|McDermott Subsidiary Introduces Scalable, Practical Nuclear Energy|
The B&W mPower reactor design is a passively safe Advanced Light Water Reactor (“ALWR”) with a below-ground containment structure. This optimized ALWR will represent Generation III++ nuclear technology that B&W believes can be certified, manufactured and operated within today’s existing U.S. regulatory, industrial supply chain and utility operational infrastructure.
This new reactor will incorporate important design and operational attributes that should make it attractive for both existing nuclear operating utilities as well as other customers seeking to diversify their power generation portfolio. The scalable nature of nuclear plants built around the B&W mPower reactor would provide customers with power increments of 125 MWe to meet local energy needs within power grid and plant site constraints. B&W expects the use of proven ALWR design features, together with a passive safety philosophy, to minimize plant licensing challenges, enhance safety performance and contribute to reliable plant operation.
The Nuclear Steam Supply System is expected to be manufactured in
existing B&W facilities in
“As we reviewed the best way to align B&W’s nuclear manufacturing,
engineering and licensing expertise with the emerging needs of the
commercial nuclear renaissance, it was clear that we could lead the
scalable, modular reactor field,” said
B&W has notified the NRC of its intent to submit an application for
design certification of the reactor in 2011. A global team of potential
customers has been assembled to support the development of the reactor
to ensure it meets customer and regulatory requirements in
B&W has formed a new business unit,
McDermott is an engineering and construction company, with specialty
manufacturing and service capabilities, focused on energy
infrastructure. McDermott’s customers are predominantly utilities and
other power generators, major and national oil companies, and the
This press release contains forward-looking statements, including statements relating to our plans (and timing involved with those plans) to develop a scalable nuclear reactor and the anticipated design, capabilities and benefits of that reactor. These statements are subject to numerous risks and uncertainties that could cause actual outcomes and results to be materially different from those projected or anticipated, including the risk that the development or licensing of the mPower reactor may be adversely affected or delayed through the regulatory compliance process or by changes in the global economy or in the energy industry which may adversely affect the demand for such a reactor. The forward-looking statements contained in this press release speak only as of the date of this release and, except as required by law, McDermott expressly disclaims any obligation to update those statements.
McDermott International, Inc.