ST. LOUIS (Nov. 14, 2012) – Nearly 300 regional businesses attended the Small Modular Reactor (SMR) Supplier Summit – hosted by Westinghouse Electric Company and Ameren Missouri – to better understand the magnitude of the potential SMR project and receive firsthand information for capitalizing on the economic development opportunity. Click here to see a video recap of the summit.
The summit, held in St. Louis, bolstered the interest of companies to consider Missouri as becoming the global hub for the design, development, manufacturing and construction of American-made SMRs.
In May, Westinghouse applied for $452 million in federal funding to help build an SMR at Ameren Missouri’s Callaway Energy Center in Callaway County, Mo. With the companies awaiting a decision from the Department of Energy (DOE), Ron Sangster, sales manager at Centrex Electrical Supply Corp. in St. Louis, said he appreciates the opportunity to learn about the project, as well as the lead time to begin thinking about his company’s involvement with the project.
“As a vendor, I’m thrilled,” Sangster said. “One of the presentations indicted there would be nearly $360 million spent on electrical distribution equipment alone. This event really gives me an opportunity to plan ahead and look forward to how we can participate in the supply chain process.”
During the event, Westinghouse and Ameren Missouri officials discussed plans that could result in the construction of a Westinghouse SMR at Ameren Missouri's Callaway Energy Center. Missouri Gov. Jay Nixon spoke about the prospects of Missouri becoming the manufacturing hub for SMR deployment. Geoffrey Black, a leading authority on the emerging SMR industry and chair of the Department of Economics at Boise State University, talked about how developing a domestic SMR industry can positively impact the national and regional economies. In his presentation, Black noted that a U.S.-based SMR industry could generate more than $250 billion of economic activity between now and 2030.
The Westinghouse SMR is designed to be 100 percent U.S. sourced and 90 percent modular with standardized designs, parts, and components. Westinghouse SMRs will be manufactured in high-volume factory settings then shipped by rail, truck and barge from America’s heartland to destinations around the world for assembly at nuclear energy generation sites. Specifically, the SMR project could provide Missouri with a tremendous opportunity to attract a significant number of new manufacturing, engineering, design, construction and skilled craft jobs, as well as many other associated jobs.
“I definitely see the economic opportunities, which are enormous for the state,” said Dale Taylor, who attended on behalf of Columbia, Mo.-based Snyder Engineering Inc. “This must be one of the largest potential projects in Missouri. There will be a trickle-down effect for many companies due to the services that will need to be provided.”
Ameren Missouri is the operating license partner in the Westinghouse application to secure Department of Energy (DOE) SMR investment funds. The investment funds are part of a DOE near-term, multi year initiative focused on the completion of design certification and licensing activities for safe, secure and economical SMR projects that have the strongest potential of achieving a Commercial Operation Date (COD) at a U.S. site by 2022. The 50-50 cost-share agreement between the DOE and private industry is planned to span a five-year period and the funds available will be subject to Congressional appropriations. A total investment by the DOE of $452 million has been earmarked for its SMR program and private industry must match the government funding it receives.
The Westinghouse SMR is a 225 MWe integral pressurized water reactor (PWR) with all primary components located inside of the reactor vessel. It is the company's next product innovation using passive safety systems and proven components, as well as modular construction techniques – all realized and already licensed in the nuclear industry-leading AP1000® nuclear power plant design, the first and only Generation III+ reactor to receive Design Certification from the U.S. NRC and which is currently being built in China and the U.S. Westinghouse believes that by building upon the concepts and advances in technology achieved in the Westinghouse AP1000 reactor, the Westinghouse SMR design will offer licensing, construction and operational certainty that no other SMR supplier can match with competitive economics.
Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world's pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world's first pressurized water reactor in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants.