GE Hitachi Nuclear Energy and ARC Nuclear Announce Steps to Further Collaboration to Commercialize Advanced Small Modular Reactor

WILMINGTON, N.C.–(BUSINESS WIRE)–GE Hitachi Nuclear Energy (GEH) and Advanced Reactor Concepts LLC (ARC
Nuclear) today announced steps to advance their collaboration to develop
and license the ARC-100 advanced small modular reactor (aSMR).

Through a newly-signed Development Agreement, GEH intends to license
intellectual property associated with its PRISM advanced reactor design
to ARC Nuclear. GEH has also agreed to provide to ARC Nuclear access to
nuclear infrastructure programs related to quality, safety culture,
training, processes, procedures and tools. In addition, GEH will make an
in-kind contribution to ARC Nuclear through its agreement to provide
engineering and design expertise.

“Our work to date with the GEH team has validated our expectation of the
synergy of combining ARC Nuclear’s senior engineers — with their deep
sodium fast reactor operational and design experience as key members of
EBR-II prototype program — with GEH’s next generation of nuclear
engineers and designers with their proven competence in modern nuclear
design,” said Don Wolf, Chairman and CEO, ARC Nuclear. “We are clearly
seeing how the power of this engineering collaboration and GEH’s
infrastructure can give us a leap forward in reducing both time to
market and development costs.”

“This new agreement recognizes that GEH and ARC Nuclear each have
significant experience, investment and intellectual property in sodium
fast reactor technology derived from Argonne National Laboratory’s
successful EBR-II reactor which operated for more than 30 years at Idaho
Falls, Idaho,” said Jon Ball, Executive Vice President, Nuclear Plant
Projects, GEH. “At GEH, we are excited to see how this complementary
collaboration will allow us to further accelerate commercialization of
this technology with ARC Nuclear.”

The companies announced a collaboration in March 2017 to progress the
ARC-100 design for global power generation with initial deployment in
Canada. GEH and ARC Nuclear are working to commence a preliminary
regulatory review of the ARC-100 by the Canadian Nuclear Safety
Commission through its Vendor Design Review process. At the same time, a
joint GEH-ARC Nuclear engineering team is working to advance the ARC-100
design.

GEH and ARC Nuclear have agreed to re-examine their relationship upon
completion of the Canadian Vendor Design Review and give consideration
to focus for the ARC-100 beyond Canada.

About GE Hitachi Nuclear Energy

Based in Wilmington, N.C., GE Hitachi Nuclear Energy (GEH) is a
world-leading provider of advanced reactors and nuclear services.
Established in 2007, GEH is a global nuclear alliance created by GE and
Hitachi to serve the global nuclear industry. The nuclear alliance
executes a single, strategic vision to create a broader portfolio of
solutions, expanding its capabilities for new reactor and service
opportunities. The alliance offers customers around the world the
technological leadership required to effectively enhance reactor
performance, power output and safety. Follow GEH on LinkedIn and Twitter.

About Advanced Reactor Concepts LLC (ARC)

Founded in 2006, Advanced Reactor Concepts, LLC. (ARC Nuclear) is a
privately held Delaware company formed with many of the pioneers who
played key roles in the EBR-II program and are today regarded as leading
authorities in small fast reactor technology. ARC Nuclear’s mission is
to commercialize the ARC-100 and produce safe, economically competitive,
carbon-free energy for the global energy market, with a design that can
also offer a viable solution to the problem of nuclear waste.

Contacts

GE Hitachi Nuclear Energy
Jon Allen, +1-910-819-2581
[email protected]
or
ARC
Nuclear
Robert (Bob) Braun, +1-484-354-7840
[email protected]