Prospectus - U-Battery · Page 2 U-Battery Prospectus U-Battery Prospectus Page 3 Introducing...

Prospectus

February 2017

U-Battery Prospectus U-Battery Prospectus

U-Battery ConceptIntroducing U-Battery

U-Battery is a micro nuclear reactor that will mainly target the markets for industrial power units and off-grid applications.

The modular design of U-Battery will enable it to be factory-built and delivered to the site where it will operate. This will lead to faster and less expensive build times as well as simplicity in transporting the product to a global set of customers.

U-Battery is powered by intrinsically safe TRISO fuel which prevents the release of radioactive material minimising the need for back-up shutdown systems and reduces the size of any emergency planning zone allowing the energy source to be located directly adjacent to the point of use.

U-Battery Single Generation Hall

U-Battery is a micro modular reactor (MMR) which will be able to produce local power and heat for a range of energy needs. The concept design was developed by the Universities of Manchester (UK) and Delft (Netherlands) after the project was initiated in 2008 by URENCO, the energy and technology company.

The ambition is to have the demonstration U-Battery operating by 2025.

The U-Battery fits inside the penalty area of a football pitch

(Scale drawing)

Underground Reactor Building

Low ProfileCooling Tower

Electrical Output

SpareFuel

CartridgeStore

SpareFuel

CartridgeStore

ReactorTurbine

Generator

Removable Access Covers




Overground Maintenance Hall

IntermediateHeat

Exchange

U-Battery Single Generation Hall

Single unit - U-Battery produces 10MWt which can be delivered in a heat/electricity CoGen configuration with up to 4MWe as electricity.

Gas cooled – helium in primary circuit, nitrogen in secondary circuit (no water).

TRISO fuel – high integrity. In combination with low absolute power and absence of water eliminates need for multiple back-up shutdown systems.

Heat and power source – 750°C process heat.

At a Glance

Page 6 U-Battery Prospectus U-Battery Prospectus

U-Battery is the result of a challenge initially set to University of Manchester, Dalton Institute and the Technical University of Delft to use existing, developed technology to bring nuclear to a market that, to date, has been serviced by diesel or other smaller sized fossil-fuel or renewable technologies. The universities were asked to consider all nuclear technologies that were available but to then discount those that would require long research cycles.

Thus, from the start U-Battery was a commercially-driven development looking to low-cost, low risk technology that would be able to compete on its own merits with other non-nuclear options in the market place.

The commercial drivers were simplicity of design that would enable short, low cost, low risk design and licensing and a focus on modularity that would permit quality assurance and testing at the factory before modules were transported to the customer’s site. Such modularity minimizes civil construction and on-site assembly times reducing construction risk and financing costs.

Over a three year period, the Universities collaborated in the conceptual design of such a unit. The feasibility study was completed in 2011 and concluded that the appropriate technology

that achieved the economics to compete in the market was high temperature gas reactor powered by TRISO fuel – the U-Battery.

The study confirmed that there were opportunities to design a reactor that would be competitive when deployed in industrial sites and remote locations and later developed for further applications such as emergency power for large reactors, desalination and hydrogen production.

Now with the combined support of URENCO and industry partners, the development of U-Battery presents a host of economic, industrial and environmental opportunities contributing to the solution of the energy trilemma (secure, economic and sustainable energy) enabling the development of a low-carbon economy.

Recent ProgressU-Battery achieved some significant milestones in 2016. Further design development confirmed and refined the conceptual design to the stage needed for partners to be ready to commit to further investment. Developments included both those of significant value in the nuclear island, (Reactor Pressure Vessel, Intermediate Heat Exchanger, Helium Pump), and conventional equipment including turbine/generator sets.

The improved design enabled the next level engineering, licensing, procurement and manufacturing capital cost estimate to be completed. Engagement with Tier 1 suppliers during the cost estimate review gave enhanced confidence to the capital cost estimate with a number of areas being simplified.

Engagement with governments, markets and licensing authorities has confirmed the early phase deployment targets.

With these milestones achieved, U-Battery is engaging with potential suppliers in areas such as the manufacture, supply and value engineering of key components. One of the first steps in 2017 will be the establishment of a dedicated design and licensing team located at partner company AMEC FW’s Birchwood offices.

Origin of U-Battery About TRISO Fuel

Fuel Kernel

TRISO Coated Fuel Particle

TRISO Fuel Compact

Low Density PyC

26mm

Silicon Carbide

High Density PyC

39mm

0.92mm

TRISO fuel is constructed by triple-coating spherical particles of uranium fuel. A uranium centre is coated in a layer of pyrolytic carbon, which in turn is coated in silicon carbide, with a further outer layer of carbon.

The structure and spherical shape of TRISO fuel means that it maintains its integrity under extreme conditions.

