In this presentation, the status and strategy of the PBMR Hydrogen Production Projects are summarized.

This includes progress on several possible Process Heat Plant projects in various international locations.

Westinghouse has partnered with the PBMR Company, the Shaw Group, and Technology Insights to develop and deploy PBMR based nuclear process heat facilities for Hydrogen production and other process applications. The team envisions that the first series of facilities involve consortia of industrial clients and is working to that end. Several applications offer significant commercial interest and are being considered as possible demonstration projects with potential industrial customers. This presentation reports on the efforts and status of these collaborations. Several key economic, technical and regulatory drivers impact nuclear process heat applications and the potential markets for PBMR Process Heat technologies.

Westinghouse, PBMR Company, the Shaw Group, and Technology Insights are working with several process heat energy stakeholders to evaluate the feasibility of nuclear process heat applications utilizing the base PBMR Technology.

Promising collaborations for process heat include:

• Syngas from natural gas and coal, via steam-methane reforming to be used as chemical feed for H2 plants, ammonia, methanol plants and others.

• Cogeneration applications which includes refineries & petrochemical, heavy industries, district heating and potential desalination applications.

• Oil sands recovery and processing which requires steam and power production as well as hydrogen for bitumen processing.

• Hydrogen production to be used in refinery applications or as pipeline hydrogen.

• Next Generation Synthetic Fuel Technology for Coal to Liquids and Coal to Methane without CO2 emissions or sequestration using hydrogen and oxygen from nuclear water-splitting.

Development of these strategic technologies is driven by concern for increased energy demand, increased cost of natural gas and petroleum, energy diversity and security and the need to reduce CO2 and other emissions from carbon feedstocks and fuels.

The Next Generation Synthetic Fuel Technology will be based on large scale production of nuclear hydrogen and oxygen as a feedstock.

One of these collaborative projects includes the Westinghouse-led consortium that was awarded the principal contract for the initial phase of pre-conceptual engineering services and planning for the Next Generation Nuclear Plant (NGNP) by the U.S. Department of Energy (DOE). This initial 12-month phase of the NGNP is the U.S. government's first step in deploying a commercial scale HTGR prototype plant for the generation of hydrogen and/or electricity.