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|Lehigh Heavy Forge and B&W Joined by Pennsylvania Governor Tom Corbett in Announcing Supply Agreement for B&W mPower™ Reactor Forgings|
Companies Lead Nuclear Manufacturing Renaissance in U.S.
Under terms of the agreement, Lehigh Heavy Forge and B&W plan to jointly participate in the fabrication and qualification of large forgings for nuclear reactor components which are intended to be used in the manufacture of B&W mPower SMRs.
Prototype and standard forgings would be manufactured at Lehigh Heavy
Lehigh Heavy Forge will use the process of manufacturing prototype B&W mPower forgings to seek a Material Organization Quality System accreditation with ASME for future heavy component manufacturing. Lehigh Heavy Forge also has plans to make additional facility upgrades to support future B&W mPower reactor manufacturing needs.
“We have been making significant capital investments in our facilities
as we get ready for what we believe will be a strong push for small
modular reactor heavy components,” stated
“Cooperation between the
B&W recently was selected as the winner of the
B&W and its affiliates also have executed 150 Memoranda of Understanding with B&W mPower reactor suppliers in 36 states. These represent the first wave of B&W domestic supplier engagements that would expand U.S. supply base capabilities and supplement B&W’s existing group of nuclear suppliers. As anticipated market opportunities mature, these business relationship agreements are expected to evolve into domestic strategic supplier agreements establishing capacity and pricing terms for future B&W mPower SMR projects.
A subsidiary of
Cautionary Statement Regarding Forward Looking Statements
B&W cautions that this release contains forward-looking statements,
including statements relating to the plans, commitments, expectations
and beliefs expressed regarding SMR technology, the B&W mPower reactor,
SMR market opportunities and the evolution of our supplier
relationships. These forward-looking statements involve a number of
risks and uncertainties, including, among other things, our inability to
finance B&W mPower research and development efforts and adverse changes
in the demand for or competitiveness of nuclear power. 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 B&W's filings with the
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