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Urenco

Urenco logo
  • Endorsement date: December 18, 2020
  • Organization: Urenco

Overview

Urenco is an international supplier of enrichment services and fuel cycle products with sustainability at the core of its business. Operating in a pivotal area of the nuclear fuel supply chain for 50 years, Urenco facilitates zero carbon electricity generation for consumers around the world.

With its head office near London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, and the UK as well as the USA and Canada, where its operations have long benefited from uranium mined in Saskatchewan.

Using centrifuge technology designed and developed by Urenco, and through the expertise of our people, the Urenco Group provides safe, cost effective and reliable services; operating within a framework of high environmental, social and governance standards, complementing international safeguards. Urenco regularly transports enriched uranium to North American customers through Canada and receives a substantial portion of the output of natural uranium hexafluoride from the Port Hope uranium conversion facility in Canada, thus supporting the regional supply chain and logistics in the area and more broadly the Canadian uranium mining industry and conversion sector.

Urenco is committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.

Urenco also uses its technical expertise to more broadly serve the nuclear industry, including through its ongoing contributions to enable fuel supply security for SMR proponents. Indeed, we are dedicated to the advancement of nuclear innovation, and by extension, the prosperity of SMRs, as seen through our subsidiary, U-Battery and its advanced SMR design. The enrichment of uranium is an integral part of the process leading to the rollout of SMRs, and we understand the importance of fuel security in overall prospects of suppliers willing to invest significant equity in Canada. Urenco is willing and eager to play a larger role in Canada’s pool of uranium suppliers.

In 2018, the federal government released Canada’s SMR Roadmap, the culmination of ten months of workshops and Indigenous engagement sessions aimed at fostering a collective vision statement for the eventual rollout of SMR technology. This Roadmap brought forward 53 recommendations and signalled that the Canadian nuclear supply chain and the Government of Canada were aligned on a path forward.

The SMR Action Plan will position Canada as a world leader in nuclear innovation, while enabling its energy transformation and ability to achieve its net-zero emission targets. Further, the SMR Action Plan can accelerate Canada’s return to economic prosperity from the impacts of COVID-19. SMRs present a reliable source of innovation, employment and sustainable growth from a long-term perspective.

Urenco readily endorses the core principles of this Action Plan. It constitutes a timely, forward-thinking strategy that will strategically position SMRs as a disruptive energy commodity. A Team-Canada approach will realize the opportunities that SMRs will provide in decarbonizing the economy. Through the synergy between government officials, utility suppliers, SMR Proponents and a skilled Canadian workforce, this plan will help shape Canada’s nuclear innovation sector into a domestic and international powerhouse.

SMRs can, and will, secure the position of Canada’s supply chain in global markets. It will fortify manufacturing and research made-in-Canada jobs and create a world of opportunities, through bilateral and multilateral strategic alliances with some of Canada’s closest allies. Urenco already sees the value of the close ties Canada and the UK and knows that further integration between both countries will only be beneficial on the SMR front.

Conservative estimates place the potential value for SMRs in Canada at $5.3 billion between 2025 and 2040. Urenco is keen to play its part in heralding Canada as one of the world’s premier SMR markets, and eager to capitalize on opportunities created through the rollout of the SMR Action Plan.

ACTIONS

POLICY, LEGISLATION, & REGULATION
Fuel supply security
STATUS: IN PROGRESS
UR01

Responds to SMR Roadmap recommendation(s): 8

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has engaged with various stakeholder groups including the Government of Canada to provide recommendations for addressing SMR fuel supply security.

EXPECTED RESULTS

Formulate a coherent approach to ensure the security of SMR fuel supply in Canada.

POLICY, LEGISLATION, & REGULATION
Ensure clean energy programming is open to nuclear energy
STATUS: IN PROGRESS
UR02

Responds to SMR Roadmap recommendation(s): 9

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has participated in the 2019 consultation on the Use of proceeds from the federal Output-Based Pricing System (OBPS).

EXPECTED RESULTS

Position nuclear energy (and SMRs) as an undisputed source of clean energy, worthy of federal funding through programs which reward low-carbon emitters.

CAPACITY, ENGAGEMENT & PUBLIC CONFIDENCE
Global SMR market validation
STATUS: IN PROGRESS
UR03

Responds to SMR Roadmap recommendation(s): 14, 25

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has undertaken a dual-track approach to explore the potential deployment of its advanced SMR design in Canada and the United Kingdom (UK). In parallel, Urenco has participated in several international conferences in the UK and Canada as well as other global markets.

EXPECTED RESULTS

  • Leverage the global potential of SMRs as a technology with significant economies of scale.
  • Ensure global regulatory synergy to extend the reach of each market.
  • Promote international cooperation on SMRs.
CAPACITY, ENGAGEMENT & PUBLIC CONFIDENCE
Grade school and high school programming
STATUS: IN PROGRESS
UR04

Responds to SMR Roadmap recommendation(s): 21

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has engaged with Canadian post-secondary institutions to discuss the potential of SMRs with the Canadian energy landscape.

