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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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