Peninsula Energy Limited · ASX:PEN
Peninsula Energy — Investor Presentation (July 2021)
25 slides from Peninsula Energy's investor presentation, Jul 14, 2021
Slide 1: Next-Generation Nuclear Power Plant and Jobs Are Coming to Wyoming
NE X T-GE NE R AT I O N NU C LE AR P OW E R PLANT AND JOBS ARE COMING TO WYOMING P R E S E N T E D B Y W A Y N E H E I L I M D / C E O - P E N I N S U L A E N E R G Y
Slide 2: Wyoming's Clean Energy Future
WYOMING’S CLEAN ENERGY FUTURE • In June, TerraPower announced plans to locate it’s Natrium Advanced Reactor Demonstration Program Plant at a retiring PacifiCorp coal fired power plant site in Wyoming • The US Dept. of Energy (DOE) is sharing the costs to support the licensing, construction and demon
Slide 3: How Does a Nuclear Power Plant Work?
HOW DOES A NUCLEAR POWER PLANT WORK? • The basis for generating electricity at a nuclear power plant is to utilize the heat energy generated by the controlled fission of uranium isotopes to produce steam which turns a standard turbine generator • Steam turbine generators are also used in wood, coal,
Slide 4: Boiling Water Reactor (BWR)
• Water is used as a heat exchange media • Water is heated to steam inside the reactor vessel • Steam exits the containment structure and turns a turbine to generate electricity • Used steam is condensed with cooling water and returned to the reactor vessel to be reheated B O I L I N G WAT E R R E A
Slide 5: Pressurized Water Reactor (PWR)
• A Primary water loop circulates through the reactor vessel producing superheated water under high pressure • The superheated water loop exchanges heat with a secondary water loop where steam is generated, all inside the containment structure • Steam exits the containment structure and turns a turb
Slide 6: Ringhals NPP, Sweden
R3 & R4: Twin 1,120 MWe PWR’s Vintage 1981/1983 R I N G H A L S N P P, S W E D E N R1 910 MWe BWR retired Dec-2020 R2 910 MWe BWR retired Dec-2019
Slide 7: Taishan NPP, Guangdong Province, China
T A I S H A N N P P, GUANGDONG PROVINCE CHINA Twin 1,750 MWe EPR’s (Advanced PWR Reactors) placed on-line in December-2018 and September-2019 respectively
Slide 8: Sodium-Cooled Fast Reactor (SFR)
• Molten sodium replaces water as the primary heat exchange media in the reactor vessel • Hot primary sodium exchanges heat to a secondary sodium loop to produce hot secondary sodium • Hot secondary sodium exits the containment structure and then exchanges heat to water in a steam generator located
Slide 9: TerraPower's Natrium Small Modular Reactor (SMR)
T E RRAPOWER’S NAT RI UM SF R Natrium means “sodium” in latin SMALL MODULAR REACTOR 345 MWe SFR (SMR)
Slide 10: Artist Rendering of the Natrium SMR Nuclear Power Plant
ARTIST RENDERING OF THE NAT RI UM SMR NUCLEAR POWER PLANT
Slide 11: Natrium
NATRIUM ¢ 345 MWe reactor ¢ Gigawatt-hour-scale energy storage (capacity of 500 MWe output for 5.5+ hours) * Cost-competitive, flexible technology that supports load following, energy storage and industrial process heat applications
Slide 12: Time Out for STEM Education
T I M E O U T F O R S T E M E D U C AT I O N “THE NATRIUM PLANT CAN STORE GIGAWATT-HOUR SCALE ENERGY” … CONTEXT PLEASE! • A watt is a measure of power • 1,000 watts equals 1 kilowatt (kW). • 1,000 kW equals 1 megawatt (MW) • 1,000 MW equals 1 gigawatt (GW), or 1 billion watts • Gigawatt-hours and ki
Slide 13: The Natrium Reactor Advantage
T H E N AT R I U M REACTOR A D VA N TA G E • The innovative combination of an advanced sodium fast reactor with energy storage allows the reactor to operate at a high capacity-factor while simultaneously capturing more daily electricity revenue and supporting the increased use of renewables.
