BWXT Awarded Historic Manufacturing Contracts to Support Pickering Life Extension and Darlington New Build Projects
BWX Technologies (NYSE: BWXT) has secured contracts worth over C$1 billion for two major nuclear energy projects. The first contract involves manufacturing 48 steam generators at its Cambridge facility for Ontario Power Generation's Pickering Nuclear Generating Station life extension program. This project will create over 250 skilled positions and span more than seven years.
The second contract involves manufacturing the reactor pressure vessel for GE Hitachi Nuclear Energy's BWRX-300 SMR, making BWXT the first North American manufacturer to begin such work for SMR technology. The Pickering Life Extension Program will enable the 'B' fleet reactors to operate for an additional 30 years, with completion expected in the mid-2030s.
BWXT's Cambridge facility, already one of North America's largest commercial nuclear equipment manufacturing facilities, is undergoing a C$80 million expansion to support growing nuclear project demands.
BWX Technologies (NYSE: BWXT) ha ottenuto contratti del valore di oltre 1 miliardo di dollari canadesi per due importanti progetti di energia nucleare. Il primo contratto prevede la produzione di 48 generatori di vapore presso il suo stabilimento di Cambridge per il programma di estensione della vita della centrale nucleare di Pickering, della Ontario Power Generation. Questo progetto creerà oltre 250 posti di lavoro qualificati e si estenderà per più di sette anni.
Il secondo contratto prevede la produzione del recipiente di pressione del reattore per il BWRX-300 SMR di GE Hitachi Nuclear Energy, rendendo BWXT il primo produttore nordamericano a iniziare tale lavoro per la tecnologia SMR. Il Programma di Estensione della Vita di Pickering permetterà ai reattori della flotta 'B' di operare per ulteriori 30 anni, con completamento previsto per la metà degli anni 2030.
Lo stabilimento di Cambridge di BWXT, già uno dei più grandi impianti di produzione di attrezzature nucleari commerciali in Nord America, sta subendo un'espansione di 80 milioni di dollari canadesi per supportare la crescente domanda di progetti nucleari.
BWX Technologies (NYSE: BWXT) ha conseguido contratos por un valor superior a 1 mil millones de dólares canadienses para dos importantes proyectos de energía nuclear. El primer contrato implica la fabricación de 48 generadores de vapor en su planta de Cambridge para el programa de extensión de vida de la estación generadora nuclear Pickering de Ontario Power Generation. Este proyecto creará más de 250 puestos de trabajo cualificados y se extenderá por más de siete años.
El segundo contrato implica la fabricación del recipiente de presión del reactor para el BWRX-300 SMR de GE Hitachi Nuclear Energy, convirtiendo a BWXT en el primer fabricante norteamericano en comenzar este trabajo para tecnología SMR. El Programa de Extensión de Vida de Pickering permitirá que los reactores de la flota 'B' operen durante 30 años adicionales, con finalización prevista a mediados de la década de 2030.
La planta de Cambridge de BWXT, ya una de las más grandes instalaciones de fabricación de equipos nucleares comerciales en América del Norte, está siendo ampliada con una inversión de 80 millones de dólares canadienses para apoyar la creciente demanda de proyectos nucleares.
BWX Technologies (NYSE: BWXT)는 두 개의 주요 원자력 에너지 프로젝트를 위해 10억 캐나다 달러 이상의 가치를 지닌 계약을 체결했습니다. 첫 번째 계약은 온타리오 전력의 피커링 원자력 발전소의 수명 연장 프로그램을 위한 48개의 증기 발생기를 케임브리지 시설에서 제조하는 것입니다. 이 프로젝트는 250개 이상의 숙련된 일자리를 창출하고 7년 이상 진행될 예정입니다.
