Community Nuclear Power

Our on-stage discussion in Utah last week, at the Advanced Reactor Summit XII, has featured in Westinghouse Electric Company social media too. And there is an important reason why we’re posting it here again… The more ‘noise’ we all create online, with the likes and follows and reposts that we probably don’t usually give a second thought to, the more we send a message. For example, we show investors how important this new market is. We show politicians our strength of feeling about it. We remind the media what the hot topics are. And we assure communities there are real opportunities available to them. So whether we are talking about energy security, new nuclear, #NetZeto generally, or specifically about the private funding model for investment in regional economic growth - like our #PowerToLiquids project with #GreenLizard in North Tees – all those little actions we take while we’re scrolling our phones actually add up to a big impact. This is why we are delighted to see our project featured on Westinghouse’s social media yesterday … and why we appreciate every one of you for your online support! Chris Sheryn Dr. Rita Baranwal

Just reflecting on last week, and noting the rapidly growing breadth and scale of interest in our model at CNP… The huge potential for privately funded, clean energy as a lever for economic growth and social impact is exciting diverse audiences. And our speaking roster last week encapsulated that perfectly. While Chris Sheryn was introducing the CNP concept to sector leaders and experts across the Atlantic in Utah, our Chief Legal Officer, Andrew Carr was in London to host a discussion with one of the UK’s most historic think-tanks and to join a Round Table with HM Treasury. Members of The Romney Street Group, founded in 1917 to help shape reconstruction after the Great War, were highly engaged in our discussion about #SMRs at The Athenaeum on Pall Mall. Topics such as the funding challenge, energy prices, and geopolitical issues were brought to life by our being able to share our live deployment of nuclear energy for #PowerToLiquids on the #GreenLizard fuels and chemicals hub in North Tees. Andrew also took part in a discussion with a senior leader from HM Treasury, putting CNP at the table alongside household brands including BBC, Airbus, Jaguar Land Rover UK, The International Aviation Group and others. With a shared interest in clean power for transport, aviation and data, for example, we talked about ways to promote economic growth for the UK as well as ensuring the growing power demand can be met securely and cleanly. In keeping with recent government announcements, we talked more about how efficient process, from regulation to planning consents, will build investor confidence and attractiveness - though of course we reinforced the critical need to uphold safety regulations. This is a very new market, but the interest in SMRs and what they can do for industry, for communities, for the economy is growing fast.

There’s line in this post, this significance of which is easily missed. ‘…we need development companies to help accelerate deployment’. It’s great that there’s so much excitement about new technologies in this sector. However, let us not forget that technology innovation, whilst essential, is insufficient to get to an operational outcome. If the SMR tech’ is the ‘what’, the DevCos are the ‘how’. If we are to realise the huge potential that SMRs represent, companies such as Community Nuclear Power in the UK and Elementl Power in the USA are needed to undertake all the tasks and roles required to deploy and ultimately operate. You might consider it as a Zen problem of sorts… ‘if an SMR technology exists and there’s no devco to deploy and operate it, can it actually exist?’ Arthur Dwight Hyde, CFA Charles Oppenheimer

Our partners at #GreenLizard are now members of NOF - the UK’s leading energy sector network. Green Lizard Power To Liquids Ltd runs the #PowerToLiquids fuels and chemicals park offtaking CNP’s clean, always-on nuclear energy to produce nationally critical fuels, such as #SAF, at significant scale. We’ll be working closely together - and with our supporters at NOF, of course - to help reindustrialise Teesside and enable economic growth for generations to come. GREEN LIZARD TECHNOLOGIES LTD NORTH TEES LIMITED

Presenting a very different model for nuclear energy… Great session on stage at #AdvancedReactorsSummitXII in Salt Lake City, Utah yesterday. Chris Sheryn and Dr. Rita Baranwal (#AP300 SVP at Westinghouse Electric Company) talked in depth about demand-led opportunities for small modular reactors - illustrated perfectly by our project on the #GreenLizard fuels and chemicals park in North Tees. There, our clean and always-on power will enable reindustrialisation in the region, in the #PowerToLiquids production of critical fuels such as #SAF. It puts energy right where it can make most impact, providing a lever for economic growth and social prosperity for generations to come. This is why our model at #CNP is demand-led rather than supply-led. Yes, we need more clean power generally, and lots of it. But our bigger question to the communities talking to us about #SMRs and #microgrids in their region is this: what will you do with that power? The answers to this question create a very great deal more economic growth and social impact than the simple value of the power.

