NUSCALE LEADING THE WAY IN ADVANCED, SCALABLE SMR NUCLEAR ENERGY
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February 2021 NuScale Power Business Update NuScale is committed to the safety of our workforce during this challenging time while we also continue to meet our stakeholder commitments. We welcome you to read NuScale’s full COVID-19 message. Around 98% of the NuScale workforce is operating remotely, though we continue to advance our program development goals and are on target with all business operations despite the sustained need to conduct tele- and video conferences in lieu of in-person meetings. In addition to an overview of our small modular reactor (SMR) technology, this business update highlights some of the work NuScale has accomplished across its operations in the past month. NuScale Leading the Way in Advanced, Scalable SMR Nuclear Energy NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This groundbreaking SMR design features a fully factory-fabricated NuScale Power Module™ (NPM) capable of generating 77 MWe of electricity (gross) using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale’s scalable design—power plants that can house up to 4, 6, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. NuScale builds on proven nuclear technology with a focus on integration and simplification. The result is an affordable clean-energy solution that provides unparalleled safety, flexibility, reliability and resiliency. The NPM, with its innovative design, has set a new, rigorously proven, safety standard through NuScale’s Triple Crown for Nuclear Plant Safety™. NuScale’s modules safely shut down and self-cool, indefinitely, without the need for operator or computer action, AC or DC power, or additional water—a first for light water reactor technology and for commercial nuclear power. To date, NuScale has invested more than $1 billion in our technology development and licensing, which includes federal support from the U.S. Department of Energy (DOE) of more than $400 million in cost-shared funding. NuScale is the U.S. leader in SMR design and program maturity and capacity for near-term U.S. and global deployment. We will be ready to deliver NPMs to clients in 2027 and by the end of this decade, a NuScale power plant will be sited and operating in Idaho for the Carbon Free Power Project (CFPP), an initiative spearheaded by the Utah Associated Municipal Power Systems (UAMPS). With smarter, cleaner, safer, and cost competitive advanced nuclear technology, NuScale is leading the way into a new frontier of clean energy. Page 1 Copyright ©2021 by NuScale Power, LLC. NuScale Nonproprietary.
Program Updates Supply Chain Manufacturing trials continue ahead of or Regulatory Affairs on Schedule NuScale Continues its Progress with the U.S. Doosan Heavy Industries and Construction, Ltd. Nuclear Regulatory Commission. continued its manufacturing trials work for the On February 9, NuScale had a Standard Design NuScale Power ModuleTM . In February, Doosan Approval Application (SDAA) pre-application meeting completed the Post Weld Heat Treatment of with the NRC, discussing our comprehensive vibration the cladded shell. Other trials continued such as assessment program (CVAP), and NuScale presented grinding of the inside cladded surface to prepare for an overview of the five top CVAP technical topics nondestructive examination. with proposed resolution. On February 17, NuScale submitted the Regulatory Engagement Plan, Revision 2, which describes the pre-application activities between NuScale and the NRC to resolve issues prior to SDAA submittal to identify the proper scope and duration of the application’s review. Lastly, on February 19, NuScale submitted a letter to the U.S. Nuclear Regulatory Commission (NRC) detailing lessons- learned from the design certification review. The letter provides five recommendations that in our view would result in a more effective and efficient review of the upcoming SDAA. Program Management Office The U.S. NRC Commission Paper (SECY) to obtain Commission approval to publish the proposed rule in the Federal Register for the NuScale US600, NuScale Power Module Assembly Planning Phase 1 risk 12-module power plant Design Certification was reviews are approximately 77% complete and working issued. The proposed rule recommends a 30-day method descriptions are approximately 21% complete. public comment period, and design certification is Momentum in the supply chain remains strong and on anticipated in March 2022. track, as trials are completed on or ahead of schedule. The Program Management Office has made progress with several deliverables and components including Office of Technology testing the steam generator inlet flow restrictor NuScale’s technical team continues to be sought prototype, vendor construction of the thermal out for their expertise. dispersion level sensor test rig, and nuclear island and NuScale’s Innovation Manager Derick Botha presented site layout optimization work was completed. at an International Atomic Energy Agency Coordinated Project closeout is underway for Phase 2 of the Research Project meeting on the economic appraisal Nuclear Energy x Innovation Program (NEXIP). of SMRs and Botha discussed NuScale’s technology Engineering is also on track to deliver first specimens to support load balancing with renewables, serve as to Idaho National Lab Nuclear Science User Facility coal plant replacements, and provide heat energy for next month as part of the containment materials industrial applications. irradiation program. Lastly, NuScale’s Additionally, Electric Power Research Institute (EPRI) recommendations for license operator exam for awarded NuScale Senior Technical Advisor Steve NuScale plant operators were submitted to the Mirsky its annual Nuclear Technology Transfer Award. U.S. NRC. Mirsky provided NuScale’s enhanced safety and design features, along with SMR industry oversight to joint EPRI and U.S. DOE test programs. These scientific Page 2 Copyright ©2021 by NuScale Power, LLC. NuScale Nonproprietary.
