Investment banking on higher demand for SMR and large nuclear reactors
BWX Technologies announced today plans to expand and add advanced manufacturing equipment to its manufacturing plant in Cambridge, Ontario, Canada.
A $36.3 million USD ($50M CAD) expansion will increase the plant’s size by 25 percent—to 280,000 square feet—and another $21.7 million USD ($30M CAD) will be spent on new equipment to increase and accelerate its output of large nuclear components. The investment will increase capacity and create more than 200 long-term jobs for skilled workers, engineers, and support staff, according to the company.
A rendering of the Natrium plant. (Image: Terrapower)
TerraPower’s application to build its Natrium nuclear power plant near Kemmerer, Wyo., is available for public viewing on the Nuclear Regulatory Commission website.
December 15, 2023, 4:56PMNuclear NewsDonna Kemp Spangler and Joel Hiller BWXT’s microreactor components would be designed to be transported directly from the factory to the deployment site. (Image: BWXT)
“The tools of the academic designer are a piece of paper and a pencil with an eraser. If a mistake is made, it can always be erased and changed. If the practical-reactor designer errs, he wears the mistake around his neck; it cannot be erased. Everyone sees it.”
Many in the nuclear community are familiar with this sentiment from Admiral Rickover. A generation of stagnation in the industry has underscored the truth of his words. But as economies around the world put a price on carbon emissions, there’s a renewed sense of urgency to deploy clean energy technologies. This shifts the global balance of economic competitiveness, and it’s clear that the best path forward for nuclear requires combining the agility of private innovators with the technology and capabilities of national laboratories.
Kassym-Jomart Tokayev, president of Kazakhstan (standing), looks on as the commercial uranium fuel supply contract between ENEC and Kazatomprom is signed. (Photo: Kazatomprom)
On the margins of the COP28 climate conference in Dubai, UAE, this week, Barakah nuclear plant owner Emirates Nuclear Energy Corporation (ENEC) signed its first commercial uranium fuel supply contract with Kazatomprom, in addition to memorandums of understanding with two U.S.-based advanced reactor developers—TerraPower and GE Hitachi Nuclear Energy (GEH).
An artist’s rendering of Natrium. (Image: TerraPower)
Advanced nuclear technology firm TerraPower announced today the selection of four suppliers to support its Natrium reactor demonstration project, in development near a retiring coal plant in Kemmerer, Wyo.
View of the machine controls electronics of Centrus’s HALEU demonstration cascade. (Photo: Centrus)
TerraPower and Centrus Energy Corp. announced on July 17 that they have signed a memorandum of understanding to “significantly expand their collaboration aimed at establishing commercial-scale, domestic production capabilities for high-assay, low-enriched uranium (HALEU)” to supply fuel for TerraPower’s first Natrium reactor. Nearly three years ago, TerraPower first announced plans to work with Centrus to establish commercial-scale HALEU production facilities. The two companies signed a contract in 2021 for services to help expedite the commercialization of enrichment technology at Centrus’s Piketon, Ohio, facility.
Industry professionals visit INL as part of a U.S. Nuclear Industry Council Conference. (Photo: INL)
The Department of Energy’s commitment to breaking down market barriers with initiatives, programs, and access to facilities is making it simpler and more efficient than ever for industry to partner with national laboratories. It is especially timely, as the country continues to face evolving security, economic, and clean energy challenges. Partnering opportunities via the DOE’s Cooperative Research and Development Agreements (CRADAs) and Strategic Partnership Projects (SPPs) are particularly prevalent in the commercial nuclear community and have seen a tremendous amount of funding and support dedicated to advancing the development, demonstration, and deployment of new reactor technologies.
ANS's “Powering Our Future: The Coal to Nuclear Opportunity” panel discussion featured (top left, clockwise) Jessica Lovering, Patrick Burke, Kenya Stump, Andrew Griffith, Christine King, and Carol Lane. (ANS screenshot)
Since at least June of last year—when TerraPower and PacifiCorp announced plans to site the Natrium reactor demonstration project at one of Wyoming’s retiring coal plants—the concept of repurposing those plants to host nuclear reactors has been a popular topic of conversation among the energy cognoscenti.