June 2020 is IFNEC’s SMR Month
National Market Perspectives on SMR Market Development: Emerging Countries Have a
Conversation on Deployment
3:55 PM – Paris Time
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Shi Lishan - Deputy Director-General, National Energy Administration of China, IFNEC Steering Group Vice-Chair
Opening remarks
Shi LishanDeputy Director-GeneralNational Energy Administration of ChinaIFNEC Steering Group Vice-Chair
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Suzie Jaworowski, Senior Advisor. U.S. Department of Energy, Office of Nuclear Energy & IFNEC Steering Group Chair
IFNEC SMR Month – June 2020
Welcome by
Suzie JaworowskiSenior Advisor. U.S. Department of EnergyOffice of Nuclear EnergyIFNEC Steering Group Chair
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Suzie Jaworowski, Senior Advisor. U.S. Department of Energy, Office of Nuclear Energy & IFNEC Steering Group Chair
IFNEC SMR MonthJune 2, 2020, 14:00 – 15:30 CEST National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
June 9, 2020, 14:00 – 15:30 CEST SMR Financing: Private and Public Options
June 16, 2020, 14:00 – 15:30 CESTSMR Licensing: Sharing Experiences on Regulatory Collaboration
June 23, 2020, 14:00 – 16:00 CESTSMR Vendor Forum: An Open Discussion with Global Vendors to Review Designs and Benefits
June 30, 2020, 14:00 – 15:30 CESTEnergy Synergy (nuclear and renewable) and Hybrid Systems
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
William D. Magwood, IV, Director-General, OECD Nuclear Energy Agency
Keynote
How SMR can Enhance Embarking Country Access to Nuclear
William D. Magwood, IVDirector-General, OECD Nuclear Energy Agency
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Shi Lishan - Deputy Director-General, National Energy Administration of China, IFNEC Steering Group Vice-Chair
Management Issues of Developing an SMR Program
Shi LishanDeputy Director-GeneralNational Energy Administration of ChinaIFNEC Steering Group Vice-Chair
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Jordan’s Nuclear Power Perspective for SMR Deployment
Dr. Kamal ARAJ, Vice ChairmanJordan Atomic Energy Commission
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Jordan’s Country Profile
- Total Area: 89,213 Km2
- Sea Port: Aqaba
- Coastline: 26 Km
- Population: 10.554 million (2019)
60% (15- 64)
35% (below 15)
- Climate: Mediterranean & Arid Desert
- GDP: $42.23 billion (2018)
- Per Capita: $4,096 (2018)
- GDP Growth: 2.6% (2017-2019)
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Generating Plants Capacity [MW]
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Energy Strategy Main Goals
Expanding the
development of
renewable energy
projects
Maximizing the
utilization of domestic
resources
Generating electricity
from Oil shale &
nuclear energy
Promoting energy
efficiency and
awareness
Diversifying the energy
resources
Increasing the share
of local resources in
the energy mix
Reducing the
dependency on
imported oil
Enhancing environment
protection
This will be achieved through
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Jordan Power Balance (2017-2040)
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Two Parallel Paths
Start direct negotiations with interested vendors on the feasibility of construction of 1000 MWe PWR on a BOT/BOOT basis or JV.
Continue technical & economic assessment to down-select to the most viable and suitable SMR options;
Conduct BIS to select the preferred SMR.
Large Reactor (1000 MWe) SMR
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Available Areas and Sites
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Jordan Requirements
GIII+ or better technology
High safety level with passive safety features
Grid compatibility
To be deployable in 2030 time frame as Nth of a kind
Added advantage for ability for co-generation, process heat, etc.
Limited EPZ to site boundary
Possibility of dry cooling
Design to withstand 0.3-0.45 g or greater
Enhanced protection against external hazards
Tariff to off taker competitive with average generation price
Transportability of equipment
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Technology Selection
Assessment of selected SMR technologies is being conducted in two main phases.
• Down-selecting the most advanced and competitive technologies
that are deployable and viable in Jordan
• Exchange of information with the selected Technology Providers
• Information received will then be matched to a initial assessment
criteria matrix
1st Phase
(Generic
Tech.Ass.