results can be used to justify a smaller emergency managing regulatory programs. The Cyber Security planning zone, potentially resulting in reduced plant and Supply Development teams are also working to operating costs. incorporate cyber security plan implementation into Lastly, the Office of Technology also submitted the procurement process. responses to the National Academies of Science, Engineering and Medicine in support of their study of Marketing and Communications advanced reactors that was requested by Congress and Media and public interest in NuScale remain high. the United States Department of Energy. In the month of February, there were more than 105 articles published about NuScale. Notable coverage Plant Operations includes a feature story in The Wall Street Journal’s Project development and interest continues to grow Future of Everything series, which highlights SMR’s for NuScale Energy Exploration (E2) centers, a training game-changing technology. NuScale was also simulator of NuScale’s SMR power plant control room. mentioned in Mother Jones and Forbes. Oregon State University’s E2 Center is operational and Trade media also focused on NuScale’s press release, under a three-year service and maintenance agreement which announced a Memorandum of Understanding until November 2023, and the University of Idaho E2 with Bulgaria’s Kozloduy Nuclear Power Plant - New Center is on track for installation later this year. NuScale Build Plc. NEI, World Nuclear News, ANS, and many received a request for an updated proposal from Texas others wrote on the agreement. A&M University, and Idaho State has formally requested In total, these stories were shared, liked or commented an E2 Center proposal. upon over 8,534 times on social media networks. Based Additionally, Supervisor Ryan Flamand attended the on the average unique visitors per month of these Institute of Electrical and Electronics Engineers (IEEE) outlets, NuScale had a potential reach of 490M in this Human Factors Engineering (HFE) winter meeting, month. and Flamand was a significant contributor to the submission of HFE guidelines, which incorporated lessons learned from NuScale’s Integrated System Projects Validation effort. The UAMPS Carbon Free Power Project By the end of this decade, a NuScale small modular reactor (SMR) power plant will begin generating clean energy for the Carbon Free Power Project (CFPP), an initiative spearheaded by the public power consortium Utah Associated Municipal Power Systems (UAMPS). In early January, NuScale moved one step closer, receiving orders from Fluor Corporation to support the preparation of a Combined License Application (COLA) and conduct other project planning activities that will help manage and de-risk the execution of the CFPP. Prior to issuing these orders, Fluor Corporation and NuScale executed agreements with UAMPS to facilitate the development of the CFPP, which will deploy a NuScale power plant at the Idaho National Laboratory (INL) and create cleaner, safer, and cost-effective Plant Startup carbon-free power for UAMPS member utilities. Plant Startup and Programs supervisors attended an NuScale also received an order to support Fluor in the EPRI webinar for Advanced Reactors Cost Analysis, development of higher maturity cost estimates and and one major takeaway was finding ways to reduce conduct initial project planning work for the licensing, staff size by utilizing Information Technology for manufacturing, and construction of the CFPP. Page 3 Copyright ©2021 by NuScale Power, LLC. NuScale Nonproprietary.
In 2020, UAMPS began site characterization activities KNPP-NB is a public limited company established to necessary for licensing and construction. These include commission new nuclear power capacity on the existing erection of meteorology towers and the deployment nuclear power site. This MOU further demonstrates the of associated equipment housing, establishment strong international interest in NuScale’s technology of inclement weather and meeting trailers, parking, as a premier means to aid the transition to carbon-free and deep bore drilling associated with geotechnical energy across the globe. assessment and construction planning. The Kozloduy site is home to Bulgaria’s only operating We look forward to continuing to update you on the nuclear power plants, and in conjunction with the exciting progress of the CFPP in the coming year. Council Of Ministers’ recent decision to extend the capacity of the Kozloduy site, KNPP-NB is exploring the International Interest in NuScale Continues possibility of utilizing advanced nuclear technology to Grow as Kozloduy NPP - New Build Plc and at this location. The goal of the MOU is to evaluate NuScale Sign Memorandum of Understanding NuScale’s SMR technology for its suitability to be deployed at the Kozloduy site. Under the MOU, NuScale Bulgaria’s Kozluoduy Nuclear Power Plant – New Build will support KNPP-NB as they conduct a number of Plc (KNPP-NB) is the latest global entity with interest studies and analyses including the development of utilizing NuScale’s SMR technology. On February a project timeline with milestone deliverables for a 17, NuScale Power announced that it has signed a feasibility study, a project specific cost estimate, and memorandum of understanding (MOU) with Bulgaria’s engineering, planning, licensing, and other activities as Kozloduy Nuclear Power Plant - New Build Plc (KNPP- mutually agreed upon by the parties supporting the NB) to consider deploying NuScale’s innovative SMR potential implementation of a NuScale plant. technology at the Kozloduy power plant location. Page 4 Copyright ©2021 by NuScale Power, LLC. NuScale Nonproprietary
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