Mirion Technologies Awarded Strategic Contracts for Sizewell C New Nuclear Power Station Project in the UK
Mirion Technologies (NYSE: MIR) has secured two major contracts for the Sizewell C nuclear power station project in the UK. The first contract, awarded in October 2024, covers Electrical Penetration Systems (EPS) for secure cable passage through reactor containment walls. The second contract, from May 2024, is for Boron Meter Systems to measure boron concentration in water. The 3.2-gigawatt Sizewell C facility will mirror Hinkley Point C's design and generate low-carbon electricity for approximately 6 million homes.
Mirion Technologies (NYSE: MIR) ha ottenuto due contratti importanti per il progetto della centrale nucleare Sizewell C nel Regno Unito. Il primo contratto, assegnato nell'ottobre 2024, riguarda i Sistemi di Penetrazione Elettrica (EPS) per il passaggio sicuro dei cavi attraverso le pareti di contenimento del reattore. Il secondo contratto, di maggio 2024, è per i Sistemi di Misura del Boro per misurare la concentrazione di boro nell'acqua. La centrale Sizewell C, con una capacità di 3,2 gigawatt, riprodurrà il design della Hinkley Point C e genererà elettricità a basse emissioni di carbonio per circa 6 milioni di abitazioni.
Mirion Technologies (NYSE: MIR) ha asegurado dos contratos importantes para el proyecto de la central nuclear Sizewell C en el Reino Unido. El primer contrato, adjudicado en octubre de 2024, cubre los Sistemas de Penetración Eléctrica (EPS) para el paso seguro de cables a través de las paredes de contención del reactor. El segundo contrato, de mayo de 2024, es para los Sistemas de Medición de Boro para medir la concentración de boro en el agua. La instalación Sizewell C, de 3.2 gigavatios, replicará el diseño de Hinkley Point C y generará electricidad de bajo carbono para aproximadamente 6 millones de hogares.
미리온 테크놀로지스 (NYSE: MIR)는 영국의 사이즈웰 C 원자력 발전소 프로젝트를 위한 두 개의 주요 계약을 확보했습니다. 첫 번째 계약은 2024년 10월에 체결된 것으로, 원자로 격벽을 통해 케이블을 안전하게 통과시키기 위한 전기 침투 시스템(EPS)을 포함합니다. 두 번째 계약은 2024년 5월로, 물속의 붕소 농도를 측정하기 위한 붕소계 시스템을 위한 것입니다. 3.2기가와트 규모의 사이즈웰 C 시설은 힝클리 포인트 C의 설계를 그대로 모방하며, 약 600만 가구에 저탄소 전기를 공급할 것입니다.
Mirion Technologies (NYSE: MIR) a obtenu deux contrats majeurs pour le projet de centrale nucléaire Sizewell C au Royaume-Uni. Le premier contrat, attribué en octobre 2024, concerne les Systèmes de Pénétration Électrique (EPS) pour le passage sécurisé des câbles à travers les murs de confinement du réacteur. Le deuxième contrat, de mai 2024, est destiné à des Systèmes de Mesure du Bore pour mesurer la concentration de bore dans l'eau. L'installation Sizewell C, d'une capacité de 3,2 gigawatts, reproduira le design de Hinkley Point C et produira de l'électricité à faibles émissions de carbone pour environ 6 millions de foyers.
Mirion Technologies (NYSE: MIR) hat zwei wichtige Verträge für das Sizewell C Kernkraftwerksprojekt im Vereinigten Königreich gesichert. Der erste Vertrag, der im Oktober 2024 vergeben wurde, betrifft die Elektrischen Durchdringungssysteme (EPS) für den sicheren Kabeldurchgang durch die Reaktorgehäusewände. Der zweite Vertrag, vom Mai 2024, betrifft die Bor-Messsysteme zur Messung der Bor-Konzentration im Wasser. Die 3,2-Gigawatt-Anlage Sizewell C wird das Design von Hinkley Point C widerspiegeln und niedrigkohlenstoffhaltigen Strom für etwa 6 Millionen Haushalte erzeugen.
- Secured two strategic contracts for the Sizewell C nuclear power station project
- Contracts demonstrate company's capability to deliver solutions for major nuclear infrastructure projects
- Project will contribute to long-term revenue through nuclear power infrastructure development
- None.
Insights
The strategic contracts for Sizewell C represent a significant business win for Mirion Technologies. The project's scope, involving critical safety systems for a 3.2-gigawatt power station, positions Mirion as a key supplier in the UK's nuclear infrastructure expansion. The Electrical Penetration Systems and Boron Meter Systems contracts demonstrate Mirion's technical leadership in reactor safety components.
The replication of Hinkley Point C's design reduces execution risk and provides cost certainty. With nuclear power gaining momentum in Europe's energy transition, these contracts strengthen Mirion's market position and could lead to additional opportunities as countries expand their nuclear capacity. The long-term nature of nuclear projects provides stable revenue visibility, while the high barriers to entry in nuclear safety systems protect Mirion's competitive advantage.
These contracts align with the broader trend of nuclear power revival in Western markets. Sizewell C's 6 million home power capacity highlights the scale of this infrastructure investment. The EPR technology implementation represents a significant market opportunity, as similar reactors are planned across Europe. Mirion's selection for both electrical penetration and boron measurement systems demonstrates their comprehensive capabilities in nuclear safety technology.
The timing is particularly advantageous given the UK's commitment to nuclear power as part of its energy security strategy. The project's replication of Hinkley Point C's design should streamline execution and potentially lead to operational efficiencies and cost benefits for Mirion.
As a key supplier to nuclear power plants globally, Mirion Technologies has demonstrated its capability and commitment to delivering high-quality, reliable solutions for critical new power stations.
“We are excited to be a part of the Sizewell C project, a pivotal development in the commitment to a sustainable energy future for the United Kingdom,” said Loïc Eloy, President, Technologies Group at Mirion.
The October 2024 agreement for supply of Electrical Penetration Systems (EPS) addresses crucial technology to enable secure passage of cables through containment walls of the reactor, providing a reliable seal and uninterrupted electrical circuits even in unexpected situations. Mirion EPS solutions help ensure the safe containment of the reactor building while enabling the flow of information from inside to the outside of the reactor.
Earlier this year, in May 2024, Mirion Technologies was awarded the contract for Boron Meter Systems. These systems are essential for measuring boron concentration in water, a critical factor in controlling nuclear reaction levels within light water nuclear power plants.
An Ongoing Partnership
This partnership allows Mirion Technologies to leverage extensive experience in nuclear technology in tandem with the Sizewell C team to ensure the success and reliability of this significant venture.
“We have confidence in Mirion’s ability to deliver top-end systems that integrate seamlessly with advanced EPR technology and replicate Hinkley Point design,” stated Fernando Tiefensee, Programme Manager at Sizewell C. “This partnership underscores our mutual commitment to advancing safe, reliable energy solutions and solidifies our role in helping achieve the
“We are eager to continue our collaboration, contributing to sustainable and reliable energy solutions for the future,” added Loïc Eloy of Mirion.
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. The Mirion Technologies group provides proven radiation safety technologies that operate with precision – for essential work within R&D labs, critical nuclear facilities, and on the front lines. The Mirion Medical group solutions help enhance the delivery and ensure safety in healthcare, powering the fields of Nuclear Medicine, Radiation Therapy QA, Occupational Dosimetry, and Diagnostic Imaging. Headquartered in
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Source: Mirion Technologies
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