Regular Meeting – November 6, 2023

Ryan MacLeod, Laboratory Technologist at Canadian Nuclear Laboratories; James Walker, CEO at NANO Nuclear Energy and Evan Cummings, Director of Business Development at Kairos Power. We will also entertain questions and comments from members of the public and address other commission business.

<< Previous meeting October 2, 2023

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Video

Meeting minutes (APPROVED) PDF

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Meeting time: Monday, November 6 @ 9AM ET

Agenda

Quorum requirement. We require six (6) commission members in attendance to have a quorum.

91A notice. Group email communications constituting a quorum of commission members are subject to 91A requests. Please email the Chair directly to communicate with the group.

Remote access. Commission members are encouraged to attend in person. Guests and members of the public are invited to attend either in person or via Zoom using this link: https://us02web.zoom.us/j/89323976367

Please note. If attending in person, please arrive a few minutes early to get checked through security. There is ample parking in the main lot.

Agenda Items

1. Approve minutes of October 2 meeting.
2. Opportunity for public input. Pass sign-in sheet.
3. Presentation w/ Q&A – 30 minutes
   
   Ryan MacLeod is an experienced Laboratory Technologist with expertise in analytical, instrumental, and process chemistry, currently employed at Canadian Nuclear Laboratories. He led a successful team in the 2021 North American Young Generation in Nuclear’s Innovation 4 Nuclear contest, championing the integration of Proof-Of-Work Digital Asset Mining into Canada’s Small Modular Reactor Action Plan.
   Digital asset mining can significantly enhance the financial viability of Small Modular Reactor (SMR) installation projects. It addresses the challenge of surplus energy by ensuring that no energy goes to waste and preventing negative pricing, which reduces project costs and boosts investor confidence. The mining process, globally distributed and competitive, makes this a dependable conduit for utilizing surplus energy efficiently. In particular, Bitcoin mining’s cost-effective demand response capabilities and heat utilization applications offer promising solutions for the evolving SMR landscape.
4. Presentation w/ Q&A – 30 minutes
   
   James Walker, CEO & Head of Reactor Development at NANO Nuclear Energy.
   James is a nuclear engineer and physicist with a background in reactor design and manufacture, as well as experience managing large projects and executively managing companies.
   NANO Nuclear Energy Inc. is an emerging microreactor technology company seeking to become a commercially focused, diversified, vertically integrated technology-driven nuclear energy company. NANO Nuclear is led by a world-class nuclear engineering team developing smaller, cheaper, and safer advanced portable carbon-free energy solutions utilizing proprietary novel reactor designs. NANO Nuclear’s products in technical development are “ZEUS,” a solid core battery reactor, and “ODIN,” a low-pressure coolant reactor, each representing advanced developments in portable, on-demand capable, advanced nuclear microreactors. HALEU Energy Fuel Inc., a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for the broader advanced nuclear reactor industry and providing fuel to power NANO Nuclear’s microreactors. They aim to create easily replaceable mobile reactors to support various projects, from remote habitation, military deployment, mining operations, natural disaster relief, and much more.
5. Presentation w/ Q&A – 30 minutes
   
   Evan Cummings, Director of Business Development at Kairos Power.
   Evan oversees the commercial deployment of Kairos Power’s advanced reactor technology through the structuring and execution of strategic partnerships and commercial development opportunities.
   Kairos Power is an engineering company that aims to revolutionize the energy sector through innovative nuclear technology. Their approach focuses on minimizing technical risks through a unique testing iteration process. They aim to demonstrate their fluoride salt-cooled high-temperature reactor (KP-FHR) in the U.S. by 2030 and deploy it widely to compete with natural gas in the electricity market while employing an agile model-to-learn strategy for cost-effective development of clean energy solutions.
   Opportunity for additional public input
6. Commission member discussion
7. Old business
8. New business
   • Dartmouth Policy Research Shop
9. Final Report
   • Drafting, Commenting, Revising, Sign-off
   • Wrap-up meeting on Friday, December 1.
10. Adjournment

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Addenda

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