Investment banking on higher demand for SMR and large nuclear reactors
BWX Technologies announced today plans to expand and add advanced manufacturing equipment to its manufacturing plant in Cambridge, Ontario, Canada.
A $36.3 million USD ($50M CAD) expansion will increase the plant’s size by 25 percent—to 280,000 square feet—and another $21.7 million USD ($30M CAD) will be spent on new equipment to increase and accelerate its output of large nuclear components. The investment will increase capacity and create more than 200 long-term jobs for skilled workers, engineers, and support staff, according to the company.
Concept art of the six-module Carbon Free Power Project, to be sited at INL. (Image: NuScale)
CFPP LLC, the limited liability company established by Utah Associated Municipal Power Systems (UAMPS) in 2020 to bring its Carbon Free Power Project to fruition, has applied to the Nuclear Regulatory Commission for a limited work authorization (LWA) to permit certain early project construction activities prior to the issuance of a combined license (COL). In a July 31 news release, CFPP said that should its application be approved, early-scope construction on the small modular reactor project would likely begin in mid-2025.
Officials gather after OPG and OSGE signed a letter of intent on SMR deployment in Europe on June 2. (Photo: OSGE)
Ontario Power Generation—owner and operator of Canada’s Darlington and Pickering nuclear plants—and Poland’s ORLEN Synthos Green Energy (OSGE) have signed a letter of intent (LOI) that builds on the companies’ existing cooperation on the deployment of small modular reactors in Europe, OPG announced last week.
BWXT Canada’s Cambridge, Ontario, facility. (Photo: BWXT Canada)
NuScale Power announced earlier this week that manufacturing process development work on its small modular reactor—the NuScale Power Module—is advancing at BWXT Canada Ltd.’s Cambridge, Ontario, facility in preparation for module fabrication. NuScale said that this work is critical to the development of its SMR technology and is an example of the supply chain development opportunities for Canadian companies with the requisite power plant equipment expertise.