NuScale Power has taken a big step forward by selecting Virginia-based BWX Technologies, INC. (BWXT) to start the engineering work to manufacture NuScale’s small modular reactor (SMR). Selecting a fabricator marks the transition from design and planning into the manufacturing phase. This represents major progress in the mission to bring NuScale’s advance nuclear technology to market.
The decision to select BWXT follows a rigorous 18-month selection process, with expressed interest from 83 companies based in 10 countries, to determine the best company to refine NuScale’s design for manufacturability, assembly, and transportability – the first phase in bringing NuScale’s pioneering design to life. NuScale’s technology is the world’s first and only SMR to undergo Design Certification review by the U.S. Nuclear Regulatory Commission.
BWXT was chosen because of its proven capabilities and industry experience. “BWXT’s established industry experience was important for us, and so was choosing an American company,” said John Hopkins, NuScale Power’s Chairman & Chief Executive Officer.
The SMR market is estimated by the Nuclear Energy Agency to be more than $100 billion by 2035. This is a global market with enormous economic opportunity.
BWXT will immediately start work on this first manufacturing phase of NuScale’s SMR, which we expect will continue through June 2020.
NuScale is competing with other countries, including Russia and China, in the global commercialization of SMRs. According to the U.S. Department of Commerce, every $1 billion of exports by U.S. companies represents at least 5,000 jobs. The sale of NuScale SMRs would have a significant impact to both the American economy and manufacturing jobs market.
NuScale’s technology will bring immense economic prosperity to people in the U.S, while improving the quality of life for those all across the world by providing smarter, 100% carbon-free electricity.