Slide 14: Advantage #1 Energy Storage – Like a Battery
A D VA N TA G E # 1 E N E R G Y S T O R A G E – L I K E A B AT T E RY • The Natrium design includes the capacity to store heat in tanks of molten salt for use when the grid demands more power • It’s the first nuclear concept to integrate large-scale storage capabilities • The storage capability can
Slide 15: Advantage #2 Advanced Safety Features
A D VA N TA G E # 2 A D VA N C E D S A F E T Y F E AT U R E S DESPITE NUCLEAR POWER’S REPUTATION, IT IS ACTUALLY THE SAFEST FORM OF POWER GENERATION WHEN ANALYSED BY DEATHS PER UNIT OF ELECTRICITY GENERATED • Designed with passive cooling systems • Can prevent accidents like what happened at Fukushi
Slide 16: Advantage #3 Lower Construction Costs
A D VA N TA G E # 3 LOWER CONSTRUCTION COSTS IN AMERICA, THE CAPITAL COST OF BUILDING CONVENTIONAL NUCLEAR POWER PLANTS PRESENTS THE BIGGEST HURDLE FOR A UTILITY COMPANY • Two new units being built at Plant Vogtle in Georgia are expected to cost more than $25 billion. • The target cost for a commerc
Slide 17: Advantage #4 Less Nuclear Waste
A D VA N TA G E # 4 LESS NUCLEAR WASTE WITH NO PERMANENT STORAGE SOLUTION IN USE IN THE US, NUCLEAR WASTE IS CURRENTLY STORED IN CONCRETE AND STEEL CASKS AT THE FACILITY WHERE IT WAS GENERATED • Advanced reactors produce less waste by using the fuel more efficiently and more completely • Natrium wil
Slide 18: Benefit to Wyoming: Employment Opportunities
BENEFIT TO WYOMING: EMPLOYMENT OPPORTUNITIES • 2,000 – 3,000 construction jobs • 300-400 permanent jobs • Wyoming is projected to lose around 1,600 jobs over the next decade due to PacifiCorp reducing its coal fleet
Slide 19: Where Will It Be Built?
TerraPower and PacifiCorp identified four possible Wyoming sites for the Natrium Demonstration plant. 1. Dave Johnston Plant, Glenrock 2. Jim Bridger Plant, Rock Springs 3. Naughton Plant, Kemmerer 4. WyoDak Plant, Gillette WHERE WILL Siting factors include IT BE BUILT? 1. Access to infrastructure 2
Slide 20: Runner Up…Jim Bridger Plant
“ I F I WA S T O P L AC E A B E T … ” DAV E J O H N S T O N GLENROCK • DJ is scheduled to retire in 2027 – same timeframe as aspirational date to start Natrium • DJ has sufficient infrastructure for two modular Natrium SMR’s • 922 MWe connection to grid • DJ ‘s retirement will leave unmet regional e
Slide 21: Licensing Challenges
Licensing • A first of a kind reactor • A tight schedule • TerraPower plans to apply for a CHALLENGES construction permit in 2023 • TerraPower plans to apply for a NPP operating license in 2026 • TerraPower hopes to be operating in 2028
Slide 22: Cost Control Challenges
Cost Control • A first of a kind reactor CHALLENGES • Construction cost control • THE KEY to future opportunities for SMR’s in free market economies
Slide 23: Fuel Procurement Challenges
Fuel Procurement • Requires High Assay Low Enriched Uranium (HALEU) Fuel • Only Russia’s State-Owned Company (TENEX) has commercial HALEU production capabilities now CHALLENGES • US-Based CENTRUS recently gained its license to demonstrate limited HALEU production • Wyoming uranium miners would like
Slide 24: Licensed Uranium Production Capacity in the US & Wyoming
Production County, state (existing and capacity (pounds In-situ-leach plant owner In-situ-leach plant name planned locations) U3O8 per year) Uranium Energy Corp Reno Creek Campbell, Wyoming 2,000,000 LICENSED Fall River and Custer, South Azarga Uranium Corp Dewey Burdock Project Dakota 1,000,000 Cam
Slide 25: What Do You Think?
W H AT D O YOU THINK?