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B&W Selected As Winner Of DOE’s Small Modular Reactor Program

Stocks in this article: BWC

“Restarting the nation’s nuclear industry and advancing small modular reactor technologies will help create new jobs and export opportunities for American workers and businesses, and ensure we continue to take an all-of-the-above approach to American energy production,” Chu said.

“With this public-private partnership, the DOE is providing important national leadership for America in the global pursuit of SMR technology,” said E. James Ferland, President and Chief Executive Officer of B&W. “This partnership is essential to reestablishing our nation’s international competitiveness in the nuclear energy industry, as well as enhancing U.S. manufacturing infrastructure and energy independence. We are honored to have been selected by the DOE for this program and are appreciative of the support we have received from the U.S. Congress and the state governments of Indiana, Maryland, North Carolina, Ohio, Pennsylvania, Tennessee and Virginia.”

“We are grateful for the DOE’s endorsement of B&W mPower. Our company, our partners, and our industry are working hard to turn the vision of a more practical, flexible and affordable clean energy solution into reality. With the DOE’s support, we can deliver this important innovation to the energy industry and our nation more quickly and with less risk,” said Christofer M. Mowry, President of B&W mPower, Inc. “We are committed to maximizing the return on our government’s investment for our country and the public. The DOE’s selection validates B&W mPower as the leading SMR technology and is expected to accelerate market adoption both domestically and internationally, creating more high technology jobs and exports for our country.”

TVA is preparing an application to the Nuclear Regulatory Commission to license up to four B&W mPower SMRs at its Clinch River Site in Oak Ridge, Tennessee.

“TVA is pleased that the mPower America Team has been selected by the DOE to receive cost-share funding for the design and licensing of a small modular reactor,” said TVA Senior Vice President of Policy and Oversight, Joe Hoagland. “It supports TVA's mission of being a national leader in technological innovation and may provide a new source of clean, base-load generation capacity in the future.”

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