Babcock and Wilcox, Bechtel join to commercialize new nuclear plant

Washington, D.C., July 14, 2010 — Babcock & Wilcox Nuclear Energy and Bechtel Power Corp. have entered into a formal alliance to design, license and deploy a commercially viable Generation III++ small modular nuclear power plant.

Based on B&W mPower small modular reactor (SMR) technology, this new alliance, to be known as Generation mPower, brings together two energy industry companies in engineering, manufacturing and construction.

Both Bechtel and B&W are making a financial commitment in forming Generation mPower. B&W NE is a unit of The Babcock & Wilcox Co.

As a clean energy option for power generation, the 125 MW B&W mPower SMR development program has been underway for the past two years.

“This alliance is about two companies maintaining America’s historic leadership in the nuclear energy industry,” said Chris Mowry, president of B&W NE. “The formation of our Generation mPower alliance demonstrates a new level of commitment by American industry to address the growing challenge of climate change in an economical and practical way with small modular reactor technology. It brings together industry leaders in the areas of nuclear technology, manufacturing and construction. We believe that Generation mPower positions us to collectively deliver greater certainty in nuclear project cost and schedule, which are necessary to enable broader, more timely deployment of nuclear power.”

“The formation of Generation mPower is a turning point in the nuclear power plant industry — it has the potential to be a real game changer,” said Jack Futcher, president of Bechtel’s power business. “This alliance intends to advance the development and deployment of nuclear power in a way that makes nuclear power more accessible to utilities and more affordable to consumers. Bechtel brings the plant engineering, procurement and construction capability to complement B&W’s expertise in nuclear engineering and manufacturing. Together, we have the resources, experience and expertise to deliver on the promise of a new clean energy option.”

The alliance is expected to generate new jobs in engineering, manufacturing and utility operations in the U.S. and Canada. B&W will focus on designing and testing the nuclear steam supply system and nuclear island, including the design certification application development and submission, and NSSS production. Bechtel, backed by 60 years of experience in the nuclear power industry, will complement these responsibilities with integrated engineering and project management leadership.

Depending on regulatory approval and other factors, the first plant could be deployed as early as 2020.

 

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