Babcock and Wilcox slashing funding for small modular reactors, citing lack of customers, investors

World Nuclear News reported today:

Babcock & Wilcox (B&W) will slash its spending on the mPower small modular reactor (SMR) project, having failed to find customers or investors.

B&W’s mPower design was prioritised for deployment under a five-year cost-matching agreement with the US Department of Energy (DoE), and with the Tennessee Valley Authority named as the lead customer. The three of them supplied a budget of $150 million per year to develop mPower, hoping to build the first unit by 2022.

Westinghouse made a similar decision earlier this year:

In February this year Westinghouse announced it would scale back its development of its 225 MWe small modular reactor design, having lost out in the DoE competition.

The cutbacks by Babcock & Wilcox and Westinghouse leave the NuScale small modular reactor as the only design being pursued in the United States. Argentina, China and Russia are still exploring SMR development.

Here’s a link to the WNN article:


About Robert Singleton

By day, I work for a call center. In my spare time, I try to save my hometown (and planet) from a nearly constant onslaught of greedheads, lunatics and land developers. I live in a fictional town called Austin, Texas, where I go to way too many meetings.
This entry was posted in Babcock & Wilcox, Small modular reactors and tagged , , , . Bookmark the permalink.

Leave a Reply

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

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

Google photo

You are commenting using your Google 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 )

Connecting to %s