BWXT Canada and Westinghouse Sign MOU for AP1000® and AP300™ Projects
BWXT Canada and Westinghouse Electric Company have signed a memorandum of understanding (MOU) to support nuclear new-build projects in Canada and globally. Under the agreement, BWXT will potentially manufacture key components for AP1000® and AP300™ reactors, including steam generators, reactor vessels, pressure vessels and heat exchangers.
BWXT Canada, with over 60 years of expertise in nuclear power generation equipment, will provide Westinghouse and its customers with supply certainty for major components. The partnership aims to strengthen North America's nuclear manufacturing capabilities and support global clean energy projects while creating local jobs in Canada.
BWXT Canada e Westinghouse Electric Company hanno firmato un memorandum di intesa (MOU) per supportare i nuovi progetti nucleari in Canada e a livello globale. Ai sensi dell'accordo, BWXT potrebbe realizzare componenti chiave per i reattori AP1000® e AP300™, inclusi generatori di vapore, contenitori del reattore, recipienti a pressione e scambiatori di calore.
BWXT Canada, con oltre 60 anni di esperienza nel settore delle attrezzature per la generazione di energia nucleare, fornirà a Westinghouse e ai suoi clienti certezza di fornitura per componenti principali. La partnership mira a rafforzare le capacità manifatturiere nucleari del Nord America e supportare progetti energetici puliti a livello globale, creando posti di lavoro locali in Canada.
BWXT Canada y Westinghouse Electric Company han firmado un memorando de entendimiento (MOU) para apoyar proyectos nucleares de nueva construcción en Canadá y a nivel mundial. Según el acuerdo, BWXT fabricará potencialmente componentes clave para los reactores AP1000® y AP300™, incluidos generadores de vapor, vasos de reactor, recipientes a presión e intercambiadores de calor.
BWXT Canada, con más de 60 años de experiencia en equipos de generación de energía nuclear, proporcionará a Westinghouse y a sus clientes la certeza de suministro para componentes importantes. La asociación tiene como objetivo fortalecer las capacidades de fabricación nuclear de América del Norte y apoyar proyectos globales de energía limpia, al mismo tiempo que crea empleos locales en Canadá.
BWXT Canada와 Westinghouse Electric Company는 캐나다 및 전 세계의 원자력 신규 건설 프로젝트를 지원하기 위해 양해 각서(MOU)를 체결했습니다. 이 협정에 따라 BWXT는 AP1000® 및 AP300™ 원자로의 핵심 부품, 즉 증기 발생기, 원자로 용기, 압력 용기 및 열 교환기를 제조할 수 있습니다.
60년 이상의 원자력 발전 장비 전문성을 보유한 BWXT Canada는 Westinghouse 및 그 고객에게 주요 구성 요소에 대한 공급의 확실성을 제공할 것입니다. 이 파트너십은 북미의 원자력 제조 능력을 강화하고 글로벌 청정 에너지 프로젝트를 지원하며 캐나다에서 지역 일자리를 창출하는 것을 목표로 합니다.
BWXT Canada et Westinghouse Electric Company ont signé un protocole d'accord (MOU) pour soutenir les projets nucléaires de nouvelle construction au Canada et à l'échelle mondiale. Dans le cadre de cet accord, BWXT fabriquera potentiellement des composants clés pour les réacteurs AP1000® et AP300™, y compris des générateurs de vapeur, des cuves de réacteur, des récipients sous pression et des échangeurs de chaleur.
BWXT Canada, avec plus de 60 ans d'expertise dans l'équipement de production d'énergie nucléaire, fournira à Westinghouse et à ses clients une certitude d'approvisionnement pour les composants majeurs. Le partenariat vise à renforcer les capacités de fabrication nucléaire de l'Amérique du Nord et à soutenir des projets mondiaux d'énergie propre tout en créant des emplois locaux au Canada.
BWXT Canada und Westinghouse Electric Company haben ein Memorandum of Understanding (MOU) unterzeichnet, um die Entwicklung neuer Kernkraftprojekte in Kanada und weltweit zu unterstützen. Im Rahmen dieser Vereinbarung wird BWXT möglicherweise Schlüsselkomponenten für die AP1000® und AP300™ Reaktoren herstellen, einschließlich Dampferzeugern, Reaktordruckbehältern, Druckbehältern und Wärmetauschern.
BWXT Canada, das über mehr als 60 Jahre Erfahrung in der Herstellung von Ausrüstung für die Kernenergieerzeugung verfügt, wird Westinghouse und seinen Kunden eine zuverlässige Versorgung mit wichtigen Komponenten bieten. Die Partnerschaft zielt darauf ab, die nuklearen Fertigungskapazitäten Nordamerikas zu stärken und globale Projekte für saubere Energie zu unterstützen, während gleichzeitig lokale Arbeitsplätze in Kanada geschaffen werden.
- Strategic partnership expands BWXT's market reach in global nuclear projects
- Potential new revenue stream from manufacturing AP1000® and AP300™ components
- Leverages BWXT's existing manufacturing capabilities and expertise
- Creates new employment opportunities in Canadian manufacturing sector
- None.
Insights
The MOU between BWXT Canada and Westinghouse represents a significant strategic positioning in the growing nuclear energy sector. With a global push towards carbon-free energy solutions, this partnership strengthens BWXT's market position as a key supplier for next-generation nuclear projects. The company's 60-year expertise and established manufacturing capabilities provide a competitive advantage in securing future contracts for AP1000® and AP300™ components.
The agreement could significantly impact BWXT's revenue stream, particularly as North America and global markets accelerate nuclear power adoption. The potential manufacturing scope includes high-value components like steam generators, reactor vessels and heat exchangers, which could translate into substantial long-term contracts. This positions BWXT to capture a larger share of the nuclear supply chain market.
This partnership leverages BWXT's sophisticated manufacturing infrastructure and proven track record in nuclear component production. The company's status as North America's dominant player in nuclear power generation equipment manufacturing provides a strong foundation for executing complex AP1000 and AP300 projects. Their capability to produce critical components like pressure vessels and steam generators requires specialized expertise and facilities that few competitors possess.
The agreement's emphasis on local manufacturing will benefit from BWXT's established Canadian workforce and could lead to increased production capacity utilization. This could drive operational efficiencies and potentially improve profit margins through economies of scale as multiple nuclear projects materialize.
Agreement Expands Capability to Supply Carbon-Free Energy to the World
“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
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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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
Source: BWX Technologies, Inc.
FAQ
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