Latest news with #BWRX-300SMR
Time of India
11-05-2025
- Business
- Time of India
Is Canada new global force in nuclear power as SMR construction begins in Ontario?
Ontario has officially launched construction on Canada 's inaugural small modular reactor (SMR) after Premier Doug Ford's government authorization. It is a step in the province's strategy to meet a projected 75 percent surge in electricity demand by 2050. #Operation Sindoor India responds to Pak's ceasefire violation; All that happened India-Pakistan ceasefire reactions: Who said what Punjab's hopes for normalcy dimmed by fresh violations Led by Ontario Power Generation (OPG) in collaboration with GE Vernova and Hitachi , the project is set to unfold at the Darlington Nuclear Generating Station, situated along the Lake Ontario shoreline. A BWRX-300 SMR, the initial unit will deliver 300 megawatts of power, sufficient to supply approximately 300,000 homes according to Ontario's Ministry of Energy and Mines , and this reactor is anticipated to be the first of its kind to operate in the Western world. Stephen Lecce, Ontario's minister of energy and mines, said, "Ontario needs more power. I think we understand this problem today. When you turn the lights on in your living room, you may not think about where that power comes from." Each subsequent reactor is expected to be more cost-effective, with capital costs projected to decrease by up to 60 percent per megawatt. Live Events The total investment for the four-reactor project is estimated at $20.9 billion, encompassing shared infrastructure costs. OPG plans to finance the endeavor through a combination of internal funds and debt, with electricity rates anticipated to recover the expenses over time. The project is also expected to generate significant economic benefits, including up to 18,000 jobs, and contribute C$38.5 billion to Canada's GDP over the next 65 years. Additionally, the initiative will produce C$4.9 billion in tax revenues for municipal, provincial, and federal governments during the same period. Lecce emphasized the importance of reliable and affordable energy for the province and said, "Ensuring that we have reliable, affordable energy is essential to the economic sovereignty of our province and country." The BWRX-300 reactor, designed by GE Vernova and Hitachi, is characterized by its compact size, about 10 percent that of traditional reactors, and advanced safety features, including passive cooling systems. John Bennett, senior policy adviser at the environmental group Friends of the Earth Canada, expressed skepticism over claims that renewables are less cost-effective than the proposed SMR project. 'No nuclear plant of any type has ever come in on budget, let alone a new untested design,' Bennett wrote in an email to CBC News. But for now, construction is underway, with the first reactor slated to commence operations by 2030, which will put Ontario at the forefront of nuclear innovation within the G7 members and a global leader in next-generation clean energy.
Yahoo
23-04-2025
- Business
- Yahoo
TVA reapplies for $800M grant to ‘accelerate' construction of Small Modular Reactor
KNOXVILLE, Tenn. (WATE) — The Tennessee Valley Authority has reapplied for an $800 million grant to 'accelerate' the construction of the country's first Small Modular Reactor (SMR), which could potentially be installed at the TVA's Clinch River Nuclear Site. The reapplication comes after the U.S. Department of Energy updated grant criteria for the original $800M grant the TVA applied for in January, which was created and appropriated by Congress in 2024. The TVA said the DOE asked applicants to reapply after the criteria were updated. Company awarded grant to build centrifuge facility in Oak Ridge Since 2023, the TVA has been working with working with GE Hitachi, Ontario Power Generation and Synthos Green Energy to develop the standard design for the BWRX-300 SMR. In January, the TVA and its partners announced that they were entering the planning phase for the initial construction and design of the SMR for the TVA' Clinch River Nuclear Site. The TVA said it has completed the Environmental Review for the Clinch River project and has sent a notification of intent to submit a Construction Permit Application to the Nuclear Regulatory Commission. The TVA is hoping to submit the application by this summer, and earlier this month, it submitted an application for a separate DOE grant for $8 million in support of the NRC license review costs, the TVA said. According to the TVA, preliminary site preparation for the Small Modular Reactor could begin as soon as 2026. 'We are facing a historic moment that could decide our nation's energy security for decades to come and the world is looking for American leadership,' said Don Moul, TVA President and CEO. 