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Mirion Technologies Awarded Contracts for TerraPower Natrium® Reactor Demonstration Project

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Mirion Technologies (NYSE: MIR) has secured contracts to provide critical systems for TerraPower's Natrium Reactor Demonstration Project in Wyoming, the first commercial advanced nuclear power plant in the U.S. The project, a public-private partnership between TerraPower and the U.S. Department of Energy, will implement Natrium technology combining a sodium-cooled fast reactor with molten salt energy storage.

Mirion will deliver two key systems:

  • Radiation Monitoring System (RMS) featuring area, effluent, and process radiation monitors for continuous plant safety monitoring
  • Nuclear Instrumentation System (XIS) for detecting reactor power levels

The contracts position Mirion to support innovative nuclear technologies, including small and advanced modular reactors, contributing to meeting modern energy demands with safe, sustainable nuclear power.

Mirion Technologies (NYSE: MIR) ha ottenuto contratti per fornire sistemi critici per il Progetto di Dimostrazione del Reattore Natrium di TerraPower in Wyoming, il primo impianto nucleare avanzato commerciale negli Stati Uniti. Il progetto, una partnership pubblico-privata tra TerraPower e il Dipartimento dell'Energia degli Stati Uniti, implementerà la tecnologia Natrium che combina un reattore veloce raffreddato a sodio con un sistema di stoccaggio di energia a sale fuso.

Mirion fornirà due sistemi chiave:

  • Un Sistema di Monitoraggio della Radiazione (RMS) con monitor di radiazione per aree, effluenti e processi per un monitoraggio continuo della sicurezza dell'impianto
  • Un Sistema di Strumentazione Nucleare (XIS) per rilevare i livelli di potenza del reattore

I contratti pongono Mirion in una posizione strategica per supportare tecnologie nucleari innovative, inclusi reattori modulari piccoli e avanzati, contribuendo a soddisfare le moderne esigenze energetiche con un'energia nucleare sicura e sostenibile.

Mirion Technologies (NYSE: MIR) ha asegurado contratos para proporcionar sistemas críticos para el Proyecto de Demostración del Reactor Natrium de TerraPower en Wyoming, la primera planta de energía nuclear avanzada comercial en los Estados Unidos. El proyecto, una asociación público-privada entre TerraPower y el Departamento de Energía de EE. UU., implementará la tecnología Natrium que combina un reactor rápido refrigerado por sodio con almacenamiento de energía en sal fundida.

Mirion entregará dos sistemas clave:

  • Sistema de Monitoreo de Radiación (RMS) que incluye monitores de radiación para áreas, efluentes y procesos para un monitoreo continuo de la seguridad de la planta
  • Sistema de Instrumentación Nuclear (XIS) para detectar niveles de potencia del reactor

Los contratos posicionan a Mirion para apoyar tecnologías nucleares innovadoras, incluidos reactores modulares pequeños y avanzados, contribuyendo a satisfacer las demandas energéticas modernas con energía nuclear segura y sostenible.

미리온 테크놀로지스 (NYSE: MIR)는 미국에서 첫 상업용 고급 원자력 발전소인 테라파워의 나트륨 원자로 시범 프로젝트를 위한 핵심 시스템을 제공하는 계약을 체결했습니다. 이 프로젝트는 테라파워와 미국 에너지부 간의 공공-민간 파트너십으로, 나트륨 기술을 구현하여 나트륨 냉각 고속 원자로와 용융 소금 에너지 저장을 결합합니다.

미리온은 두 가지 핵심 시스템을 제공합니다:

  • 지속적인 발전소 안전 모니터링을 위한 지역, 배출 및 공정 방사선 모니터를 포함한 방사선 모니터링 시스템 (RMS)
  • 원자로 전력 수준을 감지하기 위한 원자력 계측 시스템 (XIS)

이 계약은 미리온이 소형 및 고급 모듈형 원자로를 포함한 혁신적인 원자력 기술을 지원할 수 있도록 하여, 안전하고 지속 가능한 원자력으로 현대 에너지 수요를 충족하는 데 기여합니다.