Phase)
Preparation of a BIS and Conducting Evaluation to select a Preferred
Vendor 2nd Phase
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Technology Evaluation Approach
The differences between technologies and their impact on Jordan will be assessed
through rigorous evaluation methodologies designed to bring full visibility and
transparency:
Assessment of the vendor technology towards Key Factors (important for Jordan)
Evaluation Matrix
Best-in-Class for each evaluation criteria
Price under competitive environment
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
ACP-100 SMART UK-SMR BWRX-300
Chinese iPWR
• 125 MWe / module
S. Korean iPWR
• 123 MWe / module
British PWR
• 400-450 MWe / module
American iBWR
• 300 Mwe / module
SMRs in Consideration HTR-PM NuScale Xe-100 RITM-200
Chinese HTR
• 110.5 MWe / module
American iPWR
• 60 MWe / module
American HTR
• 81.5 MWe / module
Russian iPWR
• 57 MWe / module
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Project Risks for SMRs
FOAK, lack of operating history
Lisensability by EMRC and Reference Plant concept
No clear IAEA Safety Standards for SMR
Little experience with novel designs
Licensing fees and schedule cannot copy Large LWR
Competitive price with alternatives (RE and natural gas) and large reactors
Adequate & reasonable solution for spent fuel and radioactive waste management
Security implications
Financing
Supply chain
Localization potential
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Financing Challenges
Scale of the investment relative to country’s GDP
Debt to GDP limitations
Hurdles to provide direct sovereign guarantees (material effect on government balance sheet)
Country Credit rating
Limited financing options
Financial constraints
Tariff levels (subsidies)
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Prof. Kamal Araj - Vice Chairman & Commissioner for Nuclear Power Reactors, Jordan Atomic Energy Commission
Thank You
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
SMR and Kenya grid appropriateness
Eng. Erick OhagaDirector, Nuclear Energy Infrastructure DevelopmentNuclear Power and Energy Agency
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
COUNTRY PROFILE
• Location: in East Africa
• Area: 591,971 Km2
• Population 47 Million
• Governance: 47 counties
• Official languages: English, Swahili
• Coastline: 1420KM
• Electricity: Inst. capacity 2,800
• MW
• Electricity Access: 74%
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
KENYA’S INSTALLED CAPACITY
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
KENYA’S PEAK DEMAND PROJECTIONS
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
KENYA’S GENERATION PROJECTIONS
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
KENYA NUCLEAR POWER PROGRAMME
NuPEA’s Mandate is to oversee the implementation of Nuclear Power Programme and Coordinate
Energy R&D Issues.
1.The National Economic and Social Council
(NESC), recommended in
April 2010 adoption of
nuclear power programme as a national priority.
2. Nuclear power
incorporated in the
country’s energy
blueprint
3. A NEPIO,
NEPC was established in 2010
and elevated to
KNEB
4. (2011-2015)KNEB
carried out PFS and other
preliminary technical studies-
5. 2019: Nuclear
Power and Energy Agency
established, KNRA formed
6. 2020:NuPEA planning for land acquisition and
site characterization,
and Research Reactor project
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
KENYA’S NPP MILESTONE APPROACH
• Political Decision to go Nuclear,
• HRD Development
• NPP Strategic Plan
• Nuclear included in the energy Mix
• Undertake INIR Mission
• Pre-feasibility study
• Other Technical studies
Roadmap for Phase 2: 2016-2020
• Setting up a comprehensive legal &
regulatory framework
• Continuous Capacity building programs
• Implementation of PFS findings
• Feasibility Study.
• Complete Development of other NPP
Infrastructure (e.g. site characterization,
reactor selection, financing model)
Milestone 3
Milestone 1
2011-2016
SMR AND KENYA’S GRID APPROPRIATENESS
Economics Considerations
Nuclear Safety Issues
Kenya Grid Appropriateness
Cogeneration Capability
Decommissioning
1
2
3
4
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
Thank You!
