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BWX Technologies

BWX Technologies, Inc., headquartered in Lynchburg, Virginia is a supplier of nuclear components and fuel to the U.S.[1]

BWX Technologies, Inc.
Company typePublic
NYSE: BWXT
S&P 400 Component
IndustryNuclear Industry
Founded1867; 157 years ago (1867)
Founders
Headquarters,
United States
Area served
Worldwide
Key people
Rex D. Geveden (CEO)
ProductsCommercial Nuclear Services; Heavy Nuclear Components; Government Services
Revenue1,070,000,000 United States dollar (2018) 
Number of employees
6,250 (2018)
Websitewww.bwxt.com

Overview edit

On July 1, 2015, BWX Technologies Inc. began trading separately from its former subsidiary Babcock & Wilcox Enterprises Inc. after a spinoff.[2] Sandy Baker became CEO and Fees became chairman.[3] The company had 2,500 employees in Lynchburg and 4,500 in total.[4]

After Babcock & Wilcox emerged from bankruptcy in 2006, that company and BWX Technologies (both subsidiaries of the McDermott International, Inc.) consolidated operations as The Babcock & Wilcox Companies[5] headed by President John Fees.[citation needed]

Before a move to Charlotte, North Carolina, it was headquartered in Lynchburg, Virginia,[3] with offices in the downtown district of the city.[citation needed]

Business units edit

BWXT mPower, Inc. edit

BWXT announced in 2009 plans to design, develop, license and deploy a small modular nuclear reactor (SMR) called the BWXT mPower reactor. The passively safe reactor would have had an output of 180 megawatts (electric) and was one of several SMRs investigated by U.S. engineering firms. The mPower reactor featured a fully underground containment structure.

BWXT mPower, Inc. was formed in 2012 to design, develop, license, and deploy the B&W mPower reactor, a small modular nuclear reactor. The BWXT mPower reactor – no longer in development as of 2017 [6] – was a scalable, modular reactor with the capacity to provide output in increments of 180 MWe for a four-year operating cycle without refueling. The business unit was headquartered in Charlotte, NC.[7]

The reactor design was an integral Pressurized Water Reactor (iPWR) system in which the nuclear core and steam generators were contained within a single vessel.[8]

B&W and engineering and construction firm Bechtel maintained an alliance called Generation mPower LLC to produce modular nuclear power plants using the BWXT mPower reactor until the project was terminated in 2017.[9][6]

More than two dozen utilities belonged to the Generation mPower Industry Advisory Council and provided review, insights and feedback regarding licensing and design activities for the BWXT mPower reactor. In 2013 the Tennessee Valley Authority signed a letter of intent to potentially build plants utilizing BWXT mPower reactors.[10]

BWXT Nuclear Energy, Inc. edit

BWXT Nuclear Energy, Inc. (BWXT NE) manufactures nuclear components and provides engineering, design, construction, inspection and repair services. It was formed in 2010, named Babcock & Wilcox Nuclear Energy, by the merger of two business units, Nuclear Power Generation Group and Modular Nuclear Energy. This company was later renamed BWXT NE following the July 2015 spin-off of Babcock & Wilcox. BWXT is the only North American company to continuously manufacture nuclear steam generators for the commercial nuclear power industry since the 1950s. BWXT NE's headquarters are located in Charlotte, NC.

BWXT Nuclear Operations Group, Inc. edit

BWXT Nuclear Operations Group, Inc. (BWXT NOG) specializes in the design and manufacture of components for the U.S. government.

BWXT NOG's headquarters are located in Lynchburg.[11] BWXT NOG has four operating locations throughout the United States. BWXT NOG's Barberton, Ohio, and Mount Vernon, Indiana, locations specialize in the design and manufacture of large, heavy components. BWXT NOG facilities in Lynchburg, Virginia, and Euclid, Ohio, design and supply components for United States government programs.

