BWXT Awarded an Engineering Contract from TerraPower for the Natrium™ Demonstration Project
03 August 2023 - 6:30AM
Business Wire
BWX Technologies, Inc. (NYSE: BWXT) today announced a contract
with TerraPower to design the Intermediate Heat Exchanger for the
Natrium Demonstration Project.
The Natrium technology is a 345-megawatt sodium fast reactor
coupled with a molten salt-based integrated energy storage system.
The Intermediate Heat Exchanger is a critical component of the
Natrium advanced reactor. It transfers heat from the primary sodium
in the primary heat transport system to the intermediate heat
transport system. This work will start from conceptual design,
preliminary design and final detailed design activities of the
Intermediate Heat Exchanger, and be performed by BWXT Canada Ltd.
in Cambridge, Ontario.
“BWXT has the required experience and expertise in commercial
nuclear innovation to serve the fast-growing global advanced
reactor market,” said John MacQuarrie, president of BWXT Commercial
Operations. “We are pleased to work with TerraPower to execute this
contract and look forward to meeting our commitments while
expanding our role in accelerating the supply of clean energy in
North America.”
In November 2021, TerraPower announced Kemmerer, Wyoming as the
preferred site for the Natrium Demonstration Project, one of two
competitively-selected advanced reactor demonstration projects
(ARDP) supported by the U.S. Department of Energy (DOE). Successful
design of the Intermediate Heat Exchanger by BWXT Canada Ltd. is
key to the planned achievements of the Natrium Demonstration
Project’s power generation.
BWXT is a global leader in the design, manufacture and service
of commercial nuclear components. As a result of its investments in
people and facilities, BWXT has become an essential partner in the
delivery of nuclear projects, supporting customers’ commitment to
generating clean, reliable, low-cost electricity for communities
and businesses.
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance,
design, suitability and impact of the Intermediate Heat Exchanger
to be designed by BWXT under the contract with TerraPower. 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
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a
Defense News Top 100 manufacturing and engineering innovator that
provides safe and effective nuclear solutions for global security,
clean energy, environmental restoration, nuclear medicine and space
exploration. With approximately 7,000 employees, BWXT has 14 major
operating sites in the U.S., Canada and the U.K. In addition, BWXT
joint ventures provide management and operations at a dozen U.S.
Department of Energy and NASA facilities. BWXT’s Commercial
Operations 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. Follow us on Twitter at @BWXT and learn more at
www.bwxt.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230801771721/en/
Media Contact Monifa Miller Senior Director, Corporate
Affairs 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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