두 번째 계약은 GE 히타치 원자력 에너지의 BWRX-300 SMR을 위한 원자로 압력 용기를 제조하는 것이며, BWXT는 SMR 기술을 위한 작업을 시작하는 첫 번째 북미 제조업체입니다. 피커링 수명 연장 프로그램은 'B' 함대의 원자로가 추가로 30년 동안 운영될 수 있도록 하며, 완료는 2030년대 중반으로 예상됩니다.
BWXT의 케임브리지 시설은 이미 북미에서 가장 큰 상업 원자력 장비 제조 시설 중 하나로, 증가하는 원자력 프로젝트 수요를 지원하기 위해 8천만 캐나다 달러 규모의 확장을 진행하고 있습니다.
BWX Technologies (NYSE: BWXT) a obtenu des contrats d'une valeur de plus d'un milliard de dollars canadiens pour deux grands projets d'énergie nucléaire. Le premier contrat concerne la fabrication de 48 générateurs de vapeur dans son usine de Cambridge pour le programme d'extension de vie de la centrale nucléaire de Pickering de l'Ontario Power Generation. Ce projet va créer plus de 250 postes qualifiés et s'étendra sur plus de sept ans.
Le deuxième contrat concerne la fabrication du récipient de pression du réacteur pour le BWRX-300 SMR de GE Hitachi Nuclear Energy, faisant de BWXT le premier fabricant nord-américain à commencer ce travail pour la technologie SMR. Le programme d'extension de vie de Pickering permettra aux réacteurs de la flotte 'B' de fonctionner pendant 30 années supplémentaires, avec une finition prévue pour le milieu des années 2030.
L'usine de Cambridge de BWXT, déjà l'une des plus grandes installations de fabrication d'équipements nucléaires commerciaux en Amérique du Nord, est en cours d'expansion pour un montant de 80 millions de dollars canadiens afin de répondre à la demande croissante de projets nucléaires.
BWX Technologies (NYSE: BWXT) hat Verträge im Wert von über 1 Milliarde kanadischen Dollar für zwei wichtige Projekte im Bereich der Kernenergie gesichert. Der erste Vertrag umfasst die Herstellung von 48 Dampferzeugern in seiner Anlage in Cambridge für das Lebensverlängerungsprogramm des Pickering Nuklearkraftwerks der Ontario Power Generation. Dieses Projekt wird über 250 qualifizierte Arbeitsplätze schaffen und mehr als sieben Jahre dauern.
Der zweite Vertrag betrifft die Herstellung des Reaktor-Druckbehälters für das BWRX-300 SMR von GE Hitachi Nuclear Energy, sodass BWXT der erste nordamerikanische Hersteller ist, der mit dieser Arbeit für SMR-Technologie beginnt. Das Lebensverlängerungsprogramm von Pickering wird es den 'B'-Flottenreaktoren ermöglichen, weitere 30 Jahre zu betrieben werden, wobei die Fertigstellung für die Mitte der 2030er Jahre erwartet wird.
Die Cambridge-Anlage von BWXT, die bereits eine der größten kommerziellen Anlagen zur Herstellung nuklearer Ausrüstungen in Nordamerika ist, wird um 80 Millionen kanadische Dollar erweitert, um der gestiegenen Nachfrage nach nuklearen Projekten gerecht zu werden.
- Secured contracts worth over C$1 billion for nuclear energy projects
- Creation of 250+ highly skilled jobs
- Seven-year project duration providing long-term revenue visibility
- First North American manufacturer for SMR technology components
- C$80 million facility expansion to meet growing demand
- Significant capital expenditure required for facility expansion
- Long project timeline increases execution risks
Insights
The announced contracts totaling over
The strategic value extends beyond the immediate revenue impact. By securing the first North American SMR component manufacturing contract, BWXT gains a important first-mover advantage in a market projected to reach
The company's ability to simultaneously handle large-scale CANDU reactor components and innovative SMR technology showcases its manufacturing versatility and technical expertise. This dual capability creates a compelling competitive moat, particularly as nuclear energy gains prominence in clean energy transitions globally.
