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CAMBRIDGE, Ontario — BWX Technologies, Inc. (NYSE: BWXT) introduced right this moment a nuclear steam generator detailed design contract and a Memorandum of Understanding with Rolls-Royce SMR to assist future collaboration on the event of the Rolls-Royce SMR.
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“This settlement is a robust instance of how BWXT is positioned to allow superior nuclear reactor builders all over the world to satisfy the rising demand for clear, dependable power,” mentioned John MacQuarrie, president for BWXT Commercial Operations.
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BWXT subsidiary BWXT Canada Ltd. has been producing high-quality steam turbines for the nuclear power business for greater than 60 years and has shipped greater than 315 steam turbines to plant places all over the world. The Rolls-Royce SMR is a pressurized water reactor able to producing 470 MWe. Each reactor makes use of three steam turbines.
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“This settlement is a robust instance of how BWXT is positioned to allow superior nuclear reactor builders all over the world to satisfy the rising demand for clear, dependable power,” mentioned John MacQuarrie, president for BWXT Commercial Operations. “We look ahead to additional growing this collaboration with the group at Rolls-Royce SMR and persevering with to construct out this strong nuclear manufacturing chain.”
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“The settlement with BWXT for the design of the nuclear steam turbines – strengthened by an MoU to assist the primary items in a worldwide fleet of Rolls-Royce SMRs – is one other main stride ahead for our group,” mentioned Ruth Todd, Rolls-Royce SMR’s Operations and Supply Chain Director. “Sourcing these essential parts from world-leading suppliers is a part of our ‘designed for supply’ method – combining modularization and confirmed nuclear expertise – considerably lowering value, development time and eradicating undertaking danger.”
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Key parts of the MoU are Rolls-Royce SMR’s readiness to acquire steam turbines for a number of reactor items from BWXT and the event of a localization plan for future manufacturing work and different actions, if essential, to assist the Rolls-Royce SMR deployment within the international market.
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Rolls-Royce SMR is the one firm with a number of SMR commitments in Europe, having been chosen as most popular bidder within the Great British Energy – Nuclear SMR competitors, and by European utility, CEZ, to construct as much as three gigawatts of recent nuclear energy within the Czech Republic.
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BWXT introduced final yr a C$80 million growth of its Cambridge, Ontario, manufacturing facility which is able to considerably improve capability, enhance productiveness and create greater than 200 long-term jobs for expert staff, engineers and assist employees within the space.
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Forward-Looking Statements
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BWXT cautions that this launch incorporates forward-looking statements, together with statements regarding the potential manufacturing of steam turbines for a number of reactor items by BWXT sooner or later. These forward-looking statements contain various dangers and uncertainties, together with, amongst different issues, execution of definitive agreements for the manufacture of such steam turbines, the timing of expertise growth and competitors in an setting of speedy technological change. If a number of of those or different dangers materialize, precise outcomes could range materially from these expressed. For a extra full dialogue of those and different danger elements, please see BWXT’s annual report on Form 10-Okay for the yr ended December 31, 2024 and subsequent quarterly reviews on Form 10-Q filed with the Securities and Exchange Commission. BWXT cautions to not place undue reliance on these forward-looking statements, which converse solely as of the date of this launch, and undertakes no obligation to replace or revise any forward-looking assertion, besides to the extent required by relevant regulation.
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About BWXT
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At BWX Technologies, Inc. (NYSE: BWXT), we’re People Strong, Innovation Driven. A U.S.-based firm with almost 10,000 workers, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that gives secure and efficient nuclear options for international safety, clear power, nuclear drugs, house exploration and environmental restoration. In addition, BWXT and its business companions assist the U.S. Department of Energy and National Nuclear Security Administration throughout quite a few websites. For extra info, go to
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