Antinuclear

Australian news, and some related international items

USA nuclear company scraps plans for Small Modular Nuclear Reactors (SMRs)

BWXT, Bechtel shelve mPower program Roanake Times, March 15, 2017 By Margaret Carmel The (Lynchburg) News & Advance Local nuclear company BWXT and the engineering corporation Bechtel abandoned their mPower initiative — a collaborative program to develop small nuclear reactors — earlier this month.

The two companies formed Generation mPower LLC in 2011 to develop, market and deploy small nuclear reactors called Small Modular Reactors, or SMRs. Bechtel and BWXT wanted to market the SMR’s shorter startup time and the capability for plants to activate several reactors to increase power generation capabilities , according to Bechtel spokesman Fred deSousa……..

The March 3 announcement came almost a year after the companies entered an agreement to restructure the program , which transferred the responsibility of finding investors for the project from BWXT to San Francisco-based Bechtel. As part of the termination agreement, BWXT will pay Bechtel a $30 million settlement as agreed to by both companies at the time of the restructuring agreement in 2016.

“Over the last several years, both BWXT and Bechtel have worked very hard to attract additional investor interest in the mPower,” BWXT spokesman Jud Simmons said. “We are disappointed that additional interest has not materialized, but BWXT will move forward in other areas where our unique expertise matches our current and potential customers’ needs.”

A large portion of BWXT’s research and development on the project was conducted at the Center for Advanced Engineering and Research in Bedford County. The company built the 120-foot-tall Integrated Systems Test facility — commonly referred to as the test loop — at CAER as a mock nuclear power facility to test new equipment and to simulate events like accidents or cyber attacks specifically related to the mPower project…….. http://www.roanoke.com/news/bwxt-bechtel-shelve-mpower-program/article_9d2f050a-6782-5a04-9212-a8c4b93a1840.html

Advertisements

March 17, 2017 - Posted by | Uncategorized

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: