babcock & wilcox

Local News
10:44 pm
Sat May 10, 2014

Babcock & Wilcox Struggles Prompt Nuclear Reactor Competitor To Open Charlotte Office

A one-third scale test model of the reactor runs on electricity, not nuclear power, at Oregon State University.
Credit NuScale

Charlotte will play host to two companies developing a new type of nuclear reactor. Oregon-based NuScale Power has announced it will open a new office in SouthPark and will hire 100 employees, after seeing an opportunity in the struggles of its Charlotte competitor.


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Local News
3:02 pm
Wed April 16, 2014

Factory-Built Nuclear Reactor Development Slows

The exterior of the Lynchburg, Virginia lab where Babcock and Wilcox is testing its prototype small modular reactor.
Credit Ben Bradford / WFAE

Charlotte-based Babcock and Wilcox received a big boost when the Energy Department agreed to be a partner in the company’s development of a new, small nuclear reactor. But the project has since hit some roadblocks.


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Business
12:57 am
Mon December 17, 2012

Charlotte Firm Takes Lead In Smaller, Factory-Built Nuclear Reactors

Babcock & Wilcox's prototype reactor lies 20 miles outside of Lynchburg, Va.
Ben Bradford/WFAE

The U.S. government and the nuclear industry are betting on new, much smaller nuclear reactors that can be mass produced in factories, and shipped around the world. 

"We are trying to jumpstart a new U.S. industry," says Assistant Secretary of Energy Pete Lyons. "That’s my goal: A U.S. industry, U.S. jobs, clean energy."

Last month the Department of Energy partnered with Charlotte-based nuclear company Babcock & Wilcox to finish development, in a deal that could total over $400 million. But critics worry that the model for the new reactor is flawed at its core.

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