The Challenges & Opportunities of Modular Reactors · Policy & Supply Chain – Rich Deakin. The Nuclear Sector Deal • Fresh pace and ambition for SMRs • A new framework that

The Challenges & Opportunities of Modular Reactors

A UK Side Event at the 62nd

General Conference of the International Atomic Energy Agency

Agenda

Chair’s Introduction

Panel members’ remarks

Fiona Reilly – Opportunities and Challenges of Modular Reactors: Finance

Mark Foy - Opportunities and Challenges of Modular Reactors: Regulation

Mike Drury - Opportunities and Challenges of Modular Reactors: R&D Rich Deakin - Opportunities and Challenges of Modular Reactors:

Policy/ Supply Chain

Open floor discussion

Final Observations/reflections on discussion from the panellists

Summary and close from the Chair

Expert Finance Working GroupIAEA GC - September 2018

Fiona ReillyExecutive PartnerAtlantic SuperConnection LLP

Market Framework for Financing Small Nuclear

5.

Key Recommendation: HMG should help to de-risk (perceived and real risks) the small nuclear market in

order to enable the private sector to develop and finance projects

General: 1. Enable small reactors through clear policy and market framework

2. Work with stakeholders to develop a common understanding of risks, removing perceptions and thereby barriers to investment

Technology Development:

3. Focus resources on bringing FOAK to market; only provide support and grants

to enhance UK capabilities or in exchange for IP

Manufacturing Capability:

4. Establish an advanced manufacturing supply

chain initiative to bring forward manufacturing capability and challenge the market on costs and

risks

NPP Development:

5: Optimised and flexible regulatory processes

6: Make sites available & maintain SLC capability7: Focus resources on

bringing FOAK to market by reducing CoC and sharing

risks

IAEA ConferenceR&D Opportunities & ChallengesNational Programmes• UK Strategic Toolkit• Future Fuels• 21st Century Nuclear Modular Manufacture• Reactor Design• Recycling for Future Reactors

Advanced Nuclear Technologies• Small Modular Reactors

o Expert Finance Working Groupo Nuclear Sector Deal

• Advanced Modular Reactors o Phase 1 Feasibility studieso Phase 2 Concept Development

Other• ISCF: Transforming Construction | Robots for a safer world• Space Batteries • Digital Catapult

Policy & Supply Chain – Rich Deakin

The Nuclear Sector Deal• Fresh pace and ambition for SMRs

• A new framework that supports near term deployment and next generation R&D

Opportunities & Challenges• Range of technologies

– Scale , size , functionality base load and on demand low carbon heat and power

• Project delivery risks – size, complexity and uniqueness mitigated

• Lower capital costs, quicker build

• Smaller footprint

• Standardised components

• Modular and factory build for nuclear plant

• Advanced manufacturing and quality assurance

• Rapid learning in supply chain

UK Environment• Supply Chain capability

• HVM network

• Connectivity

• Location

• Sites

The Challenges & Opportunities of Modular Reactors

Questions & Discussion

Further Information

Questions & Discussion

Thank you for participating

Further Information:

• Industrial Strategyhttps://www.gov.uk/government/topical-events/the-uks-industrial-strategy

• Nuclear Sector Dealhttps://www.gov.uk/government/publications/nuclear-sector-deal

• Advanced Nuclear Technologieshttps://www.gov.uk/government/publications/advanced-nuclear-technologies/advanced-nuclear-technologies

• Office of Nuclear Regulationhttp://www.onr.org.uk

• National Nuclear Laboratoryhttp://www.nnl.co.uk/

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