The Role of Nuclear Power
The Role of Nuclear Power
Rick Etling Vice President, Strategy Westinghouse Electric Company
1
Westinghouse Electric Company A History of Innovation Incorporated in 1886 by George Westinghouse Responsible for some of the world’s important achievements: – AC technology – 1st commercial radio broadcast (KDKA-1920) – USS Nautilus – 1st camera on the moon – Commercial nuclear power
2
George Westinghouse
Westinghouse: A History of Innovation Outgrowth of nuclear navy – Bettis Atomic Power Lab in West Mifflin 1st U.S. plant in Shippingport 1957 (Duquesne Light and Westinghouse) Technology pioneered and enhanced in Forest Hills and Churchill Today, worldwide headquarters of nuclear power industry remain in Western Pa. 3
Today’s Westinghouse Electric Company More than 14,000 People in 15 Countries Around the World
4
Worldwide Electricity Demand is Expected to Nearly Double by the Year 2030 9,000 8,000
Asia
7,000
Europe
6,000 5,000
U.S.
4,000
Rest of World
3,000 2,000 1,000 0 1990
5
1995
2000
2010
2015
2020
2025
Nuclear Energy Has an Environmental Impact Comparable to Renewables Life Cycle Emissions for Various Electricity Sources 790 - 1182
Coal - Modern Plant 13 - 731
Solar Photovoltaic Natural Gas (Combined Cycle)
389 - 511
Wind
7 - 124
Biomass/forestry/waste combustion
6
High
15 - 101
Nuclear
2 - 59
Hydropower
2 - 48
Source: “Hydropower-Internalised Costs and Externalised Benefits,” Frans H. Koch. International Energy Agency
Low
0
200
400
600
800
gram equiv CO2/kWh
1000
1200
1400
U.S. Electricity Sources Which Do Not Emit Greenhouse Gases Wind 2.9% Nuclear 73.6%
Hydro 22.0% Solar 0.1% Geothermal 1.4% Source: Global Energy Decisions / Energy Information Administration Updated: 4/08 7
U.S. Electric Power Industry CO2 Avoided 692.7
Million Metric Tons, 2007
205.6
Nuclear
Hydro
27.4
12.6
0.5
Wind
Geothermal
Solar
Source: Emissions avoided are calculated using regional and national fossil fuel emissions rates from the Environmental Protection Agency and plant generation data from the Energy Information Administration. Updated: 4/07 8
Production Costs By Fuel Type Cents per Kwh 10.0
Coal - 2.37 Gas - 6.75 Nuclear - 1.72 Petroleum - 9.63
8.0
6.0
4.0
2.0
0.0 1995
9
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
Average Capacity Factors Average Capacity Factors (%) Fuel Type
10
Nuclear
89.8
Coal (Steam Turbine)
71.1
Gas (Combined Cycle)
39.9
Gas (Steam Turbine)
17.2
Oil (Steam Turbine)
14.9
Hydro
31.8
Wind
30.3
Solar
18.8
Strong Need for Balance
11
Jobs vs. Employees – US Nuclear Industry 170
Employee’s Market More jobs than people
Employer’s Market
160
Transition
150
Fewer jobs than people
140
130 2002
2003
2004
2005
2006
2007
2008
Civilian labor Force (employed or looking for work)
12
2009
2010
2011
2012
Employment (jobs available)
Westinghouse Global Hiring 2000
1854
1500
1261
1000
810 546
500
280
266
2003
2004
0
13
2005
2006
2007
2008
The Nuclear Renaissance is a Reality New build has begun Enhancements to current operating fleet continue Public acceptance at record levels Recognition as a clean energy source Demand continues to grow
14
Current New Build Activity Finland
France United States
15
China
China: Westinghouse AP1000TM On Schedule for 2013 Successful placement of the first module was recently put into place on time at the Sanmen site
16
U.S.: 25 New Plants Announced 6 Under Contract
Under contract
17
In Addition…
Over 60 Countries have declared their interest in new build to IAEA
18
Thank you 19
Rick Etling Vice President, Strategy Westinghouse Electric Company
1
Westinghouse Electric Company A History of Innovation Incorporated in 1886 by George Westinghouse Responsible for some of the world’s important achievements: – AC technology – 1st commercial radio broadcast (KDKA-1920) – USS Nautilus – 1st camera on the moon – Commercial nuclear power
2
George Westinghouse
Westinghouse: A History of Innovation Outgrowth of nuclear navy – Bettis Atomic Power Lab in West Mifflin 1st U.S. plant in Shippingport 1957 (Duquesne Light and Westinghouse) Technology pioneered and enhanced in Forest Hills and Churchill Today, worldwide headquarters of nuclear power industry remain in Western Pa. 3
Today’s Westinghouse Electric Company More than 14,000 People in 15 Countries Around the World
4
Worldwide Electricity Demand is Expected to Nearly Double by the Year 2030 9,000 8,000
Asia
7,000
Europe
6,000 5,000
U.S.
