BWX Licenses mPower SMR Design to Applied Atomics for 3 Markets After Activist Push
Updated
Updated · Bloomberg · Jun 17
BWX Licenses mPower SMR Design to Applied Atomics for 3 Markets After Activist Push
3 articles · Updated · Bloomberg · Jun 17
Summary
Applied Atomics said Wednesday it secured exclusive commercial rights to BWX Technologies' mPower small modular reactor design for land-based projects in the US, Canada and other markets.
BWX will keep ownership of the pressurized-water SMR design and retain exclusive manufacturing rights for all components under the licensing agreement.
Ananym Capital Management had pushed BWX to commercialize the reactor design, helping drive a deal that opens a new path for deploying mPower beyond BWX's existing business.