Irfan Ali
Senior Vice-President
Strategic Development

OUR CLEAN ENERGY FUTURE
SMRs are poised to play a major role

• Electricity and heat generation account for the largest
proportion of greenhouse gas emissions globally• To slow global warming the world needs a steady source ofclean energy that can complement wind and solar toreplace fossil fuels• Small Modular Reactors (SMRs) offer unmatched energy
density requiring much less land and providing a
constant source of reliable, carbon free power• The global market for SMRs is estimated to exceed
US$150–300 billion per year by 2040

Source: Canada SMR Action Plan from Natural Resources Canada2

ABOUT ARC• ARC is a clean energy technology

company developing the ARC-100, aSmall Modular Reactor (SMR)• The ARC-100 offers 100 megawatts ofelectricity in less than a city block• Launch customer NB Power in

Canada is targeting to deploy theARC-100 by 2030

• Deploy an ARC-100 FOAK in theUnited States by 2035
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VALIDATED INTERNATIONALLY
Awarded USD27.5 million in funding from the US Department of Energy inDecember 2020 to develop several key enhancements for the ARC-100Granted USD20 million in funding from the Province of New Brunswick in 2018 & 2021
to support deployment of the ARC-100 at the Point Lepreau siteAwarded two rounds of funding from Japan’s Nuclear Energy X Innovative Promotion(NEXIP) program with partner IHI Corporation
Awarded a grant by UK Department for Business, Energy and Industrial Strategy(BEIS) for an advanced modular reactor (AMR) feasibility study
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STRATEGIC PARTNERS
60 years experience in nuclear energy with a focus on the engineering anddesign of sodium reactors plus a worldwide marketing presence
Leading architectural engineer with experience building 51 nuclear units andspecial expertise in plant design and in the modularization of equipment(formerly AECOM)
Leading energy engineering company with a strong presencein Canada, our first target market
Design assistance for complex reactor components and joint participation in
Japan’s government funded NEXIP program5

CANADAOUR LAUNCH MARKET• ARC has chosen Canada as our launch market because of its
global leadership role in creating a clean energy economy• Canada levies a tax on carbon pollution and places a highfinancial value on clean energy• Canadian energy policy creates an opportunity for SMRs
• Regulators in Canada provide a flexible and streamlined
licensing process• Licensing in Canada provides a foundation to expand globally
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TECHNOLOGYDEVELOPMENT & INNOVATIONThe ARC-100 leverages proven technology that has 30 years of successful operating experience, incorporating new
innovations and patents while preserving the original safety foundations

EBR-II(PROTOTYPE)

ARC-100● 20 MWe● 1963 to 1994
● USD7 Billion Invested● 100 MWe
● Late 2020’s Launch● 60 Year Life7

TECHNOLOGY

ARC-100 DESIGN FEATURES• Sodium as a Coolant: use of sodium• Modular Design: factory manufacture ofinstead of water allows the reactor tooperate at lower pressures, improving theefficiency and safety of the systemmodular components with field assembly vs.
construction in the field• High Burnup of Fuel: enables consumption• Inherent Safety: walk-away safety andof long-lived materials and substantial reductionof nuclear wastepassive heat removal eliminates complicatedengineered safety systems• Recycling of Used Fuel: reduces expense of• Metal Fuel: much simpler and cheaper tospent fuel storage and eliminates expensiveenrichment of new fissile material for next fuelcore

fabricate than oxide fuel with exceptional heattransfer characteristics
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Key Questions to be Addressed
1. Do SMR have inherent, long-term advantages over other, non-nuclear options? If yes, howwould these advantages be characterized quantitatively and qualitatively?
2. What Are the Key Challenges that Could Inhibit the Expansion of a Global SMR Footprint?
3. What would be the marginal quantitative impact of the more extensive use of Investment
Tax Credits (ITC), Production Tax Credits (PTC), for SMR, and the inclusion of SMR inregional Renewable Portfolio Standards (RPS)?
4. What is the current state of the global nuclear supply chain in the context of SMR
deployment?
5. Are some markets, and geographies, better suited for SMR deployment? If yes, could abetter understanding of these advantages lead to work-around strategies applicable toother parts of the world?
6. Would a focused, well-funded effort by the international community assist in thedeployment of a global SMR footprint? If yes, what would be the elements of such aneffort?
9Thank you.