Nuclear Renaissance in the United StatesA Rebirth of Nuclear Power

Jeffrey Hamel, Senior Project ManagerAdvanced Nuclear Technology Program

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A Sign of A Nuclear Renaissance…

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Nuclear…A Concentrated Zero Emissions Fuel Source

= 3 kWh

1kg of Coal =

= 1 kWh

1 kg of Firewood =

= 50,000 kWh

1kg of Uranium =

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Source: Nuclear Energy Institute

Current U.S. Nuclear Plants104 Plants in 31 States

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Why Nuclear….Why New Nuclear?

1. Sustained high output and performance

2. Competitive economics

3. Climate change

Several factors are driving the resurgence of nuclear power worldwide…

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20 Years of U.S. Nuclear Industry Efficiency Gains

20

40

60

80

100

120

140

160

180

200

1973

1974

1975

1976

1977

1978

1979

1980

1981

1982

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1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

Num

ber o

f Ope

ratin

g Pl

ants

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

Out

put (

giga

wat

thou

rs)

PlantsOutput

Sources: Nuclear Energy Institute & Energy Information Administration

Equivalent to Adding 27 New Nuclear Plants

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U.S. Nuclear Plants Sustaining ~90% Capacity Factor91% Average Capacity Factor for 2007

Wind / Solar

Coal

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Economic Performance Continues to ImproveFuel Represents ~25% of Nuclear’s Production Costs

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30

40

50

60

70

80

90

100

110

120

0 10 20 30 40 50

Levelized Cost of Electricity, $/MWh

Cost of CO2, $/Metric Ton

IGCC

PC

Wind (32.5% Capacity Factor)

Nuclear

Biomass

NGCC ($8/MMBtu)

Rev. Oct 2007

All figures in 2006 $

Electricity Generation Options 2010–2015Baseload of Choice…?

Cost of Carbon?Recent EU Emission Trading Scheme (EU ETS)

band for European Union Allowances (EUAs)

$3500/kW

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U.S. Nuclear Plant Impact on CO2 EmissionsLargest Domestic Source of Emissions-Free Energy

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

1973

1976

1979

1982

1985

1988

1991

1994

1997

2000

2003

2006

CO2

Emis

sion

s Av

oide

d (m

illio

n m

etric

tons

)

0

200,000

400,000

600,000

800,000

1,000,000

Out

put (

giga

wat

thou

rs)

Avoided CO2Output

681M metric tons avoided in 2006(29% of 2006 industry CO2 emissions)

Sources: Nuclear Energy Institute & Energy Information Administration

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*Westinghouse AP1000 (1115 MWe)

GE ESBWR (1535 MWe)

AREVA US EPR (1600 MWe)

*GE ABWR (1371 MWe)

Near-Term Deployment Technologies Being PursuedGen III/III+ LWR Technology

MHI APWR (1700 MWe)

* Design Certified

5ESBWR

7EPR

Current Status of Announced U.S.

Intentions

2APWR

2ABWR

4TBD

14AP1000

UnitsTechnology

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0.0

5.0

10.0

15.0

20.0

25.0

Jan-

69

Jan-

71

Jan-

73

Jan-

75

Jan-

77

Jan-

79

Jan-

81

Jan-

83

Jan-

85

Jan-

87

Jan-

89

Jan-

91

Jan-

93

Jan-

95

Jan-

97

Jan-

99

OL Issuance

Dur

atio

n of

Con

stru

ctio

n

Avg = 5.6 yrs Avg = 11.1 yrs

Improving Upon The Past…

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U.S. New Nuclear Plant AnnouncementsConcentrated at Existing Plant Sites

New Nuclear Plant Announcements

Totaling Over 42GWe*

* Assume Average 1,250 MWe per UnitSource: NEI and various press releases – Aug 2007

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Technology Milestones

Deployment Targets

Initial deployment of ALWRs in U.S.

60 year licenses in place. First decisions to

extend to 80-year life.

60-year licenses begin to expire. Many extensions to 80 years completed/in process.

Initial 40-year licenses would begin to expire

~24 GWe new

ALWRs

~64 GWe new

ALWRs

2005 2010 2015 20252020 2030

Current Fleet…

…New Fleet

Forward Looking Vision…In the U.S.

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Status of Nuclear Power WorldwideSignificant Expansion and Future Interest

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A Variety Of Variables In Play…

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…So What Is EPRI Doing To Advance Near-Term Deployment of New Nuclear Units?

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Materials and Fuels Research Maintenance Optimization

Seismic / NDE / Cooling Technologies

Interim On-Site StorageGeological RepositoryFast Breeder ResearchGNEP Support

Public/Private Demonstration PlantHydrogen Production

High Temperature Process Heat SuperGrid Support

Technology Transfer / Lessons Learned Technology Assessment (URD)

New Plant MaterialsSeismic Issues Resolution

New Plant Equipment ReliabilityNon-Destructive Evaluation Initiatives

Integrated Spent Fuel Management

Current PlantTechnology

Next GenerationNuclear Plants

Near Term Deployment of ALWRs

EPRI’s Focal Point for New Plant ActivitiesLinking Lessons Learned to Future Opportunity

Advanced Nuclear Technology Program

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EPRI’s ANT Program…Leveraging the Industry

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EPRI’s Advanced Nuclear Technology Program Websitehttp://www.epri.com/ant

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In Closing…