An exciting advancement over prior AR Summits was the major role that customers played in presentations and hallway conversations. Though nuclear utility operating companies like Duke Energy, TVA, Southern Company and Ontario Power Generation (OPG) made important and encouraging presentations, the strong demand signals provided by Nucor – the largest steelmaker in the US, Dow – one of the largest chemical companies in the world, and Microsoft – one of the world’s largest data center operators – made an even bigger impact on most attendees.

Presentations from Nucore, Microsoft and Dow validated many of the concepts that have long motivated advanced nuclear developers. They showed that credible customers were willing to pay for process heat, always-on carbon free power, and behind the meter installations.

Each of the three said they were willing to assist entities that would own and operate the facilities in obtaining affordable financing by inking long-term, economically viable power purchase agreements (PPAs). Projects with PPAs from established, well-capitalized companies are almost as bankable as a captive base of ratepayers. None of them want to own or operate nuclear power plants.

This post is a sampling of information gleaned during the event. There may be additional posts based on presentations and conversations at the Summit. Several important players in the advanced nuclear community did not attend the conference. //

NuScale has attracted several strategic investors/partners that will help build its plants and/or buy power from those facilities. A notable recent addition to the NuScale team is Nucor, the largest steel maker in the United States.

Nucor is so excited about the capabilities that SMRs offer to meet some of its most challenging requirement that it sent Leon Topalian, its Chairman, President and CEO, to the summit to meet members of NIC and to provide a keynote address. (Attendees also appreciated Nucor’s hospitality as the sponsor of a rooftop welcoming reception.)

Aside: Topalian proudly reminded the audience that Nucor’s initial name was Nuclear Corporation of America. It long ago pivoted to focus on steel making but is now returning to its roots. End Aside.

Nucor operates 50 electric arc furnaces in the US. Its total electricity demand is about 50 GWe that has little variation during the 8760 hours of each per. Assuming Nucor facilities have capacity factors that are close to 90%, its electricity demand is almost 50% of the power produced by the current US nuclear fleet.