TRISO fuel is based on proven technology. It was originally developed in the 1960s and is currently being manufactured in the USA by BWXT. The fuel is being developed further, a long way beyond what is needed for U-Battery under a programme funded by the US Department of Energy.

Primary System


Energy Trilemma Markets• In UK and many other countries the market is for embedded generation at industrial sites.

Many sites can make use of the cogeneration capability. Such deployment avoids significant grid connection costs.

• In Canada, there are many remote communities that are not connected to a national grid and rely on diesel generation for power. This is true for many islands and parts of the developing world where deployment would obviate the need to and cost of building a national grid.

• In the nuclear industry, U-Batteries could be always-on emergency generators for large nuclear power plants.

• Desalination is a further application. Currently there are 18,000 desalination plants around the world and annual demand is 1,000 units.

Secure EnergyEnergy providers must have the ability

to meet current and future demand. This requires the ongoing development of a

reliable energy infrastructure and effective management of primary supply

of domestic and external sources.

Economic EnergyThe ability to provide accessibility and

affordability of energy across the nation.

Sustainable EnergyThis encompasses the development of the energy supply from low carbon and renewable sources whilst reducing the

nation’s reliability on oil and gas.

0

50

100

150

200

250

Taking the U-Battery Concept to Market30th April 2014

Collinson Grant: Independent Assessment

2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036

UK Rest of the World

2 225 25

3445

6586

105

138

165

200

6 9 15 19 223229 35 37 39

2021

55

Projected U-Battery installations between 2021 and 2036 based on relative attractiveness of country markets


Why U-Battery? About UsU-Battery is:

Affordable: it can be manufactured in a factory, reducing construction costs. The Consortium estimates that by the 4th of a kind unit, U-Battery’s capital cost will be between £40 and £70 million.

Flexible: can be deployed locally to demand, eliminating grid and infrastructure costs.

UK designed: UK project team, developing UK Intellectual Property.

Beneficial to local economies: over the next ten years, U-Battery could contribute significantly to the economy. For example, the potential macroeconomic benefits are:

• 20,000 direct jobs.

• 13,000 indirect jobs.

• £2.8 billion direct gross value added.

• £1.8 billion indirect gross value added.

Low carbon: provides an alternative to other micro fossil fuel based energy sources, benefiting the environment and the low carbon economy.

Complementary: complements large and small nuclear reactor models.

Adaptable: can be used in a number of situations, including as an embedded resource, in off-grid locations, as a back-up energy supply and potentially to load follow, including linkage to energy storage systems.

Supporting Organisations

Intermediate Heat Exchanger

URENCO is an international supplier of enrichment services with its head office based close to London, UK. With plants in Germany, the Netherlands, the UK and in the USA, it operates in a pivotal area of the nuclear fuel supply chain which enables the sustainable generation of electricity for consumers around the world.

Utilising URENCO’s own world leading centrifuge technology, URENCO provides safe, cost-effective and reliable uranium enrichment services for civil power generation within a framework of high environmental, social and corporate responsibility standards.

Partners

Amec Foster Wheeler designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

With pro-forma 2013 annualised scope revenues of £5.5 billion and over 40,000 employees in more than 50 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

Cammell Laird has a long track record of innovation in the manufacture and commissioning of ships and large complex structures for the marine, offshore and energy sectors. A proven record of delivery to time and budget, combined with large scale production facilities, a highly skilled workforce and geographical location makes Cammell Laird the ideal manufacturing partner for the renaissance of the UK’s nuclear energy program.

Laing O’Rourke is a privately owned, internationally focussed engineering enterprise with world-class capabilities spanning the entire client value chain. Laing O’Rourke operates an integrated business model comprising the full range of engineering, construction and asset management services delivering single-source solutions for some of the world’s most prestigious public and private organisations.


Our Team

Steve Threlfall General Manager, U-Battery

Steve Threlfall is the General Manager for and leads the U-Battery development. During his thirty year career at URENCO, Steve has had increasing responsibility in commercially-focussed roles. In recent years, he has been responsible for the successful development and delivery of a wide variety of complex global projects, leading the company’s uranium activities and, previously, a four year secondment to URENCO’s US marketing office at a pivotal time in developing the company’s future in that market.

Paul HardingSenior Adviser, U-Battery

Paul is an advisor to the senior management of URENCO with a focus to advance the demonstration and commercialisation of Small Modular Reactors. Previously, Paul was the Executive Commercial Director of the URENCO Group and Managing Director of URENCO UK.

Jonathan BrownManaging Director, Energy Cammell Laird Shiprepairers and Shipbuilders

Jonathan joined Cammell Laird in July 2016 to lead the Energy team, which provides engineering consultancy, component manufacture, module assembly and a logistics service throughout the Energy Sector.