The creation of 250+ skilled positions adds operational leverage while building valuable institutional knowledge, especially in SMR manufacturing. This expertise will likely translate into additional contract wins as other utilities pursue similar nuclear projects, creating a potential multiplier effect on future revenue streams.
These contracts mark a pivotal shift in North American nuclear infrastructure development, combining life extension of existing assets with next-generation SMR technology. The Pickering life extension, maintaining
The technical significance of simultaneously pursuing both projects cannot be overstated. The steam generator replacement program at Pickering demonstrates the viability of extending CANDU reactor lifespans, while the BWRX-300 deployment validates the commercial feasibility of SMR technology. This dual approach creates a blueprint for other jurisdictions facing similar energy transition challenges.
The strategic timing aligns perfectly with growing electricity demand and decarbonization goals. The 30-year life extension at Pickering provides important baseload stability during the broader energy transition, while the SMR deployment establishes a scalable model for future nuclear capacity additions. This balanced approach to infrastructure modernization significantly de-risks Ontario's long-term energy security strategy.
Under the first contract, BWXT will manufacture 48 steam generators at its
BWXT also announced a contract to manufacture the reactor pressure vessel (RPV) for customer GE Hitachi Nuclear Energy’s BWRX-300 SMR. The largest component within the technology, the RPV contains the reactor core, coolant and support structures. BWXT is the first manufacturer in
The Province’s Minister of Energy and Electrification Stephen Lecce joined BWXT at its
“Ontario needs more nuclear energy to meet growing electricity demand, and it’s our province’s highly skilled workers that will make it all possible,” said Stephen Lecce, Minister of Energy and Electrification. “I am so pleased to work with companies like BWXT that are investing in
“The BWXT team stands ready to help our customers and
“The contract to fabricate the reactor pressure vessel for the first BWRX-300 is another key milestone in the deployment of this technology,” said Lisa
The Pickering Life Extension Program is in its initial phases and will enable the Pickering “B” fleet of reactors to operate for an additional 30 years. The work is anticipated to be completed in the mid-2030s. Pickering features four operating CANDU® reactors and accounts for approximately
“By refurbishing existing assets at Pickering Nuclear, and building SMRs at the Darlington New Nuclear Project, OPG is helping
“CANDU technology, as Canada’s only domestically developed, large scale nuclear technology, is a source of national pride,” said Joe St. Julian, President, Nuclear, AtkinsRéalis. “We are pleased to continue working with BWXT as a major player in the CANDU supply chain and a proud Canadians for CANDU supporter. The CANDU reactors at OPG are indispensable to providing
“The Pickering Refurbishment Project will help ensure the supply of clean, safe, reliable, and affordable electricity for future generations while stimulating the economy and further expanding Ontario’s strong nuclear supply chain. We look forward to safely delivering this critical project and advancing our work with BWXT alongside our client OPG and partner AtkinsRéalis,” said Aaron Johnson, Senior Vice President, Nuclear, Aecon Group Inc.
The BWRX-300 scheduled for the OPG Darlington New Nuclear Project is on track to be the first on-grid SMR among G7 nations. The design is a 300-MWe water-cooled, natural circulation SMR with passive safety systems that leverages the design and licensing basis of GEH’s
Already one of the largest commercial nuclear equipment manufacturing facilities in
Forward-Looking Statements
BWXT cautions that this release contains forward-looking statements, including statements relating to the performance, timing, impact and value, to the extent contract value can be viewed as an indicator of future revenues, of the manufacturing contract for the Pickering life extension project and the reactor pressure vessel manufacturing contract. These forward-looking statements involve a number of risks and uncertainties, including, among other things, modification or termination of the contracts and delays. 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
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Media Contact
John Dobken
Senior Manager, Media & Public Relations
202.428.6913 jcdobken@bwxt.com
Investor Contact
Chase Jacobson
Vice President, Investor Relations
980.365.4300 investors@bwxt.com
Source: BWX Technologies, Inc.
FAQ
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