News Releases

The Babcock & Wilcox Company (B&W) (NYSE:BWC) is announcing plans to restructure its mPower Small Modular Reactor program to focus on technology development.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) has announced a restructuring of its government operations. Effective immediately, the Babcock & Wilcox Nuclear Operations Group, Inc. (NOG), its subsidiary operations at Nuclear Fuel Services, and the Babcock & Wilcox Technical Services Group, Inc. (TSG) will operate under a single leader, naming Peyton S. (Sandy) Baker as President and Chief Operating Officer (COO).

The Babcock & Wilcox Company (B&W) (NYSE:BWC) and TerraPower® have signed a Memorandum of Understanding (MOU) to support the development of TerraPower’s Generation IV traveling wave reactor (TWR), a safe, economic and sustainable nuclear energy system that utilizes advanced materials for more durable metallic fuels and supercomputing for advanced comprehensive modeling.

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that it is accelerating the ongoing search for additional equity partners for its mPower™ small modular reactor (SMR) program. The expanded process is being launched now to seek additional partners who are ready to fully participate in the mPower™ SMR licensing and other pre-construction activities needed to deploy the lead mPower Plant by 2022, consistent with the schedule for the mPower America Project with the U.S. Department of Energy (DOE).

Babcock & Wilcox Nuclear Energy, Inc. (B&W NE), a subsidiary of The Babcock & Wilcox Company (NYSE:BWC), and Lightbridge Corporation (NASDAQ: LTBR) have signed a memorandum of understanding (MOU) to explore joint development of a pilot-scale facility to demonstrate fabrication of Lightbridge’s innovative metallic nuclear fuel.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that William A. (Bill) Fox III has been appointed Senior Vice President and Chief Operating Officer of its majority-owned subsidiary, Generation mPower LLC (GmP). Mr. Fox will report directly to Christofer Mowry, President and Chief Executive Officer of GmP.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that the U.S. Department of Energy (DOE) has allocated an additional $20.5 million in funding to its Cooperative Agreement with Babcock & Wilcox mPower, Inc. (B&W mPower) under the Small Modular Reactor Licensing Technical Support Program.

The Babcock & Wilcox Company's (B&W) (NYSE: BWC) President and Chief Executive Officer, E. James Ferland, discussed B&W's energy innovation and international growth objectives in an address today to embassy representatives from approximately a dozen nations, as well as representatives from the U.S. Departments of Energy and Commerce and the National Security Council, at the U.S. Nuclear Infrastructure Council's (NIC) Diplomatic Series on Nuclear Energy.

The Babcock & Wilcox Company (B&W) (NYSE: BWC) announced today that its subsidiary, Babcock & Wilcox mPower, Inc. (B&W mPower), and the U.S. Department of Energy (DOE) have 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 Babcock & Wilcox Company (B&W) (NYSE: BWC) today announced its enthusiastic support for the Commonwealth of Virginia's creation of the Virginia Nuclear Energy Consortium Authority and its stated mission of making the Commonwealth a national and global leader in nuclear energy.