Energy Northwest is a Washington state, not-for-profit joint operating agency that comprises 27 public power member utilities from across the state serving more than 1.5 million ratepayers. Public utilities in the Northwest and elsewhere are looking for a carbon or fossil fuel hedge. Nuclear generation provides that hedge, and SMR technologies incorporate lessons learned over several decades of operating similar sized U.S. Navy reactors as well as traditional sized commercial reactors. In fact, the American Public Power Association (APPA) recently passed a resolution calling for the federal government to accelerate SMR development and commercialization.
We know that all credible analyses of carbon reduction issues – by the U.S. Environmental Protection Agency, the Energy Information Administration and independent international institutions like the Intergovernmental Panel on Climate Change and the International Energy Agency – have demonstrated unequivocally that the United States and the world cannot achieve meaningful reductions in carbon emissions without preservation of our existing nuclear energy assets and construction of new nuclear generation, including SMRs. An additional benefit of SMR technology is to integrate intermittent renewable sources into the grid more smoothly.
It is expected to take $1 billion to complete NRC design certification. Energy Northwest was pleased that the Department of Energy selected the NuScale Power design for innovative technology funding (matching funds). It is also good to recognize that Fluor Corp., the majority owner of NuScale Power, has the money and commitment to see the design certification process through to completion – but this is a lengthy and expensive process, and, like most innovative technologies, requires investment by partners with shared interests in that technology’s benefits and uses. It should be noted that a substantial portion of the DOE matching funds are expected to be consumed by NRC review fees alone.
Nuclear energy can – and according to all credible experts, must – play a major role in any serious strategy to reduce carbon emissions. As policymakers invest in innovative energy technologies that promise to create job opportunities and new job sectors and reduce carbon emissions, maintaining funding for the promising small modular reactor designs is key to our shared clean energy future.
Energy Northwest has joined a teaming partnership with NuScale Power and the Utah Associated Municipal Power Services under which Energy Northwest would have first right of offer to operate a NuScale SMR. We remain very positive about the potential of SMRs to contribute to the low-carbon energy mix in the Pacific Northwest. We are looking at the 2023 time frame, realistically, for generating electricity from an SMR.