'This is not about building an SMR. We are working to develop a technology, a supply chain, a delivery model and an industry that will unleash American energy.' 'A design anchored in reality' Knoxville company one step closer to creating fusion power plant In January, the TVA released a document that said the nominal energy output for the BWRX-300 SMR would be 300 Megawatts of electrical capacity. Based on an explanation of the U.S. Energy Information Administration, if the reactor were able to operate at full capacity for every hour of every day for 365 days, the SMR could produce up to 2,628,000 megawatt hours of electricity per year. In Tennessee, the advanced energy industry accounts for more than 400,000 jobs and is growing faster than the state's overall economy, one report from 2024 states. The report added that in 2022, advanced energy added $56 billion to Tennessee's GDP during 2022. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
31-01-2025
- General
- Yahoo
TVA asks for public input on impact of Clinch River Nuclear Site
OAK RIDGE, Tenn. (WATE) — The Tennessee Valley Authority is asking the public to share comments and concerns about the potential environmental impact of implementing a small modular reactor at the Clinch River Nuclear Site. On Friday, the TVA shared that it had completed a draft supplemental environmental impact statement (SEIS), which assesses the environmental impacts associated with the additional of the proposed implementation of a reactor at the site. The proposed action includes site preparation, construction, operation, and decommissioning a nuclear facility at the site. 'They're hiding behind the anonymous word': Fake deportation sales posted in Roane County Facebook group Earlier this month, the TVA and several of its partners announced that they would begin construction planning for a potential small modular reactor (SMR) at the site. The proposed plan could implement a BWRX-300 SMR, designed by a partnership effort between the TVA, GE Hitachi, Ontario Power Generation and Synthos Green Energy. Efforts have been underway to develop the design for the standard reactor since 2023. The 155-page draft SEIS document explains the potential impacts of the TVA's preferred proposed action on various natural and community resources, as well as several other options. Read the full report below. Clinch-River-Nuclear-Site-SEIS-TVADownload The draft SEIS also explains that the nominal gross electric output of the BWRX-300 SMR would be 300 megawatts of electric capacity. According to the document, the TVA believes the SMR could be ready for commercial deployment within a decade. Decades suffering from autoimmune diseases, Knoxvillian Cindy Siegel Shepler traveled to Europe to end her life The public is invited to learn more and ask questions about the draft SEIS at a public meeting that will take place on Thursday, February 27 between 5:30 p.m. and 7:30 p.m. The meeting will be taking place at the East Tennessee Economic Council, 1201 Oak Ridge Turnpike, Oak Ridge, TN 37830. A virtual meeting will also be held from 5:30 p.m. to 7:30 p.m. on Tuesday, February 25. Additional information on the meetings can be found at Public comments can also be submitted online or by email to nepa@ or in writing to to Carol Butler Freeman, NEPA Specialist, 400 West Summit Hill Drive, WT 11B, Knoxville, TN 37902 postmarked by March 18, 2025. The TVA previously explained that although they and their partners are collaborating to develop the potential Clinch River SMR's cost estimate and schedule, the TVA's board has not yet voted to approve an SMR at the Clinch River Nuclear site. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
27-01-2025
- Business
- Yahoo
BWXT Awarded Historic Manufacturing Contracts to Support Pickering Life Extension and Darlington New Build Projects
CAMBRIDGE, Ontario, January 27, 2025--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today contracts with a total value of more than C$1 billion for two major nuclear energy projects that will enable Ontario Power Generation's (OPG) life extension of the Pickering Nuclear Generating Station, and the deployment of a new small modular reactor (SMR) at the Darlington site. Under the first contract, BWXT will manufacture 48 steam generators at its Cambridge facility for the Pickering life extension program. The project will create more than 250 highly skilled trades positions, including welders, fitters and machinists, as well as add more engineers and supporting staff. The duration of the project will be more than seven years, with a significant portion booked in fourth quarter 2024. BWXT is performing the work for its customer CanAtom, a joint venture between AtkinsRéalis and Aecon. BWXT also announced a contract to manufacture the reactor pressure vessel (RPV) for customer GE Hitachi Nuclear Energy's BWRX-300 SMR. The largest component within the technology, the RPV contains