BWXT Awarded Engineering Contract from GE Hitachi for BWRX-300 Small Modular Reactor
March 21 2023 - 06:45AM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) today announced an
engineering contract awarded by GE Hitachi Nuclear Energy (GEH) for
its BWRX-300 small modular reactor (SMR) reactor pressure vessel
(RPV).
The RPV, which contains the reactor core and associated
internals, comprises the largest component within the BWRX-300.
Work associated with the contract includes engineering analysis,
design support, manufacturing and procurement preparations.
This announcement supports recent demonstrations of interest in
SMR development by utilities and project developers across North
America and Europe and is subsequent to a GEH press release made on
October 19, 2021, where GEH announced it had entered into a teaming
agreement with BWXT Canada to cooperate on engineering and
procurement to support the design, manufacturing and
commercialization of the BWRX-300 SMR.
“Intricate design projects like the RPV for GEH’s BWRX-300 are
well-suited for BWXT’s engineering capabilities, as BWXT excels in
supplying design solutions for complex nuclear components that BWXT
can efficiently manufacture,” said John MacQuarrie, president of
BWXT Commercial Operations. “We are grateful to GEH for their
confidence in our experience and are thrilled to be one of the
first to execute an SMR design contract for a North American
deployment.”
About the BWRX-300 Small Modular Reactor
The BWRX-300 is a 300 MWe water-cooled, natural circulation SMR
with passive safety systems that leverages the design and licensing
basis of GEH’s U.S. NRC-certified ESBWR. Through dramatic and
innovative design simplification, GEH projects the BWRX-300 will
require significantly less capital cost per MW when compared to
other SMR designs. For more information on the BWRX-300 SMR, click
here.
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance,
design, suitability and impact of the RPV engineering contract for
the BWRX-300 SMR. 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 Canada Ltd.
BWXT Canada Ltd. (BWXT Canada) has over 60 years of expertise
and experience in the design, manufacturing, commissioning and
service of nuclear power generation equipment. This includes steam
generators, nuclear fuel and fuel components, critical plant
components, parts and related plant services. BWXT Canada’s sister
company, BWXT Medical Ltd. (BWXT Medical) provides its customers,
who conduct life-saving medical procedures for patients around the
world, the benefit of decades of experience in the development,
manufacturing, packaging and delivery of medical isotopes and
radiopharmaceuticals. Headquartered in Cambridge, Ontario, BWXT in
Canada has approximately 1,500 employees at locations in Cambridge,
Dundas, Peterborough, Toronto, Arnprior, Pickering, Port Elgin,
Owen Sound, Kanata and Oakville, Ontario and Vancouver, British
Columbia. BWXT Canada is a subsidiary of BWX Technologies, Inc.
(NYSE: BWXT). Follow us on Twitter @BWXT and learn more at
www.bwxt.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230321005309/en/
Media Contact Monifa Miller Senior Director, Corporate
Affairs, BWXT Commercial Operations 519.242.8071
mamiller@bwxt.com
Investor Contact Chase Jacobson Vice President, Investor
Relations 980.365.4300 investors@bwxt.com
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