B&W scales back mPower small reactor program

Babcock &  Wilcox today announced plans to scale back its mPower Small Modular Reactor Program. “B&W continues to believe in the strength of the mPower technology, but without the ability to secure significant additional investors or custom Engineering, Procurement and Construction contracts to provide the financial support necessary to develop and deploy mPower reactors, the current development pace will be slowed,” the company said in its announcement.

B&W said it notified the Department of Energy on April 9 of its plans to reduce spending. The company said it plans to invest up to $15 million annually, beginning the third quarter of this year.

One of the early plans to deploying mPower reactors was at the old Clinch River Breeder Reactor Site, in a partnership with TVA, etc.

In today’s statement, B&W thanked the Tennessee Valley Authority, DOE and others for the support. James Ferland, president and CEO of B&W, said, “We look forward to working with our stakeholders to find the most efficient way to move this technology toward licensing and deployment in the mid-2020 timeframe.”

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About Frank Munger

Senior Writer Frank Munger covers the Dept. of Energy's Oak Ridge facilities and many related topics — nuclear weapons, nuclear waste and other things nuclear, environmental cleanup and science of all sorts. Atomic City Underground is, first and foremost, a news blog, but there's room for analysis, opinion and random thoughts that have no place else to go.