GE Hitachi Nuclear Energy (GEH), Tennessee Valley Authority (TVA), Ontario Power Generation (OPG) and Synthos Green Energy (SGE) are teaming up to advance the global deployment of the GEH BWRX-300 small modular reactor (SMR).
Through a technical collaboration agreement that was announced in Washington, D.C., TVA, OPG and SGE will invest in the development of the BWRX-300 standard design and detailed design for key components, including reactor pressure vessel and internals. GEH is committed to standard design development and anticipates a total investment of around $400 million associated with the development. Each contributor has agreed to fund a portion of GEH’s overall cost and collectively will form a Design Center Working Group with the purpose of ensuring the standard design is deployable in multiple jurisdictions. The long-term goal is for the BWRX-300 design to be licensed and deployed in Canada, the U.S., Poland and beyond.
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“I applaud the leadership shown by OPG, TVA and SGE in working together to advance the common design of the BWRX-300,” said GEH President and CEO Jay Wileman. “This unprecedented collaboration, which spans three countries, will offer benefits to each of the team members and demonstrates confidence in the role that our SMR technology will play in helping nations meet decarbonization and energy security goals. Building on our design-to-cost approach, this collaboration will further strengthen the cost competitiveness of the BWRX-300.”
“Working together, we are taking intentional steps to advance new nuclear in the U.S. and around the world. TVA is leading the way for the nation by investing and helping to shape the standard design of the GEH BWRX-300, which will add more reliable, resilient, affordable and clean energy on the grid,” said President and CEO Jeff Lyash. “TVA has extensive experience and expertise building and operating nuclear facilities, and we are uniquely positioned to help lead this effort moving forward. We appreciate the support of our federal and state officials who are helping us go further, faster in developing innovative, cost-effective technologies that will help support the energy security of the nation.”
SOURCE: PR Newswire