RD229 - Virginia Nuclear Energy Consortium Authority 2020 Annual Report

Executive Summary:

Charge and Responsibilities

In 2013, the General Assembly created the Virginia Nuclear Energy Consortium Authority (the Authority) as a political subdivision of the Commonwealth for the following purposes:

• Making Virginia a national and global leader in nuclear energy, scienceand technology;

• Serving as an interdisciplinary study, research and information resource fornuclear energy in Virginia; and

• Establishing the Virginia Nuclear Energy Consortium (the Consortium), a non-stock corporation responsible for conducting activities to achieve these goals.

This, the Authority’s 2020 Annual Report, details its activities over the last year and offers strategic recommendations to advance nuclear energy in Virginia in 2021 and beyond.

Authority Activities in 2020

Since its establishment and organization in 2013, the Authority has worked diligently to:

• Set goals and define the responsibilities for the Authority and the Consortium;

• Recruit members to the Consortium, securing commitments from companies and higher education institutions;

• Maintain an annual inventory of nuclear education and industry assets in Virginia, illustrating that the nuclear sector is helping drive Virginia’s economy in every region, with high skilled jobs, research and technology development and generation of revenue at both the state and local level;

• Provide technical support and policy recommendations to the development of the Virginia Energy Plan and its biennial status updates;

• Provide information and expertise to stakeholders, elected and non-elected officials, and policymakers at all levels of government; and

• Establish the Authority as a convening body for information on the current state of the nuclear industry in the Commonwealth, nationwide and globally.

Following the 2019 “Virginia is Nuclear" Summit, the 2020 General Assembly approved several pieces of legislation that highlighted many of the goals the Authority hoped to achieve. Key legislation included the passing of SB 828 defining carbon-free and clean energy that included nuclear. Additional legislation, SB 817 and HB 1303, tasked the Authority and VNEC to work in conjunction with the Department of Mines, Minerals, and Energy and the Secretaries of Commerce and Trade and Education to develop a strategic plan for nuclear energy as part of the Commonwealth’s overall goal of carbon-free energy.

With this most recent legislation and increasing support from the federal government, we are quickly entering a time of significant potential opportunity for nuclear carbon free energy. The recommendations developed in the strategic plan and accompanying activity by the Authority will ensure that Virginia is positioned to grab that opportunity and maintain its position as a leader in nuclear technology.

Strategic Recommendations for 2020 and Beyond

The Authority and the Consortium recommend the Governor and the Legislature support the following actions in 2020:

1. Carbon Roadmap
Developing a roadmap for deployment of economical and technically feasible electricity sources needed to meet actual electrical demand profiles and carbon-fee energy plan targets.

2. Siting for Small Modular or other Advanced Reactor
Consider public-private partnerships for siting and construction of small modular or other advanced reactor.

3. Workforce Development
To ensure that education and training programs are providing the necessary educational and work-based knowledge required to meet the demands of tomorrow’s nuclear energy workforce.

4. Generation Targets
Establishing a nuclear energy generation target if it is in the interest of the Commonwealth’s long-term clean energy goal.

5. Promote Diversity and Inclusion
Promote diversity and inclusion in STEM Disciplines in order to shift the patterns of representation – addressing ways to change the STEM culture to be more welcoming and inclusive of diverse cultures and backgrounds.