Building on the strengths of two industry leaders, Generation mPower LLC is a company formed between affiliates of The Babcock & Wilcox Company (B&W) and Bechtel Power Corporation (Bechtel).
B&W's expertise in nuclear engineering and manufacturing combined with B&W mPowerTM reactor technology and Bechtel's plant engineering, procurement and construction capability create a progressive energy solution to meet the need of today's changing power generation industry.
As a more practical clean energy option for power generation, the 180 megawatt B&W mPower small modular reactor development program has gained wide recognition for its substantial electric utility involvement, cost competitiveness and innovative design.
Within the shifting landscape of global energy markets, Generation mPower nuclear plants will deliver a solution designed for today's regulatory, policy and financial realities.
On April 15, 2013, B&W mPower and the U.S. Department of Energy (DOE) signed a Cooperative Agreement for funding made available through DOE’s Small Modular Reactor (SMR) Licensing Technical Support Program for the development and licensing of B&W’s mPower™ technology. The mPower program was selected as the sole winner of the first competitvely bid funding opportunity. The DOE has projected that approximately $150 million will be made available during the five-year period of the DOE award, although subject to incremental appropriations from Congress and B&W mPower’s compliance with the terms of the Cooperative Agreement, the Cooperative Agreement allows for the potential of $226 million or more in federal funding. B&W mPower intends to use any additional funding made available on a cost-shared basis for licensing and engineering activities that qualify under this award.
The signing of the Cooperative Agreement formalizes B&W’s cost-share agreement with DOE, following the selection of the mPower America team – comprised of B&W, the Tennessee Valley Authority (TVA) and Generation mPower – as the winner of DOE’s competitively bid funding opportunity, in support of commercial demonstration of the B&W mPower SMR.
For more information, visit: www.generationmpower.com.