Before joining Cammell Laird, Jonathan was President New Build and Projects and COO for Rolls-Royce Nuclear. He worked with Cammell Laird to develop new UK manufacturing capability and position the UK for, and then win significant business in nuclear projects.

Before that Jonathan held a number of positions in the nuclear industry, including Infrastructure Director for AWE plc and Commissioning Manager for major projects at Sellafield, and, from 2007, worked for Serco plc in a number of roles, latterly as Managing Director Energy.

Jonathan is a Chartered Chemical Engineer and a Fellow of both the Institute of Chemical Engineers and the Institute of Directors.

John EldridgePrincipal Engineer (Nuclear), Cammell Laird

John Eldridge is a Chartered Engineer and Fellow of the Institution of Mechanical Engineers with over 40 years experience in the nuclear industry covering research and power reactors, irradiated fuel processing, fuel storage and waste treatment plants. His experience covers design, construction, commissioning and operation of major facilities at Sellafield and other sites in the UK and overseas.

Professor Tim AbramProfessor in Nuclear Fuel Technology, University of Manchester, Dalton Institute

Tim Abram joined the University in 2008 as the first holder of the Westinghouse Chair in Nuclear Fuel Technology. Prior to this appointment he gained over 21 years’ experience in the nuclear fuels and research sectors, both in the UK and the USA. He has participated in over 15 European Framework research programmes in nuclear fuel and reactor technology, and is the UK’s representative on the IAEA Technical Group on Fast Reactors and Accelerator-Driven Systems.

He was co-author of the Fuels and Materials section of the Generation-IV Roadmap, and has actively participated in the programme since its inception in 2000, most recently as the Euratom representative and Co-Chair of the VHTR Project Management Board for Fuel and Fuel Cycle research.

Prior to joining the University, Prof. Abram was the Senior Research Fellow for Fuels and Reactor Systems at the UK’s National Nuclear Laboratory, where he retains the position of Associate Fellow.

Andrew BaileySenior Operations Director, Clean Energy Europe, Amec Foster Wheeler – Lead

Andrew is Senior Operations Director for Amec Foster Wheeler’s Clean Energy Europe division, with a history of involvement in Gen IV nuclear programmes. He is also Chair of Amec Foster Wheeler’s Small Modular Reactor steering group.

Sean DonnellyManager, Station Operations and Licensing, Amec Foster Wheeler Nuclear Canada

Sean Donnelly is a Professional Engineer and an experienced project manager, technical contributor and integrator in a wide variety of multi-disciplinary projects. Sean is currently the Manager of Station Operations and Licensing at Amec Foster Wheeler Nuclear Canada.

His technical experience ranges across various specialities in the safety and licensing area with a focus on applications of operational nuclear safety, accident management, emergency preparedness, and nuclear security. Sean has been involved in various new build programs and licensing activities related to plant life extension and refurbishment. He is responsible for Amec Foster Wheeler’s involvement in Small Modular Reactors in Canada.

Greg WillettsVice President Consultancy, Clean Energy Europe, Amec Foster Wheeler

Greg has 25 years nuclear industry experience, 15 in business leadership positions providing technical consultancy to nuclear new build, reactor operations through to decommissioning in civil and defence nuclear across Europe. Greg is currently responsible for all aspects of Amec Foster Wheeler’s 450 strong Consultancy business which provides expert advice, regulatory support and Technology & Innovation solutions utilising the Amec Foster Wheeler extensive laboratory and test rig facilities.

Management TeamIn March 2014, John joined Cammell Laird as Principal Engineer (Nuclear) after being employed for many years by Sellafield Ltd in a number of senior engineering and production roles. John is actively involved in the IMechE, facilitating selection panels for prospective corporate members and is a Visiting Professor at the School of Engineering, University of Liverpool.

John RobertsCivil Director – Engineering Excellence Group, Laing O’Rourke

John is the Civil Innovation Director in Laing O’Rourke’s Engineering Excellence Group. His team focuses on the Infrastructure sectors of Power, Water and Rail, developing new products and digital strategies supporting offsite manufacture, assisting the deployment of these into projects, and collaborating with academia and other partners. John is a Fellow of the Institution of Civil Engineers and a member of their BIM Action Group.

Previously, John has 30 years’ experience as design leader at Arup and Atkins, and has been based in the UK, US, India and China. Projects range from furniture, through offices and retractable roofed stadia and into, most recently, rail stations and Class 2 nuclear defence design and construction.


£16m

The U-Battery journey:

Timeline

Contact DetailsFor project-related enquiries:Steve Threlfall General Manager, U-Battery+44 1753 660 660

[email protected]

For media enquiries:Jayne HallettDirector of Corporate CommunicationsURENCO Group

+44 1753 660 660

[email protected]

Madano +44 20 7593 4000

[email protected]

u-battery.com

U-Battery Prospectus February 2017

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