4,000
Rest of World
3,000 2,000 1,000 0 1990
5
1995
2000
2010
2015
2020
2025
Nuclear Energy Has an Environmental Impact Comparable to Renewables Life Cycle Emissions for Various Electricity Sources 790 - 1182
Coal - Modern Plant 13 - 731
Solar Photovoltaic Natural Gas (Combined Cycle)
389 - 511
Wind
7 - 124
Biomass/forestry/waste combustion
6
High
15 - 101
Nuclear
2 - 59
Hydropower
2 - 48
Source: “Hydropower-Internalised Costs and Externalised Benefits,” Frans H. Koch. International Energy Agency
Low
0
200
400
600
800
gram equiv CO2/kWh
1000
1200
1400
U.S. Electricity Sources Which Do Not Emit Greenhouse Gases Wind 2.9% Nuclear 73.6%
Hydro 22.0% Solar 0.1% Geothermal 1.4% Source: Global Energy Decisions / Energy Information Administration Updated: 4/08 7
U.S. Electric Power Industry CO2 Avoided 692.7
Million Metric Tons, 2007
205.6
Nuclear
Hydro
27.4
12.6
0.5
Wind
Geothermal
Solar
Source: Emissions avoided are calculated using regional and national fossil fuel emissions rates from the Environmental Protection Agency and plant generation data from the Energy Information Administration. Updated: 4/07 8
Production Costs By Fuel Type Cents per Kwh 10.0
Coal - 2.37 Gas - 6.75 Nuclear - 1.72 Petroleum - 9.63
8.0
6.0
4.0
2.0
0.0 1995
9
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
Average Capacity Factors Average Capacity Factors (%) Fuel Type
10
Nuclear
89.8
Coal (Steam Turbine)
71.1
Gas (Combined Cycle)
39.9
Gas (Steam Turbine)
17.2
Oil (Steam Turbine)
14.9
Hydro
31.8
Wind
30.3
Solar
18.8
Strong Need for Balance
11
Jobs vs. Employees – US Nuclear Industry 170
Employee’s Market More jobs than people
Employer’s Market
160
Transition
150
Fewer jobs than people
140
130 2002
2003
2004
2005
2006
2007
2008
Civilian labor Force (employed or looking for work)
12
2009
2010
2011
2012
Employment (jobs available)
Westinghouse Global Hiring 2000
1854
1500
1261
1000
810 546
500
280
266
2003
2004
0
13
2005
2006
2007
2008
The Nuclear Renaissance is a Reality New build has begun Enhancements to current operating fleet continue Public acceptance at record levels Recognition as a clean energy source Demand continues to grow
14
Current New Build Activity Finland
France United States
15
China
China: Westinghouse AP1000TM On Schedule for 2013 Successful placement of the first module was recently put into place on time at the Sanmen site
16
U.S.: 25 New Plants Announced 6 Under Contract
Under contract
17
In Addition…
Over 60 Countries have declared their interest in new build to IAEA
18
Thank you 19