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Erick Ohaga - Director, Nuclear Energy Infrastructure Development, Nuclear Power and Energy Agency, Kenya
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Zbigniew Kubacki - Nuclear Energy Department, Ministry of Climate, Poland & IFNEC IDWG Co-Chair
Polish approach to advanced nuclear technologies:SMR perspective
Zbigniew Kubacki
Nuclear Energy DepartmentMinistry of Climate, Poland
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Zbigniew Kubacki - Nuclear Energy Department, Ministry of Climate, Poland & IFNEC IDWG Co-Chair
Optimal use of domestic
Energy resources
Development of renewable energy
sources
Diversification of natural gas and oil
supply and development of infrastructure
Development of heating and
cogeneration
Development of power capacityand tranmission
infrastructure
Development of energy markets
Launch of nuclear energy
Improving energyefficiency
Objectives of the Polish Energy Policy
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Zbigniew Kubacki - Nuclear Energy Department, Ministry of Climate, Poland & IFNEC IDWG Co-Chair
Nuclear power strategy for Poland
1. First nuclear installation, based on the advanced nuclear technology, around 1-1.5 GW until 2033
2. Next 5 new nuclear blocks till 2043 (target 6-9 GW)
3. Ensuring formal and legal conditions as well as
financing mechanism for the nuclear program
4. Human resource development for advanced NPP
5. Scientific and research programs for advanced technologies
6. Evaluation of possibilities for perspective small/modular nuclear technologies (HTR, SMR)
deployment
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Zbigniew Kubacki - Nuclear Energy Department, Ministry of Climate, Poland & IFNEC IDWG Co-Chair
Perspectives on SMR deployment and support for nuclear innovations
• Although priority of Poland is to implement nuclear power program based on large-scale reactorswe are aware of potential future benefits of SMRs (like HTGRs) specially in the are of heatgeneration and co-generation
• We are closely following development of SMR as promising and future technology
• Development of capabilities in the R & D sector in the field advanced nuclear technology, including SMR/HTR
• Several scientific projects for advanced nuclear technologies in Poland, including SMR/HTGR andadvanced materials
• Growing industry interest in SMR deployment, some commercial initiatives
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Zbigniew Kubacki - Nuclear Energy Department, Ministry of Climate, Poland & IFNEC IDWG Co-Chair
Nuclear research institutes
Poland has 4 institutes, subordinated to the Minister of Climate, with high competences and involvementin the field of nuclear power R&D programmes:
1. National Centre for Nuclear Research (NCBJ)
2. Institute for Nuclear Chemistry and Technology (IChTJ)
3. Central Laboratory for Radiological Protection (CLOR)
4. Institute for Plasma Physics and Laser Microfusion (IPFiLM)
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Zbigniew Kubacki - Nuclear Energy Department, Ministry of Climate, Poland & IFNEC IDWG Co-Chair
Advanced nuclear technologies – HTGR project
Decreasing dependence on fossil fuel import. HTGR may be an alternative to replace fossil fuels for industrial heat production. With expected growth of CO2 tax and low discount rate, the cost of the steam from HTGR could be comparable to that from gas, while having more secure availability and more predictable prices.
Decreasing sensitivity of economy to environmental regulations. Industry dependent on fossil fuels might become less competitive in case of stronger environmental regulations (CO2 tax, emission limits, etc.). HTGR being a zero emission technology is immune to that.
Synergy with multi-GW LWR programme. Increasing scientific and industrial potential, upgrading the regulatory framework, developing human resources and creating a supply chain, will be beneficial for both HTGR and LWR projects. Multi-Body Dynamic Analysis Computer Program For the Prismatic Core of a HTGR - Scientific
Figure on ResearchGate. Available from: https://www.researchgate.net/figure/Cross-sectional-view-of-a-HTGR_fig1_281069761 [accessed 7 Nov, 2019]
Having in mind the potential of SMR/HTR technology we initiated the large scientific project on HTGRs(especially for industrial cogeneration) for the evaluation of the the following objectives:
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Zbigniew Kubacki - Nuclear Energy Department, Ministry of Climate, Poland & IFNEC IDWG Co-Chair
1. Poland is closely monitoring development and advancement of SMR technology.
2. The SMR, along with the advanced large scale reactors can contribute to the renaissanceof nuclear power and be a major tool for climate change mitigation
3. We see the largest potential for SMR in Poland in the area of heat generation forindustry and urban heating needs,
4. There are several scientific projects in Poland on advanced nuclear technologies,including SMR/HTR but the priority of Poland is deployment of advanced large scalereactors because we need nuclear power to change dramatically energy mix in thecoming decades
Conclusions
