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/
Contact Us - [email protected]