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mPower Pullback Stalls Small Nuclear

mdsolar (1045926) writes | about 5 months ago

0

mdsolar (1045926) writes ""Nuclear technology supplier Babcock & Wilcox (B&W) has slashed funding for its Generation mPower program, an effort to develop a small modular reactor (SMR) for power generation and other applications. The pullback represents a major blow to the development of SMRs, which have been hailed as the next step forward for the nuclear power industry....

All told, B&W, the DOE, and partners have spent around $400 million on the mPower program. Another $600 million was needed just to get the technology ready for application to the Nuclear Regulatory Commission for licensing....

B&W plans to continue low-level R&D on the mPower technology with a view to commercial deployment in the mid-2020s, said CEO James Ferland. But without a major shift in the business environment and in investor perceptions of the risks and rewards associated with nuclear power, that seems fanciful.""

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