Small Modular Reactors: Nuclear’s Big Opportunity in a Little Package


Small Modular Reactors

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The U.S. has nearly 100 nuclear reactors, and they are all big – and have a large capital cost. But a new concept in nuclear power could make it easier to build and finance new reactors. Small modular reactors could be built in factories and shipped to wherever reliable low-emission electricity is needed, all for less cost than conventional large nuclear plants. Join Jose N. Reyes, Chief Technology Officer at NuScale Power, and Paul Murphy, special counsel at Milbank, Tweed, Hadley & McCloy, for a live webinar to learn more about the technological, economic, and regulatory promises and challenges regarding small nuclear reactors.

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Featured Presentations:

Presenter: Jose N. Reyes, Ph.D.
Chief Technology Officer
NuScale Power

An Overview of the NuScale SMR
NuScale is developing a 45 MWe power module that includes a factory-built nuclear reactor and containment vessel. Those modules can be delivered to a site and installed in a variety of configurations, up to a 12-module, 540-MWe plant. One indication of the interest in the concept is that NuScale recently was selected for a $226M matching grant by the U.S. Department of Energy for development of its SMR. Dr. Reyes will present an overview of NuScale's technology and the company's innovative approach to safety, economics, and scalability.

Presenter: Paul Murphy,
Special Counsel / Project Finance Group
Milbank, Tweed, Hadley & McCloy LLP

Development and Financing of SMR Projects
Financing is considered to be the biggest challenge in bringing nuclear power projects to market. However, there is hope that by resolving some of the uncertainty in delivery dates, small modular reactors may be easier for lenders and investors to accept. Mr. Murphy will examine whether such optimism in regards to SMRs is well-founded and where classic nuclear challenges and risks to financiers still remain. In addition, there will be discussion on how regulatory uncertainty and "first of a kind" issues might be dealt with in order to increase the possibility of success for SMRs.

Jeffrey Winters
Senior Editor, Mechanical Engineering

Jeffrey Winters is Senior Editor at ASME's magazine, Mechanical Engineering, where he has focused on energy and related issues. Mr. Winters has written about a wide variety of science and technology topics since the early 1990s, with his work appearing in magazines such as Discover, The Sciences, Popular Science, and Psychology Today.

About the Presenters

Dr. Reyes is the co-founder of NuScale Power and co-designer of the NuScale passively-cooled small nuclear reactor. He is an internationally recognized expert on passive safety system design, testing and operations for nuclear power plants. He currently serves as a United Nations International Atomic Energy Agency (IAEA) technical expert on passive safety systems. Dr. Reyes successfully established a 17-nation coordinated research program on passive safety systems for the IAEA and also developed and directed a course on natural circulation and passive safety systems at the International Center for Theoretical Physics in Trieste, Italy.

Jose N. Reyes, Ph.D.

Jose N. Reyes, Ph.D.

Jose is the co-founder of NuScale
Power and co-designer of the NuScale
small modular reactor

Paul Murphy's practice focuses on multiple aspects of the nuclear industry – from legal and policy matters, including international regulatory and treaty frameworks and issues regarding nuclear liability, to strategies for creating viable nuclear power programs and the identification and mitigation of associated risks – representing developers/owners, investors, and contractors on nuclear projects internationally.

Paul Murphy

Paul Murphy

Special Counsel / Project Finance Group,
Milbank, Tweed, Hadley & McCloy LLP

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