Mirion Technologies (NYSE: MIR) a obtenu des contrats pour fournir des systèmes critiques pour le projet de démonstration du réacteur Natrium de TerraPower dans le Wyoming, la première centrale nucléaire avancée commerciale aux États-Unis. Le projet, un partenariat public-privé entre TerraPower et le département américain de l'énergie, mettra en œuvre la technologie Natrium qui combine un réacteur rapide refroidi au sodium avec un stockage d'énergie par sel fondu.

Mirion fournira deux systèmes clés :

  • Système de surveillance de la radiation (RMS) comprenant des moniteurs de radiation pour les zones, les effluents et les processus pour une surveillance continue de la sécurité de l'installation
  • Système d'instrumentation nucléaire (XIS) pour détecter les niveaux de puissance du réacteur

Les contrats positionnent Mirion pour soutenir des technologies nucléaires innovantes, y compris des réacteurs modulaires petits et avancés, contribuant à répondre aux demandes énergétiques modernes avec une énergie nucléaire sûre et durable.

Mirion Technologies (NYSE: MIR) hat Verträge zur Bereitstellung kritischer Systeme für das Natrium-Reaktor-Demonstrationsprojekt von TerraPower in Wyoming gesichert, das erste kommerzielle fortschrittliche Kernkraftwerk in den USA. Das Projekt, eine öffentlich-private Partnerschaft zwischen TerraPower und dem US-Energieministerium, wird die Natrium-Technologie implementieren, die einen natriumgekühlten schnellen Reaktor mit der Speicherung von Energie in geschmolzenem Salz kombiniert.

Mirion wird zwei Schlüssel Systeme liefern:

  • Ein Strahlenschutzüberwachungssystem (RMS) mit Strahlungsmonitoren für Bereiche, Abwässer und Prozesse zur kontinuierlichen Sicherheitsüberwachung des Kraftwerks
  • Ein nukleares Instrumentierungssystem (XIS) zur Erkennung der Reaktorleistung

Die Verträge positionieren Mirion, um innovative Kerntechnologien zu unterstützen, einschließlich kleiner und fortschrittlicher modularer Reaktoren, und tragen dazu bei, den modernen Energiebedarf mit sicherer, nachhaltiger Kernenergie zu decken.

Positive
  • Secured contracts for two key systems in the first U.S. commercial advanced nuclear power plant
  • Strategic positioning in innovative nuclear technologies market
  • Partnership with major industry players (TerraPower and DOE)
Negative
  • None.

Insights

This contract award positions Mirion at the forefront of the advanced nuclear reactor movement. The TerraPower Natrium project represents one of the most significant developments in next-generation nuclear technology in the United States, combining innovative sodium-cooled fast reactor design with molten salt energy storage capabilities.

Securing both the Radiation Monitoring System (RMS) and Nuclear Instrumentation System (XIS) contracts places Mirion in a mission-critical role for this groundbreaking facility. These aren't peripheral systems – they form the core safety and operational infrastructure of any nuclear facility. The RMS provides continuous radiation monitoring throughout the plant, while the XIS delivers essential neutron flux measurement that enables precise reactor control.

What's particularly notable is that Mirion has demonstrated capability to adapt their monitoring technologies to sodium-cooled fast reactor requirements, which differ substantially from traditional light-water reactors. This public-private partnership between TerraPower and the DOE brings significant visibility and establishes Mirion as a trusted supplier for advanced reactor designs.

As the nuclear industry explores smaller, more flexible designs to meet modern energy demands, Mirion's selection for this pioneering project suggests they've successfully positioned their technology portfolio to address the unique requirements of these next-generation systems.

While the announcement lacks financial specifics, these contracts represent strategically significant business development for Mirion Technologies. The company has secured a foothold in what could become a substantial market segment as advanced nuclear designs move from concept to commercial reality.

The TerraPower Natrium project carries particular prestige as the first commercial advanced nuclear power plant in the U.S., developed through a public-private partnership with substantial Department of Energy backing. Nuclear instrumentation and radiation monitoring systems typically command premium pricing due to their safety-critical nature and specialized technology requirements.