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Zbigniew Kubacki - Nuclear Energy Department, Ministry of Climate, Poland & IFNEC IDWG Co-Chair
Resources for nuclear power infrastructure in Poland
Thank you for attention
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
First EU SMR deployment: Estonia
Kalev KallemetsCEO, Co-Founder
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
Enrico Fermi- leader of 1. world nuclear reactor CP-1
Kalev Kallemets, Ph.D. CEO Sandor Liive, M.A. Chairman of the Board (former CEO of utility Eesti Energia AS)Henri Ormus, M.Sc. Chief Nuclear OfficerMarti Jeltsov, Ph.D. Head of technologyKaspar Kööp, Ph.D. Head of nuclear safetyMait Müntel, Ph.D. Board member (founder and CEO of lingvist.com).Merja Pukari, Ph.D. Head of fuel cycle
Rainer Küngas, Ph.D. hydrogen and CO2 utilisation expert (Haldor Topsoe)Helen Cook legal partnerAllan Vrager heat and power systems engineerMihkel Loide head of communicationsMarten Vändre junior energy analyst
MOU partners: GE Hitachi, Vattenfall, Tractebel, Fortum, KBFI
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
41
60% oil shale power Generation decline due to CO2 prices
Projected CO2 prices in EU 2020-2040, EUR/t
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
NordPool2018/2026neto/delta
-18TWh-50TWh
-20TWh+12/-4TWh
-5 TWh-5 TWh
+48 TWh-72/50TWh
+2 TWh-6 TWh
-1 TWh-1 TWh
-9,6 TWh0 TWh
+17 TWh-13 TWh
+10 TWh0 TWh
1400MW10TWh
1400MW10TWh
5-10 TWhoil rigs
1400MW10TWh
700 MW5 TWh2025
-5,7 TWh-20TWh
-8TWh-25TWh
700 MW5 TWh2025
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
Baltics will end power imports from Russia/Belarus in 2026
Nuclear & wind strategy
BALTIC 2019 2026 2032 2035 2037 2040
Demand 28,5 29,5 29,6 30,4 32 32,6
Oil shale 6 4 3 2 2 0
Nat gas 3,1 3,2 3 3 2,5 2
CHP 3 3,6 4,5 4,9 4,9 4,9
Wind, PV 2 3,2 4,3 5,5 7 8,5
Hydro 3,5 3,7 3,7 3,7 3,7 3,7
Nuclear target 0 0 2,5 5 7,5 10
Net import 10,9 11,8 8,6 6,3 4,4 3,5
CO2 mt 8,75 6,4 5,1 3,9 3,65 1
Imports to Baltics 2018 2019 2026 2032 2035 2037 2040
Finland 0,7 3,5 6,3? 4,4 3,3 1,4 1
Sweden 2,6 3,7 5,4? 4 3 3 2,5
Russia 4,6 7,5 0 0 0 0 0
Belarus 1 1,5 0 0 0 0 0
Poland -1 -2,3 0? 0 0 0 0
Total net import 7,9 13,9 11,7 8,4 6,3 4,4 3,5
CO2 price 15 25 30 35 40 43 46
Baltic €/MWh 47 46 55 56 56 56 56
NG power price 52,5 57 60 62,5 65 66,5 68
Oil shale power price 46,5 50 63 68,5 74 77,3 80,6
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
44
https://nuclear.gepower.com/build-a-plant/products/nuclear-
power-plants-overview/bwrx-300
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
SMR investment case for EU
1. BWRX- 300: credible solution for 35€/MWh LCOE power generation in 2020s; Terrestrial Energy’s
ISMR-400 very attractive MSR for load following, hydrogen.
2. EU carbon neutrality 2050 - total phaseout of fossils in power (inc. NG without CCS)
3. CO2 prices in 2030: 30-50€/t; 2040: 50-80€/t; CCS: 80-100€/t
4. Capacity factor in EU: Wind (2019)- 26%; PVs 10-20%.
5. 100GWe of SMR capacity = 300 of SMRs in EU by 2050.
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
Politics in Estonia
• Gov Climate- and energy committee
• Estonia supports EU climate neutrality
• NIMBY solution with leasehold a major
step
• Officials supportive
• Governemnt committee on nuclear
energy late 2020
Public acceptance of new generation „SMR
to replace fossil power Generation“:
April 2019 51%
October 2019 55%
February 2020 58%
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
2020 studies
1. Site screening of 3-4 sites - Tractebel, Steiger (cooling water modelling TalTach)2. Common study on BWRX-300 construction time 26 months target - Vattenfall, Merko3. SMR licencing model with 12 months licencing – Fortum, Helen Cook4. Industral steam (400GWh), district heating supply (100GWh), direct powerline study &
commercial offer5. Hydrogen & hydrogen derivatives study6. Components manufacturing domestication study7. Research team work: source term/passive safety & Emergency Planning Zone for SMRs8. 2019 studies https://fermi.ee/publikatsioonid/
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
European SMR Alliance founded - 27.01.2020, Tallinn
• European SMR Alliance is founded by SMR deployment organisations that are confident that nuclear energy that is market competitive, investable, inherently safe will have substantial contribution for European Union in achieving carbon neutrality by 2050. In our view, Small Modular Reactors can best meet the above-mentioned criteria with inherently lower investment, technical and deployment risk.
• Founders: Fermi Energia, Synthos Green Energy (Poland), Guardian Power (UK), CEZ (Czech Rep.), Nuclear Ireland (Ireland).
• Open to future partners: SK, SL, ROM, BEL, NL, FIN, UKR, AUS
• Cooperation on know-how exchange, sharing of studies, common workshops (licencing, finance),sharing of business models
• Need to develop venture capital for SMR deployment (100s of VCs in clean tech) to pool billionsof EUR private capital in SMR deployment.
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment
Kalev Kallemets - CEO and cofounder, Fermi Energia
TEEME ÄRA!
LET’S DO IT!
June 2020 is IFNEC’s SMR Month
Stay tuned for our upcoming webinarswww.ifnec.org
3:56 PM – Paris Time
National Market Perspectives on SMR Market Development: Emerging Countries Have a Conversation on Deployment