Rolls-Royce SMR Nuclear Academics Meeting 8th September 2021 - Nuclear Universities
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Rolls-Royce SMR
Nuclear Academics Meeting
8th September 2021
Sophie Macfarlane-Smith – Head of Customer Business
This information is provided by Rolls-
Royce in good faith based upon the
latest information available to it; no
warranty or representation is given; no
contractual or other binding
commitment is implied
Non-Confidential
1
© 2021 Rolls-Royce | Not Subject to Export Control
SMR Video https://vimeo.com/551457837/0735106fb6
Non-Confidential
2
© 2021 Rolls-Royce | Not Subject to Export Control
Tomorrow’s energy market will look fundamentally different as the world
transitions to a low carbon environment
Only 13% global energy is low carbon
• The challenge is huge, covering transport and heat as well as grid electricity
Gas
Coal
Oil • Decarbonisation obligations are having a material impact on energy policies
160
kTWh Biofuels & Waste
Nuclear
• There are a limited number of solutions to decarbonising many sectors. Most
Hydro, geothermal, need more clean electricity
etc
• The demand for clean electricity is set to grow considerably in any scenario
Transport
160
Electricity
kTWh
Heat/Industrial
• Industrial companies are seeking to decarbonise production quickly and
economically
Non-Confidential • Our SMR provides a low cost, investible, and deliverable solution to
3
© 2021 Rolls-Royce | Not Subject to Export Control predictable clean electricity at a scale unmatched by other clean sourcesEnergy forecasts may vary but electricity growth is substantial in any
future energy system scenario
Consensus 1 outlook on final energy consumption (2000-2050F) Consensus 1 outlook on total electricity production (2000-2050F)
000’ TWh (equivalent) 000’ TWh (equivalent)
200 60
• Aggressive decarbonisation will
require much more clean electricity for
significant clean fuel (hydrogen, eFuel)
generation and use most probably in
off-grid scenarios
150
40
100
Steady transition scenarios (meeting current 20
obligations under Paris agreement)
50
Environmentally ambitious scenarios
(exceeding current obligations)
In environmentally ambitious scenarios, growth could be
Base view even higher (up to 2.6x)
0 0
2000 10 20 30 40 50 2000 10 20 30 40 50
Source: LEK
4 Non-Confidential Note:
© 2021 Rolls-Royce | Not Subject to Export Control 1. Consensus forecasters of energy and electricity growth include Bloomberg, BP, DNV-GL, EIA, Exxon Mobil, IEA and IRENARolls-Royce SMR is a revolutionary nuclear product; factory fabricated,
road transported and site assembled.
The RR SMR approach is a holistic, integrated power station and not just a nuclear reactor design.
Enhanced Gen III+ levels
~470 MWe output
of safety and security
50 Hz design 1st unit on grid early 2030s
Proven PWR Technology
Capital cost under £1.8 Bn*
& Standard Fuel
Power station delivery as Adaptable, multi-use
a turnkey project power & heat output
4 yr Construction
LCOE £35-£50 per MWh*
(Nth unit)
Rolls Royce SMRs – Low cost, Deliverable, Investable Low Carbon Power
5 Non-Confidential
© 2021 Rolls-Royce | Not Subject to Export ControlRolls-Royce SMR plant: Key Features
Reactor Systems
• A robust and licensable design incorporating:
o A 3-loop PWR
o 3 reactor coolant pumps (one in each loop)
o 3 vertical u-tube steam generators
o Steam pressurised using a pressuriser
• Nuclear fuel is industry standard 17x17 assembly
UO2 enriched up to 4.95%,
• Boron free design to enable a low environmental
impact and eliminate handling hazards.
Cooling Water Island
Turbine Island o Indirect cooling system
o Comprises a commercially utilises modular cooling
available turbine and towers to remove heat from
generator set the turbine island
6 Non-Confidential
© 2021 Rolls-Royce | Not Subject to Export ControlThe heat and power from SMRs supports a range of industrial uses.
Shared usage minimises the cost of plant ownership and maximises the economic
efficiency of the low carbon energy.