EXPECTED RESULTS

  • Position nuclear innovation and SMRs as an integral part of the Canadian nuclear energy sector.
  • Explore potential capacity building initiatives.
POLICY, LEGISLATION, & REGULATION
Public awareness and confidence
STATUS: IN PROGRESS
UR05

Responds to SMR Roadmap recommendation(s): 33

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has been an advocate for the inclusion of SMRs as a legitimate source of clean energy during engagement with the Government of Canada.

EXPECTED RESULTS

  • Establish nuclear energy as an integral part of Canada’s clean energy mix.
INTERNATIONAL PARTNERSHIPS & MARKETS
Promoting industry leadership on the global stage
STATUS: IN PROGRESS
UR06

Responds to SMR Roadmap recommendation(s): 34

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has consistently promoted industry collaboration through a Team Canada approach during international conferences and multilateral initiatives, with an emphasis on nuclear innovation and SMRs.

EXPECTED RESULTS

  • Promote international cooperation on SMRs.
DEMONSTRATION & DEPLOYMENT
Engagement with the regulator
STATUS: IN PROGRESS
UR07

Responds to SMR Roadmap recommendation(s): 44

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has established a service agreement with the CNSC for the pre-licensing vendor design review of its advanced SMR design.

EXPECTED RESULTS

  • Verify acceptability of U-Battery’s advanced SMR design with respect to Canadian nuclear regulatory requirements and expectations, as well as Canadian codes and standards.
  • Strategic partnership with Bruce Power as the established Canadian utility to drive the development and deployment of U-Battery’s advanced SMR.
DEMONSTRATION & DEPLOYMENT
Engagement with the regulator
STATUS: IN PROGRESS
UR08

Responds to SMR Roadmap recommendation(s): 44

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has progressed through the pre-qualification stage of CNL’s siting competition to establish an SMR demonstration unit at AECL’s Chalk River Laboratories campus in Chalk River, Ontario. U-Battery is now preparing its submission for the due diligence stage.

EXPECTED RESULTS

  • Verify acceptability for U-Battery’s proposed SMR design as well as its security and integrity requirements.
  • Demonstrate the commercial viability of U-Battery’s advanced SMR.
DEMONSTRATION & DEPLOYMENT
Strategic partnerships and business models
STATUS: IN PROGRESS
UR09

Responds to SMR Roadmap recommendation(s): 46

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has established a memorandum of understanding with Bruce Power for design review and feasibility services.

EXPECTED RESULTS

  • Verify acceptability for U-Battery’s proposed SMR design as well as its security and integrity requirements.
  • Demonstrate the commercial viability of U-Battery’s advanced SMR.
DEMONSTRATION & DEPLOYMENT
Fleet deployment pathways
STATUS: IN PROGRESS
UR10

Responds to SMR Roadmap recommendation(s): 20, 47

ACTION

In 2019, Urenco—as the lead proponent in the U-Battery consortium—held its first Canadian Supplier Forum in partnership with the OCNI in order to introduce its technology to the broader Canadian nuclear supply chain. U-Battery’s second Canadian Supplier Forum is scheduled to take place on September 21, 2020.

EXPECTED RESULTS

  • Establish partnerships with the broader Canadian nuclear supply chain for the development of components for U-Battery’s advanced SMR design.
DEMONSTRATION & DEPLOYMENT
Engagement with NWMO on fuel waste management specifications and cost
STATUS: IN PROGRESS
UR11

Responds to SMR Roadmap recommendation(s): 30, 45

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has held preliminary talks with NWMO on fuel waste management for U-Battery’s advanced SMR facility.

EXPECTED RESULTS

  • Develop technical specifications for a safe disposal facility for all used fuel from U-Battery’s advanced SMR.
  • Develop waste disposal standards able to enhance the viability of U- Battery’s advanced SMR.
DEMONSTRATION & DEPLOYMENT
Strategic partnerships and business models
STATUS: IN PROGRESS
UR12

Responds to SMR Roadmap recommendation(s): 46

ACTION

Urenco—as the lead proponent in the U-Battery consortium—has brought on Kinectrics as a consortium partner and Canadian lead for nuclear engineering and design.

EXPECTED RESULTS

  • Verify acceptability of U-Battery’s advanced SMR design with respect to Canadian nuclear regulatory requirements and expectations, as well as Canadian codes and standards.
  • Strategic partnership with Kinectrics as consortium partner and established nuclear engineering firm.
DEMONSTRATION & DEPLOYMENT
Fleet deployment pathways
STATUS: IN PROGRESS
UR13

Responds to SMR Roadmap recommendation(s): 47

ACTION

Urenco—as the lead proponent in the U-Battery consortium—is an active member of the Canadian Nuclear Association.

EXPECTED RESULTS

  • Establish partnerships with the broader Canadian nuclear supply chain to enable the development and deployment of U-Battery’s advanced SMR.