mPower

NuScale will submit the nation’s first application for design certification of a small modular reactor (SMR) to the Nuclear Regulatory Commission (NRC) on Thursday. The Corvallis, Ore.–based company, which is majority owned by the Fluor Corp., has been developing its light-water reactor nuclear technology for more than 15 years. Development of the NuScale power module […]

On Nov. 5, The Babcock & Wilcox Co. (B&W) announced that its board of directors has unanimously approved a plan for the tax-free spin-off of the company’s power generation business to B&W’s shareholders, in the process forming two independently traded companies. In its third-quarter earnings call the following day, company executives emphasized that the two […]

The Department of Energy (DOE) has fully allocated funds to support Babcock & Wilcox’s (B&W’s) initial project period for its mPower small modular reactor (SMR) technology. The North Carolina–based company was the only winner selected in November 2012 of the DOE’s competitively bid SMR Licensing Technical Support Program, an initiative designed to boost the accelerated […]