode MCODE Simulations for Notional Design, 500 MW thermal, 30-year core life, 300 days per year Plutonium Uranium-235 mostly loaded as 12%-enriched starter fuel Plutonium-239 CMI Annual Meeting, April 17, 2012 23
  • 24. Resource and Fuel Cycle Requirements 500 MW thermal for 30 years (300 days per year; 9,000 effective full power days) Standard LWR SMR TYPE F2 (50 MWd/kg) (fast spectrum, once-through) Fuel demand 90 tons 20 tons* (5%-enriched fuel) (12%-enriched starter fuel) Uranium requirements 1050 tons 570 tons (to make fuel) (reference) (45% reduction) Enrichment 660,000 SWU 430,000 SWU (reference) (35% reduction) Plutonium inventory 1.1–1.2 tons 2.8 tons in spent fuel (10 kg per ton of fuel) (70 kg per ton of fuel) Waste 90 tons 40 MT (reference) (55% reduction) *Does not include 20 additional tons of depleted uranium for blankets In principle, some long-lived SMR concepts could be attractive for deployment in the 2020–2030 timeframe (but the “temptation” to reprocess the fuel from the used cores might be significant) CMI Annual Meeting, April 17, 2012 24
  • 25. Where Is Nuclear Power Heading?
  • 26. Some Concluding Observations Many countries remain committed to nuclear power but deployment and role of nuclear power is likely to be more uneven Germany’s phaseout will be a “game changer” Small Modular Reactors SMR attract significant attention; many innovative features; some prototypes will be built Small may be beautiful ... but it is small Even under most optimistic assumptions, little generating capacity based on SMR technologies could be deployed by 2030 An early large-scale global nuclear expansion has become very unlikely New thinking is needed about the potential (smaller) role of nuclear power in energy portfolios CMI Annual Meeting, April 17, 2012 26