We’re going global… Co-founder and Chief Development Officer, Chris Sheryn, is speaking today at the Advanced Reactors Summit XII, in Salt Lake City, Utah. The #ARSummitXII brings together experts, executives, policy-makers and thought-leaders to share ideas and concepts that drive #advancedreactor design, deployment and operations. Chris is sharing the stage with Hon. Dr. Rita Baranwal. Rita is Senior Vice President leading on #AP300 #SMRs at Westinghouse Electric Company, but will be known and well-regarded also to many at the conference as a former Assistant Secretary for the Office of Nuclear Energy in the US Department of Energy. Rita and Chris are looking at alternative models for reactor deployment, focusing on our engagement with communities to enable new, emerging markets for nuclear generation. Of course, our project in North Tees offers a brilliant example of this already underway, enabling nuclear #PowerToLiquids at the world-leading #GreenLizard fuels and chemicals park - helping to reindustrialise the region, and providing at scale some of the UK’s priority green fuels such as #SAF. More from Utah later!

As Sir Keir Starmer outlines his commitment to Small Modular Reactors (SMRs) as part of the UK’s clean energy strategy, WSP in the UK's Paul Tremble shares his thoughts on the Government’s announcement. Read Paul’s thoughts below 👇 #WeAreWSP #SMRs #CleanEnergy #NetZero #UK Community Nuclear Power

Westinghouse fully endorses HMG’s efforts to accelerate #NuclearEnergy new-builds in support of energy security, jobs, industry and prosperity in the United Kingdom. Access to clean, reliable nuclear power is key to unlocking the UK’s vast industrial potential and revitalising its manufacturing heritage. We are proud to be at the forefront of these efforts with partners such as Community Nuclear Power. Thank you Prime Minister Keir Starmer and the Department for Energy Security and Net Zero for your leadership!

Who REALLY benefits from Keir Starmer's plans to streamline #nuclear #regulation, announced by the Prime Minister a few hours ago? The answer is: pretty much everyone. It's not just good news for the sector, to see the PM throwing his support behind SMRs. Increasing efficiency could enable more private #investment in the UK, faster #economic growth, a shift to #NetZero, and could even mean cheaper household bills. Here's why: Investor confidence increases. Deploying #SMRs gets faster and #ROI gets paid sooner - making nuclear energy an even more attractive investment proposition (with lower cost of capital). The UK attracts more inward investment. Clean energy is already an important sector for investors, but a country in which it is easier to do business is a magnet for #growth. Industry benefits. For example - the sooner we can provide clean, always-on power to sites like the world-leading #GreenLizard #PowerToLiquids park in North Tees, the sooner they can produce, at large scale, the green chemicals and fuels the UK desperately needs, like #SAF. Local economies grow. Powering sites like the #GreenLizard hub will create huge opportunities for its communities, including employment, entrepreneurship and learning. The environment benefits. More clean #energy (and, in our project, more #cleanfuels.) Power gets cheaper. One of the biggest costs of power is the cost of capital and faster ROI can lower that, so the power gets cheaper. And having seen our energy bills sky-rocket in recent years, whether you are big industry or a household, who doesn't want cheaper #electricity bills? This is good news from the PM this morning, and we are excited to see what national opportunities this unlocks. Rt Hon Rachel Reeves HM Treasury Department for Energy Security and Net Zero https://lnkd.in/e-ZSYT48

Great post from Iolo James at the Nuclear Industry Association. The absolute, always-on dependability of #nuclear energy is one of the reasons why #SMRs are such an obvious choice for innovative industry such as the #GreenLizard green chemicals and fuels park that our #Teesside project will power. And we don’t have to worry about the spending review, because our project is privately funded. Clean #energy right where it is needed, AND billions of pounds of private #investment for economic #growth in the UK! To echo Energy Minister Lord Philip Hunt said at #NuclearWeek, what’s not to like?