B&W winner of DOE’s Small Modular Reactor program

Source:Babcock & Wilcox Company
B&W mPower™ Small Modular Reactor (SMR) technology. Two mPower small modular reactors are shown installed in an underground assembly in this rendering provided by The Babcock & Wilcox Co.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) has been selected as the winner of the U.S. Department of Energy's (DOE) competitively bid Small Modular Reactor (SMR) Licensing Technical Support Program. B&W will receive funding that will support accelerated development of its B&W mPower™ SMR technology.

In March 2012, the DOE issued a final Funding Opportunity Announcement (FOA) to provide support to the American nuclear industry for SMR technology development and design certification. The funding program, expected to be administered over the next five years, is the cornerstone of a public-private partnership created to share the challenges of developing and deploying SMRs across the U.S. before 2022. SMRs offer the promise of expanding high-technology U.S. manufacturing jobs and exports, as well as maintaining America's leadership role in global nuclear policy and security issues. As a result of this FOA announcement, B&W mPower has been selected by the DOE as the SMR technology provider for early deployment, and thereby delivering these program goals and benefits for the nation.

B&W formed the mPower America project team with the Tennessee Valley Authority (TVA) and Bechtel to pursue an award under this program. The mPower America team and its members currently have nearly 400 employees working on the development and licensing of the B&W mPower SMR. The project will help to revitalize the U.S. commercial nuclear manufacturing infrastructure. B&W subsidiaries have executed 150 agreements with suppliers in 36 states to support the B&W mPower program. Once in the deployment stage, the mPower America project will create a significant number of new jobs at B&W manufacturing facilities and supplier facilities.
DOE Secretary Steven Chu stated, "The Obama Administration continues to believe that low-carbon nuclear energy has an important role to play in America's energy future.

"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."

The B&W mPower SMR is designed to provide 180 megawatts of carbon-free electricity. It is based on advanced integral pressurized water reactor technology which incorporates robust, passive safety protection systems within a fully underground containment structure. The B&W mPower design philosophy maximizes the use of proven, mature systems and components within an innovative plant architecture to reduce licensing and construction risks. The unique, security-informed, underground reactor building significantly improves plant security, and largely mitigates potential environmental impact and the effects of external events.



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