- Duke Energy Plans Replacement of Coal Plant with SMR
- Virginia Data Centers to be Powered by SMRs
- Saskatchewan to Get $74M from Ottawa for SMRs
- NRC Suspends Selected US Nuclear Exports to China
- DOE Funds $112 Million for Computational Projects in Fusion Energy Sciences
Duke Energy Plans Replacement of Coal Plant with SMR
(NucNet contributed to this report) In a classic case of seeking new lamps for old, Duke Energy (NYSE:DUK) is rubbing the bottle of the nuclear genie by making two wishes for new small modular reactors (SMRs). The utility’s plans represent the first commitment to new nuclear generating capacity since the collapse of the so-called “nuclear renaissance” over a decade ago.Duke Energy announced plans last week for deployment of two small modular nuclear reactors (SMRs) to replace currently operating coal fired units. The first site will be the Belews Creek in North Carolina. The second site hasn’t been chosen yet. The two-unit Bewlews Creek plant also uses natural gas.
The choice of two SMRs are the first new nuclear reactor projects to get ink in the utility’s Integrated Resource Plan (IRP) is a major policy reversal of its decision making. It follows actions taken a decade ago of cancelling six full size nuclear reactor projects. None of the planned and now cancelled or suspended AP1000s projects ever broke ground. Each of them would have represented about 1100 MW of carbon emission free electric generation capacity. The plants were Levy County, FL, Shearon Harris, NC, and William States Lee, SC.
Duke’s decisions to cancel or suspend the six reactors were driven by a combination of falling natural gas prices, stagnant demand for electricity, and the complexity of different utility regulations and rate structures for the states in its service territory.
Natural gas prices fell from a high of $16.13 in May 2008, which is when the rush to build new reactors began, to a low of $2.09 in February 2016 which is when the so-called “nuclear renaissance” for all intents and purposes came to an end.
Timelines for New SMRs
The timeline for the new SMRs to enter revenue service, according to the IRP, is more than a decade away in 2034. Duke said it plans to choose an SMR technology for the Belews Creek site between 2023 and 2025 and to apply for an early site permit (ESP) from the US Nuclear Regulatory Commission in mid-2025. If granted by the NRC, the ESP would be good for 20 years.
The projected in-service date for the Belews Creek SMR would be the first quarter of 2034, with the SMR at the second site coming online in the first quarter of 2035. Duke Energy plans to end coal-fired power generation at Belews Creek by 2036.
Basis for Site Selection
According to a report in Business North Carolina, the proposal comes because the site has the land, infrastructure and workforce that Duke needs, and because Stokes County and the surrounding community “is reliant on [the] tax base” associated with the Belews Creek facility. The two unit plant has a switchyard, connections to the regional grid, local transportation access, and an available labor force.
Complying with Emission Mandates Over Time
The new-build plans are part of an update to Duke Energy’s 2022 integrated resource plan as the utility aims to comply with North Carolina’s emission mandates.That 2021 law requires utilities to reduce carbon dioxide emissions by 70% by 2030, compared with 2005 levels. The law also calls for net-zero emissions by 2050. In the updated plan, Duke Energy offered three scenarios that would get the company to 70% by 2030, 2033 or 2035.
The utility prefers the 2035 timeline. By that year Duke Energy is proposing to add 600 MW of capacity from two SMR sites, with both sites being the same reactor technology.
“Advanced nuclear will provide significant operational flexibility that will be needed to support increased deployment of renewable energy resources,” the utility said.
While Belews Creek would be retrofitted for new nuclear, Duke’s Roxboro and Marshall coal-fired plants would shift to natural gas. Duke says those combustion turbine plants would be able to blend hydrogen for electricity.
License Extensions for Operating Nuclear Plants
Duke Energy already operates 11 nuclear units at six sites in North Carolina and South Carolina. The six sites are Brunswick, McGuire, Catawba, Oconee, Harris and Robinson. It said it is also in the process of seeking 20-year license extensions for all 11 existing nuclear units.
At market close on Friday August 18, 2023, Duke stock closed at $91/share against a 52-week range of $84-$113. Market cap was $70.3 billion.
& & &
Virginia Data Centers to be Powered by SMRs
- IP3 and Green Energy Partners sign Agreement to Jointly Pursue Green Data Center Facility and Surry Green Energy Center
- Companies agree to pursue clean, green energy projects by establishing the Surry Green Energy Center in Virginia.