BWXT Canada and Westinghouse Sign MOU for AP1000® and AP300™ Projects
12 Dicembre 2024 - 2:05PM
Business Wire
Agreement Expands Capability to Supply
Carbon-Free Energy to the World
BWXT Canada, Ltd. (“BWXT”), a subsidiary of BWX Technologies,
Inc., and Westinghouse Electric Company announced today that they
have signed a memorandum of understanding (MOU) to support nuclear
new-build projects in Canada and globally. Under the agreement,
BWXT has the potential to manufacture key AP1000® and AP300™
reactor components, including steam generators, reactor vessels,
pressure vessels and heat exchangers.
“This partnership will expand the power of clean energy around
the globe,” said John MacQuarrie, president of BWXT Commercial
Operations. “In addition to our highly-skilled Canadian workforce
and decades of experience, we have unmatched manufacturing
capabilities that will help bring Westinghouse’s designs to life,
supplying the world with the carbon-free energy it needs for
decades to come.”
BWXT Canada has more than 60 years of expertise and experience
in the designing, manufacturing, commissioning and servicing of
nuclear power generation equipment including pressurized water
reactor steam generators, nuclear fuel and fuel components,
critical plant components, parts and related plant services. As
North America’s dominant player in nuclear power generation
equipment, BWXT will provide Westinghouse and its customers with
certainty around the supply of major components for AP1000 and
AP300 new build projects.
“BWXT Canada is a leading supply chain partner that will help us
deliver North America’s next AP1000 project on time and on budget,”
said Dan Lipman, president of Westinghouse Energy Systems. “In
addition, we see them as a key player supporting global AP1000 and
AP300 projects, which will benefit the Canadian economy by
employing local trades and creating jobs in Canada.”
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the potential
manufacturing of key AP1000 and AP300 reactor components by BWXT in
the future. These forward-looking statements involve a number of
risks and uncertainties, including, among other things, execution
of definitive agreements for the manufacture of such components,
the timing of technology development and competition in an
environment of rapid technological change. If one or more of these
or other risks materialize, actual results may vary materially from
those expressed. For a more complete discussion of these and other
risk factors, please see BWXT’s annual report on Form 10-K for the
year ended December 31, 2023 and subsequent quarterly reports on
Form 10-Q filed with the Securities and Exchange Commission. BWXT
cautions not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release, and
undertakes no obligation to update or revise any forward-looking
statement, except to the extent required by applicable law.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and
Defense News Top 100 manufacturing and engineering innovator that
provides safe and effective nuclear solutions for global security,
clean energy, environmental restoration, nuclear medicine and space
exploration. With approximately 8,000 employees, BWXT has 14 major
operating sites in the U.S., Canada and the U.K. In addition, BWXT
joint ventures provide management and operations at a dozen U.S.
Department of Energy and NASA facilities. For more information,
visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and
Instagram.
About Westinghouse
Westinghouse Electric Company is shaping the future of
carbon-free energy by providing safe, innovative nuclear and other
clean power technologies and services globally. Westinghouse
supplied the world’s first commercial pressurized water reactor in
1957 and the company’s technology is the basis for nearly one-half
of the world's operating nuclear plants. Over 135 years of
innovation makes Westinghouse the preferred partner for advanced
technologies covering the complete nuclear energy life cycle. For
more information, visit www.westinghousenuclear.com and follow us
on Facebook, LinkedIn and X.
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version on businesswire.com: https://www.businesswire.com/news/home/20241212572537/en/
Media Relations Monifa Miller Senior Director, Corporate
Affairs & Enterprise Initiatives 519.242.8071
mamiller@bwxt.com
Investor Relations Chase Jacobson Vice President,
Investor Relations 980.365.4300 investors@bwxt.com
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