For Mirion, a $3.5 billion market cap company, these contracts showcase their ability to expand beyond conventional nuclear applications. Radiation monitoring systems and nuclear instrumentation represent high-margin, long-lifecycle products with potential for ongoing service revenue streams throughout the plant's operational life.

Investors should note that while the immediate financial impact may be , the strategic positioning value is substantial. These contracts establish credibility in the emerging advanced reactor sector, potentially creating competitive advantage as similar projects develop globally. The advanced nuclear market presents significant growth potential if regulatory and development pathways continue to advance, offering Mirion expanded addressable market beyond traditional nuclear power customers.

Mirion selected to supply Radiation Monitoring System (RMS) and Nuclear Instrumentation System (XIS) for advanced nuclear reactor project.

ATLANTA--(BUSINESS WIRE)-- Mirion (NYSE: MIR), a global leader in radiation safety, science, and medicine, has been selected to supply the Radiation Monitoring System (RMS) and Nuclear Instrumentation System (XIS) to support the Natrium Reactor Demonstration Project in Wyoming. This project marks the first commercial advanced nuclear power plant in the U.S. and is a public-private partnership between TerraPower, a leading nuclear innovation company, and the U.S. Department of Energy (DOE). The goal is to deploy the Natrium technology, which combines a sodium-cooled fast reactor with a molten salt energy storage system.

The contracts recently awarded by TerraPower are for two key systems. Mirion RMS solutions – comprised of area, effluent, and process radiation monitors – will continuously monitor plant radiation levels, enhancing safety and supporting operational efficiency. Through the XIS contract, Mirion will deliver critical instrumentation for detecting reactor power levels, supporting the plant’s advanced capabilities.

These contracts will allow Mirion the continued opportunity to deliver on its commitment to support innovative nuclear technologies, such as small and advanced modular reactors, and meet modern energy demands with safe, sustainable nuclear power.

“Our team is honored to be a part of the exciting and essential project in Wyoming,” said Mirion CEO Thomas Logan. “TerraPower’s Natrium project represents significant potential for faster, lower-cost paths to addressing increasing energy demands, and Mirion solutions will play a crucial role in ensuring the safety and operational efficiency of this pioneering work.”

“We look forward to collaborating with TerraPower, the DOE, and all groups involved to ensure success in Wyoming and beyond,” added Logan.

About Mirion

Mirion (NYSE: MIR) is a global leader in radiation safety, science and medicine, empowering innovations that deliver vital protection while harnessing the transformative potential of ionizing radiation across a diversity of end markets. Focused on nuclear and safety, the Mirion Technologies group is committed to powering advancements in nuclear energy through proven radiation safety technologies and expertise. Dedicated to driving better patient outcomes, the Mirion Medical group is focused on improving quality in cancer care through its broad range of solutions that enhance the delivery and ensure safety across the medical landscape. Headquartered in Atlanta (GA – USA), Mirion employs approximately 2,800 people and operates in 12 countries. Learn more at https://www.mirion.com/.

For investor inquiries:

Eric Linn

ir@mirion.com

For media inquiries:

Erin Schesny

media@mirion.com

Source: Mirion

FAQ

What systems will Mirion (MIR) provide for the TerraPower Natrium project?

Mirion will supply the Radiation Monitoring System (RMS) and Nuclear Instrumentation System (XIS) for radiation monitoring and reactor power level detection.

Where is the TerraPower Natrium Reactor project that Mirion (MIR) is supporting located?

The project is located in Wyoming and will be the first commercial advanced nuclear power plant in the United States.

What is the significance of Mirion's (MIR) contract with TerraPower?

The contract enables Mirion to support innovative nuclear technologies and contribute to the first U.S. commercial advanced nuclear power plant, demonstrating Natrium technology.

How does the TerraPower Natrium technology that Mirion (MIR) will support work?

The Natrium technology combines a sodium-cooled fast reactor with a molten salt energy storage system to provide sustainable nuclear power.
Mirion Technologies Inc

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