Desalination
One Rolls-Royce SMR and
Industry SAF
associated plant can. . . .
100% production
utilisation
Power a million homes
H2
H2
Produce 170 tonnes of H2
per day DAC H2
production
(with heat)
Rolls-Royce
Produce 280 tonnes of net SMR
zero synthetic fuel per day
Heat or cool a city the size H2
of Sheffield (pop c580,000)
H2
Grid electrical production
and thermal (without heat)
power
Electrical
Grid Grid power
electrical thermal
Thermal
7 Non-Confidential power power Power
© 2021 Rolls-Royce | Not Subject to Export ControlEfficiency does not necessarily equate to economical value
Innovations that focus on delivering ultimate market value are important
Engineering efficiency is Central Fleet Operations
Centre
Digital
Ecosystem
the ratio between the
energy needed to power a
process vs the energy the
process creates Objective: Reduce overall cost of ownership
through:
Economic efficiency is the • Total plant design integration / optimisation
ratio between a company's • Maximise power output (for no further capital /
ability to invest in and use op cost / risk)
its assets vs the income • Maximising availability
they generate • Maximising reliability
• Reduce outage periods
• Optimise predictive maintenance
8 Non-Confidential
© 2021 Rolls-Royce | Not Subject to Export Control • Reduce inventory & optimise spares planningThe LCOE for SMRs is similar to renewable LCOEs and is significantly
cheaper once storage costs for renewables are included
European LCOE / Levelised Cost of Storage (“LCOS”), by technology European LCOE / LCOS, by technology for indicative assets1
for indicative assets1 commissioning in 2019 commissioning in 2040
GBP/MWh GBP/MWh
300 Intermittent source of electricity Intermittent source of electricity
250
200 200
Significant cost
increase for Low renewable
150 150
constant, secure LCOE + cost of
supply intermittency =>
100 100 SMR SPV LCOE
SMR SPV
SMR SPV
50 50 35-50
35-50
0 0
Nuclear Coal Gas Solar PV Wind Wind Utility CCGT + Hinkley Nuclear Nuclear Coal Gas Solar PV Wind Wind Utility CCGT + Hinkley Nuclear
CCGT onshore offshore scale CCS3 Point C4 SMR CCGT onshore offshore scale CCS3 Point C4 SMR
stationary (NOAK) stationary (NOAK)
batteries2 batteries
Sources: IEA WEO 2020, BEIS Electricity Generation Cost Report 2020
Notes: CCGT = Combined Cycle Gas Turbine; CCS = Carbon Capture and Storage; USD = United States Dollar
1. Data from IEA WEO 2020, converted from USD to GBP (0.7) with +/-10% range applied SMR Range determined by financing mechanism
2. IEA Data – 2020 base year
3. Data from BEIS Electricity Generation Cost Report 2020 – Refers to 2025 LCOE as this is the first estimated deployment date of this technology
4. GBP92.5 CFD agreed price, scaled by CPI to 2019, as per CFD agreement
9
Non-Confidential
© 2021 Rolls-Royce | Not Subject to Export ControlLessons from Aerospace?
There are many examples of high profile projects that have not delivered on expectations
• Dassault Mercure – 12 units built
• Flying range of aircraft insufficient to meet customer requirements
• Tupolev TU-144 – 16 units built
• Pushed technology boundaries, the aircraft was blighted by
accidents leading to withdrawal from service
• Concorde – 20 units built
• Sales suffered from regulatory restrictions imposed and poor
operational economics
• Airbus A380
• Required expensive infrastructure changes at airports. Ultimately too
large and economics poorQuestions
Non-Confidential
11
© 2021 Rolls-Royce | Not Subject to Export ControlRolls-Royce SMR
September 2021
This information is provided by Rolls-
Royce in good faith based upon the
latest information available to it; no
Sophie Macfarlane-Smith
warranty or representation is given; no
contractual or other binding
Head of Customer Business
commitment is implied
Sophie.Macfarlane-Smith@rolls-royce.com
M +44 (0)7976193127
Non-Confidential
12
© 2021 Rolls-Royce | Not Subject to Export ControlYou can also read