the reactor core, coolant and support structures. BWXT is the first manufacturer in North America to begin this type of work for an SMR technology and will play a key role in the deployment of SMRs across Canada and the world. This order was booked in second quarter 2024. The Province's Minister of Energy and Electrification Stephen Lecce joined BWXT at its Cambridge, Ontario, facility for the announcement. "Ontario needs more nuclear energy to meet growing electricity demand, and it's our province's highly skilled workers that will make it all possible," said Stephen Lecce, Minister of Energy and Electrification. "I am so pleased to work with companies like BWXT that are investing in Ontario and in our workers, as we continue to cement Ontario's position as a global leader in new nuclear technologies." "The BWXT team stands ready to help our customers and Ontario create a future that provides abundant, emissions-free electricity, while increasing sustainable, good-paying jobs for Canada," said John MacQuarrie, president, BWXT Commercial Operations. "We've been taking strategic steps to further meet the current and anticipated demand for nuclear power. These significant projects leverage BWXT's extensive capabilities and specialized expertise in the delivery of large components for the domestic and global nuclear industry." "The contract to fabricate the reactor pressure vessel for the first BWRX-300 is another key milestone in the deployment of this technology," said Lisa McBride, Canada Country Leader, GEH. "We are excited to be working with BWXT to move this project forward, while bringing benefits to manufacturing workers in Ontario." The Pickering Life Extension Program is in its initial phases and will enable the Pickering "B" fleet of reactors to operate for an additional 30 years. The work is anticipated to be completed in the mid-2030s. Pickering features four operating CANDU® reactors and accounts for approximately 10% of Ontario's electricity needs. "By refurbishing existing assets at Pickering Nuclear, and building SMRs at the Darlington New Nuclear Project, OPG is helping Ontario meet rapidly growing demand for low-carbon, reliable baseload nuclear energy," said Nicolle Butcher, OPG President CEO. "Ontario's robust nuclear supply chain, including trusted partners like BWXT, will help ensure these large nuclear projects have the components necessary to complete these projects on time, on budget, safely and with quality." "CANDU technology, as Canada's only domestically developed, large scale nuclear technology, is a source of national pride," said Joe St. Julian, President, Nuclear, AtkinsRéalis. "We are pleased to continue working with BWXT as a major player in the CANDU supply chain and a proud Canadians for CANDU supporter. The CANDU reactors at OPG are indispensable to providing Ontario with energy security and reliable, clean power to millions of people. Their refurbishment and continued operation helps to support many Ontario jobs." "The Pickering Refurbishment Project will help ensure the supply of clean, safe, reliable, and affordable electricity for future generations while stimulating the economy and further expanding Ontario's strong nuclear supply chain. We look forward to safely delivering this critical project and advancing our work with BWXT alongside our client OPG and partner AtkinsRéalis," said Aaron Johnson, Senior Vice President, Nuclear, Aecon Group Inc. The BWRX-300 scheduled for the OPG Darlington New Nuclear Project is on track to be the first on-grid SMR among G7 nations. The design is a 300-MWe water-cooled, natural circulation SMR with passive safety systems that leverages the design and licensing basis of GEH's U.S. NRC-certified ESBWR. Already one of the largest commercial nuclear equipment manufacturing facilities in North America, the BWXT Cambridge facility is undergoing preparatory work for its C$80 million expansion to further support current and anticipated demand for nuclear projects in Ontario and around the world. Forward-Looking Statements BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the manufacturing contract for the Pickering life extension project and the reactor pressure vessel manufacturing contract. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the 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, 2023 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. A U.S.-based company, BWXT is a Fortune 1000 and 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 8,700 employees, BWXT has 15 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. For more information, visit Follow us on LinkedIn, X, Facebook and Instagram. View source version on Contacts Media Contact John DobkenSenior Manager, Media & Public Relations202.428.6913 jcdobken@ Investor Contact Chase JacobsonVice President, Investor Relations980.365.4300 investors@
