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Advanced Reactor Concepts Announces Leadership of Its Canadian Subsidiary

September 25, 2018

SAINT JOHN, New Brunswick--(BUSINESS WIRE)--Sep 25, 2018--Advanced Reactor Concepts has announced that Norman J.D. Sawyer will become the President of its Canadian subsidiary ARC Nuclear Canada, Inc.

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Norman J.D. Sawyer (Photo: Business Wire)

“We are pleased to announce the addition of Norm to the ARC team and believe that his broad industry and Canadian nuclear experience will significantly advance our efforts in New Brunswick,” said Don Wolf, CEO and Chairman of ARC. “As a native New Brunswicker, Norm will be invaluable in our efforts to complete the CNSC Vendor Design Review process, staff our Saint John office with local talent and identify areas for the creation of jobs within the Province which represent our highest priorities.”

Over the last 34 years, Norm’s distinguished career has included significant experience in both the commercial operation of nuclear facilities in Canada and the regulation of nuclear facilities. During these 34 years, Norm held a range of leadership roles, most recently as the Executive Vice President & Chief Nuclear Officer for Bruce Power. During his time with Bruce Power, the company was in the midst of the largest Candu refurbishment ever undertaken at that time, all while operating their fleet of six other large reactors. Previously, Norm had served as the Station Manager at the Hydro Quebec Gentilly-2 nuclear generating station and had also worked for decade with the Canadian Nuclear Safety Commission (CNSC). Norm began his nuclear career with NB Power, and his work there led to his receiving a Senior Reactor Operating License for the NB Power Point Lepreau Generating Station.

“I enjoyed the privilege of working with Norm during our previous careers in the commercial nuclear industry, and I am so very pleased for this opportunity to work again with Norm as we advance this important technology to commercialization for the betterment of our industry and the environment,” said Bob Braun, Sr. VP & COO of ARC.

ARC has agreed to collaborate with NB Power in exploring the potential future deployment of the ARC-100 at NB Power’s Point Lepreau nuclear plant site and thereafter at other sites in Canada and worldwide. The ARC-100 is a 100 MWe sodium cooled, fast flux, pool type reactor with metallic fuel that builds upon the 30-year successful operation of the EBR-II reactor in Idaho. The larger objective is the establishment of Canada’s New Brunswick Province as a center of excellence and the manufacturing hub for advanced SMR products based on the ARC-100 technology. The project will result in a nuclear supply chain created in the Province with well-paying jobs and substantial new economic opportunity.

ARC will be supported in New Brunswick by its partner, GE Hitachi Nuclear Energy (GEH). GEH has broad engineering experience, deep technical capability and significant investment in its sodium fast reactor technology program that builds on a 60-year history as an original equipment manufacturer of boiling water reactors worldwide, while the ARC team brings decades of sodium fast reactor experience to this effort. ARC and GEH have been working together to accelerate commercialization of this technology. In addition, GE has deep experience in supporting the development of energy supply chains worldwide, and GE Canada has a strong presence in Canada with over 6,500 employees and a long history of operation there.

While there are more than 90 advanced nuclear technology and small modular reactor designs under various stages of development, ARC and NB Power view sodium fast reactors as one of the most mature advanced reactor technologies with decades of real operating experience gained from more than 20 reactors.

About ARC

Founded in 2006, Advanced Reactor Concepts, LLC. and its Canadian subsidiary ARC Nuclear Canada Inc. are privately held companies formed with many of the nuclear energy pioneers who played key roles in the EBR-II program. This US Government program operated the EBR-II sodium fast reactor supplying electricity into the grid for 30 years at Idaho Falls, Idaho. The EBR-II experience base serves as the prototype for the ARC-100 nuclear power plant. These ARC engineers are today regarded as leading authorities in small fast reactor technology. ARC’s mission is to commercialize its 100 MWe nuclear power plant 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180925005180/en/

CONTACT: Advanced Reactor Concepts LLC

Robert Braun, +1 484-354-7840

rbraun@ARCnuclear.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY UTILITIES TECHNOLOGY HARDWARE NANOTECHNOLOGY SEMICONDUCTOR MANUFACTURING ENGINEERING NUCLEAR OTHER SCIENCE SCIENCE

SOURCE: Advanced Reactor Concepts LLC

Copyright Business Wire 2018.

PUB: 09/25/2018 08:00 AM/DISC: 09/25/2018 08:01 AM

http://www.businesswire.com/news/home/20180925005180/en

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