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BWX Technologies Announces Co. Will Build The First Advanced Nuclear Microreactor In The United States Under A Contract Awarded By The U.S. Department Of Defense Strategic Capabilities Office; Contract Valued At $300M

BWX Technologies, Inc. (NYSE:BWXT) will build the first advanced nuclear microreactor in the United States under a contract awarded by the U.S. Department of Defense (DoD) Strategic Capabilities Office (SCO). The Project

Benzinga · 06/09/2022 06:49

BWX Technologies, Inc. (NYSE:BWXT) will build the first advanced nuclear microreactor in the United States under a contract awarded by the U.S. Department of Defense (DoD) Strategic Capabilities Office (SCO). The Project Pele full-scale transportable microreactor prototype will be completed and delivered in 2024 for testing at the Idaho National Laboratory.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220609005154/en/

Artist’s rendering of BWXT’s Project Pele transportable reactor modules arriving for set up and operation. (Graphic: Business Wire)

SCO has partnered with the U.S. Department of Energy to develop, prototype and demonstrate a transportable microreactor that can provide a resilient power source to the DoD for a variety of operational needs that have historically relied on fossil fuel deliveries and extensive supply lines. Transportable microreactors deliver clean, zero-carbon energy where and when it is needed in a variety of austere conditions for not only the DoD, but also potential commercial applications for disaster response and recovery, power generation at remote locations, and deep decarbonization initiatives.

The prototype will be built under a cost-type contract valued at approximately $300 million, depending on options selected, by BWXT Advanced Technologies LLC in facilities in Lynchburg, Virginia and Euclid, Ohio. Over the next two years, BWXT expects that approximately 120 employees will work on the project, including roughly 40 skilled trades, engineers and other positions that will be hired to support this effort and other projects.

“We are on a mission to design, build and test new nuclear technology to protect the environment while providing power, and we are thrilled with this competitively bid award after years of hard work by our design and engineering team,” said Joe Miller, BWXT Advanced Technologies LLC president. “The entire nuclear industry recognizes that advanced reactors are an important step forward to support growing power needs and significant carbon reduction imperatives.”