This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Ribbon Cutting Event Held At B&W MPower™ Fuel Technology Center

Stocks in this article: BWC

The Babcock & Wilcox Company (B&W) (NYSE:BWC) was joined by Representative Bob Goodlatte (VA-6) and Bob Sledd, Senior Economic Advisor to the Governor of Virginia, for a ribbon-cutting ceremony today at the new B&W mPower™ Fuel Technology Center (FTC) in Lynchburg, Va. The advanced manufacturing technologies B&W will use to produce nuclear fuel for its B&W mPower small modular reactor (SMR) will be developed and qualified at the FTC. Longer term, the technologies developed at the FTC give B&W the ability to support the manufacture of fuel for other reactors.

This newly dedicated facility marks the third major infrastructure development project in Virginia related to the B&W mPower reactor, including the establishment of a dedicated design office in 2010 and an Integrated System Test facility in 2011.

The FTC has three primary missions:

  • Develop and demonstrate key fabrication technologies and processes needed for the planned manufacture of B&W mPower reactor fuel and fuel-related components
  • Fabricate production-representative prototype fuel assemblies and individual components in order to support the fuel design, testing and licensing process
  • Serve as the materials test facility for engineers to evaluate the mechanical performance of both complete fuel assemblies and individual assembly components

Christofer M. Mowry, President of Babcock & Wilcox mPower, Inc., said, “Bringing a viable, proven SMR design to market requires an investment in facilities needed to qualify and manufacture reactor components. B&W is proud to add this dedicated facility to our robust B&W mPower development infrastructure. Our operational testing and manufacturing facilities, design maturity and unparalleled depth of industry partnerships are important reasons why the B&W mPower reactor is receiving strong interest from customers both domestically and abroad.”

Representative Goodlatte said, “B&W has a long history of nuclear manufacturing innovation, and today’s ceremony demonstrates how the company continues to stay on the cutting edge of energy technology development and deployment. The fact that this new facility will add more than a dozen high-tech jobs to the hundreds already created by B&W to develop their SMR program clearly demonstrates how a U.S. company can keep good-paying jobs at home and further develop our nation’s advanced manufacturing infrastructure.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs