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Atoms for Peace +50Atoms for Peace +50
Andy White – President & CEO, GE Nuclear Energy
Sustainable Nuclear GrowthSustainable Nuclear Growth
The original Atomic Industrial Forum members envisioned an Industry prospering through:
• Advanced Engineering
• Business Acumen
• Enlightened Public Policy
Suppliers, Owners & Policy Makers … All Have Key RolesSuppliers, Owners & Policy Makers … All Have Key Roles
Nuclear Industry SuccessNuclear Industry Success
• Safety
• Plant Performance
• Economics and owner value
• Environmental impact
The measures of success are the same today as they were 50 years ago:
Has The Vision of Atoms for Peace Been Achieved?Has The Vision of Atoms for Peace Been Achieved?
Nuclear Performance Gains UnparalleledNuclear Performance Gains Unparalleled
Safety & Performance Gains Are LinkedSafety & Performance Gains Are Linked
0%
50%
100%
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Year
Cap
acit
y F
acto
r
0
500
1000
Gen
erat
ion
(B
illi
on
Kw
hr)71 71 74 77 76 74
80 85 87 89 90
RecordPerformance778 Billion kWhrs
GenerationCapacity FactorCDF
Nuclear Generation Costs Down 40% Nuclear Generation Costs Down 40%
Driven by Performance ImprovementsDriven by Performance Improvements
0
5
10
15
20
25
30
35
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Gen
erat
ion
Co
sts
($/M
wh
r) 30.3 29.927.3
25.5 25.227.2
23.521.2 20.5 19.4 18.8
FuelCapital ImproveO&M
2002 Dollars
The EnvironmentThe Environment
Provides Emission Free & Sustainable Energy ResourceProvides Emission Free & Sustainable Energy Resource
Over the past 50 years, US Nuclear Plants Have:
• Generated 13.7 Trillion Kilowatt-Hours of Electricity
• Zero Carbon Depletion & Emission Free!
Avoiding:
• 3.1 Billion Metric Tons of Carbon
• 73.6 Million Tons Sulfur Dioxide
• 35.6 Million Tons of Nitrogen Oxides
BWR
PWR
The US Nuclear FleetThe US Nuclear Fleet
Anchors the Grid and Stabilizes Generation CostsAnchors the Grid and Stabilizes Generation Costs
Where Are We Today?Where Are We Today?
A Key Part of the US Energy Generation Portfolio A Key Part of the US Energy Generation Portfolio
Installed CapacityInstalled Capacity EnergyEnergy
11% 10%
31%
34%
14%
Hydro Nuclear
Coal
Gas
Other
8% 19%
51%
18%
4%
Hydro Nuclear
Coal
Gas
Other
Global Power GenerationGlobal Power Generation
335 GW Market Potential over Next 4 Years335 GW Market Potential over Next 4 Years35% of Orders Come from China35% of Orders Come from China
2003 – 2006 Orders Forecast2003 – 2006 Orders Forecast
Asia AIM Europe Ltn. Amer. N. Amer.
187
57 50
2815
China
125
Rest of Asia62
Rest of Asia62
Source: EPM S1 Forecast
(GW)(GW)
Improving PerformanceImproving Performance
Nuclear Economics Good for New UnitNuclear Economics Good for New Unit
0
5
10
15
20
25
30
35
40
ExistingNuclear Plant
New AdvancedNuclear
(ESBWR)
New Coal New CCGT Gas
$/M
Wh
r
Capital
O&M
Fuel
$37.3$34.4
$29.4
$22.5
Setting the Stage for New Nuclear PlantsSetting the Stage for New Nuclear Plants
Next Generation Reactors• Design Highlights
– 1,400 MWe Plant With Simplified Systems
– Passive Safety Features
• Overall Schedule
– Licensing Process Started 2002
– Regulatory Approval Expected 2006
• Key Benefits
– Faster Construction, Lower Costs
– Improved Safety and Security
– Improved O&M Costs
ESBWR Can Meet U.S. Owner’s New NeedsESBWR Can Meet U.S. Owner’s New Needs
Latest Design for U.S. MarketsLatest Design for U.S. Markets
ESBWRESBWR
Hydrogen Energy …Hydrogen Energy …
Advantages
• Most Abundant Element
• Catalytic Process Creates Water (Fuel Cells)
• Energy/kg = 3x Natural Gas or Gasoline
Advantages
• Most Abundant Element
• Catalytic Process Creates Water (Fuel Cells)
• Energy/kg = 3x Natural Gas or Gasoline
Nuclear Role
• HTGR - Zero Carbon Depletion & Emissions
Nuclear Role
• HTGR - Zero Carbon Depletion & Emissions
HH22 Energy … A Slow Transition Energy … A Slow Transition
The Challenge
• Infrastructure Not in Place
• Cost of Energy Drives Market - No Cost of Carbon Dioxide (Greenhouse) Today
The Challenge
• Infrastructure Not in Place
• Cost of Energy Drives Market - No Cost of Carbon Dioxide (Greenhouse) Today
Final ThoughtsFinal Thoughts
•Nuclear Energy Is Key To a Balanced Energy Portfolio
•Credits for Emission Free, Zero Carbon depletion Nuclear Energy
•Next Generation Reactors Address Safety & Economics
•Need New Unit Incentives For Customers
A Key Role In A Sustainable & Balanced PortfolioA Key Role In A Sustainable & Balanced Portfolio
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