BWXT Awarded Contract to Evaluate Microreactor Deployment for State of Wyoming
September 12 2023 - 6:45AM
Business Wire
Effort Will Leverage U.S. Department of Energy
Advanced Reactor Demonstration Program Achievements
BWX Technologies, Inc. (NYSE: BWXT) today announced a two-phase,
two-year contract with the Wyoming Energy Authority to assess the
viability of deploying small-scale nuclear reactors in the state as
a source of resilient and reliable energy to augment existing power
generation resources.
BWXT Advanced Technologies LLC (BWXT) will execute the two-year
contract in close consultation with the State of Wyoming and other
Wyoming organizations and companies.
Under phase one of the contract, BWXT will work with Wyoming
industries to define the requirements basis for nuclear
applications of base heat and power needs of the trona mining
operations within the state. BWXT will also perform engineering
work to further the design of its integrated “BANR” microreactor
system that can integrate into Wyoming’s future power needs. This
work will also include identifying areas where Wyoming’s existing
supply chain can demonstrate capabilities for reactor component
manufacturing and support reactor deployment.
Based on the outcomes of the first phase of the contract, phase
two of the contract will entail BWXT furthering the design basis of
BANR to meet the specific needs of potential Wyoming end users. A
demonstration of the capabilities of Wyoming manufacturers would
also be performed to validate the supply chain activities completed
in phase one.
Throughout both phases of the contract, BWXT will leverage
existing U.S. Department of Energy Advanced Reactor Demonstration
Program (ARDP) achievements through the company’s collaboration
with Idaho National Laboratory (INL) and other internal BWXT
research and development investments. Through the ARDP, BWXT and
DOE have been developing the BANR microreactor since 2021, and this
effort in Wyoming represents an acceleration of BWXT’s commercial
nuclear development efforts.
“At the end of this project, the potential job-creation,
manufacturing and industrial opportunities for nuclear power in
Wyoming will be clearer, and we will have a roadmap for deploying
microreactors in the state,” said Joe Miller, BWXT Advanced
Technologies LLC president. “When state and federal agencies work
together with the private sector, we expect the economic and
environmental benefits of nuclear innovations will be
unlocked.”
INL has been providing strategic and technical support to the
State of Wyoming under a memorandum of understanding signed on May
4, 2022.
“BWXT and the State of Wyoming are leaders in forging innovative
partnerships and innovative business frameworks that will help
transform Wyoming’s economy and help secure the nation’s energy
future,” said Steven Aumeier, senior advisor for strategic programs
at INL.
“BWXT’s microreactor project presents the possibility of
creating additional resources for industrial end users in Wyoming –
thereby helping further a full value chain nuclear industry in
Wyoming, advancing and diversifying our economy,” said Rob Creager,
Executive Director of the Wyoming Energy Authority. “Wyoming is in
the unique position to be able to contribute funding for these
innovative projects and believes this further demonstrates the
strength of the Wyoming Energy Authority’s public-private
partnerships.”
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance,
design, suitability and impact of the micoreactor design and
engineering work to be undertaken by BWXT under the contract with
the Wyoming Energy Authority. These forward-looking statements
involve a number of risks and uncertainties, including, among other
things, modification or termination of the project, execution of
future contracts and delays. If one or more of these or other risks
materialize, actual results may vary materially from those
expressed. For a more complete discussion of these and other risk
factors, please see BWXT’s annual report on Form 10-K for the year
ended December 31, 2022 and subsequent quarterly reports on Form
10-Q filed with the Securities and Exchange Commission. BWXT
cautions not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release, and
undertakes no obligation to update or revise any forward-looking
statement, except to the extent required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a
Defense News Top 100 manufacturing and engineering innovator that
provides safe and effective nuclear solutions for global security,
clean energy, environmental restoration, nuclear medicine and space
exploration. With approximately 7,000 employees, BWXT has 14 major
operating sites in the U.S., Canada and the U.K. In addition, BWXT
joint ventures provide management and operations at a dozen U.S.
Department of Energy and NASA facilities. Follow us on Twitter at
@BWXT and learn more at www.bwxt.com.
About Idaho National Laboratory
Battelle Energy Alliance manages INL for the U.S. Department of
Energy’s Office of Nuclear Energy. INL is the nation’s center for
nuclear energy research and development, and also performs research
in each of DOE’s strategic goal areas: energy, national security,
science and the environment. For more information, visit
www.inl.gov. Follow us on social media: Twitter, Facebook,
Instagram and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20230912390802/en/
Media Contact Jud Simmons Senior Director, Media &
Public Relations 434.522.6462 hjsimmons@bwxt.com
BWXT Investor Contact Chase Jacobson Vice President,
Investor Relations 980.365.4300 investors@bwxt.com
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