Nuclear Fuel Services, Inc. (NFS) is a subsidiary of BWXT NOG, located in Erwin, Tennessee.

BWXT Technical Services Group, Inc. edit

BWXT Technical Services Group, Inc. (BWXT TSG) manages complex, high-consequence nuclear and national security operations, including nuclear production facilities. BWXT TSG manages the nation's Strategic Petroleum Reserve and provides a broad range of technical services to the U.S. Department of Energy and the National Nuclear Security Administration's operations.

Headquartered in Lynchburg, BWXT TSG operates three businesses: managing and operating large manufacturing or site closure contracts for the U.S. government, facilitating laboratory services and managing technical services.[12] BWXT TSG is a member of the Los Alamos National Security, LLC and Lawrence Livermore National Security, LLC (LLNS), the latter of which was awarded the Management & Operation (M&O) contract to operate Lawrence Livermore National Laboratory, on May 8, 2007, to commence on October 1, 2007.

References edit

  1. ^ "BWX Technologies, Inc. | People Strong, Innovation Driven".
  2. ^ Downey, John (July 1, 2015). "Babcock & Wilcox completes spinoff; two independent companies begin public trading". Charlotte Business Journal. Retrieved July 2, 2015.
  3. ^ a b Peralta, Katherine (June 9, 2015). "Babcock & Wilcox approves spinoff, sets split date for July 1". The Charlotte Observer. Retrieved July 3, 2015.
  4. ^ Ruiter, Jason (November 11, 2014). "Babcock & Wilcox spinoff to create new nuclear-focused company in Lynchburg". The News & Advance. Retrieved July 8, 2015.
  5. ^ About B&W: History 2009-04-01 at the Wayback Machine, Babcock & Wilcox website, accessed June 3, 2010
  6. ^ a b Adams, Rod. "Bechtel And BWXT Quietly Terminate mPower Reactor Project". Forbes. Retrieved 2019-08-25.
  7. ^ [1] May 10, 2013, at the Wayback Machine
  8. ^ Generation mPower - Modular Reactor Team That Is Aiming For Turn-Key Units With Predictable Schedules And Costs - Atomic Insights
  9. ^ TVA progresses with mPower project
  10. ^ [2] June 20, 2013, at the Wayback Machine
  11. ^ Operations and Locations |date=September 17, 2010
  12. ^ Technical Services that Deliver Solutions September 17, 2010, at the Wayback Machine

External links edit

  • Official website
  • Business data for BWX Technologies:
    • Bloomberg
    • Google
    • Reuters
    • SEC filings
    • Yahoo!

technologies, headquartered, lynchburg, virginia, supplier, nuclear, components, fuel, company, typepublictraded, asnyse, bwxts, componentindustrynuclear, industryfounded1867, years, 1867, foundersstephen, wilcoxgeorge, herman, babcockheadquarterslynchburg, vi. BWX Technologies Inc headquartered in Lynchburg Virginia is a supplier of nuclear components and fuel to the U S 1 BWX Technologies Inc Company typePublicTraded asNYSE BWXTS amp P 400 ComponentIndustryNuclear IndustryFounded1867 157 years ago 1867 FoundersStephen WilcoxGeorge Herman BabcockHeadquartersLynchburg Virginia United StatesArea servedWorldwideKey peopleRex D Geveden CEO ProductsCommercial Nuclear Services Heavy Nuclear Components Government ServicesRevenue1 070 000 000 United States dollar 2018 Number of employees6 250 2018 Websitewww wbr bwxt wbr com Contents 1 Overview 2 Business units 2 1 BWXT mPower Inc 2 2 BWXT Nuclear Energy Inc 2 3 BWXT Nuclear Operations Group Inc 2 4 BWXT Technical Services Group Inc 3 References 4 External linksOverview editOn July 1 2015 BWX Technologies Inc began trading separately from its former subsidiary Babcock amp Wilcox Enterprises Inc after a spinoff 2 Sandy Baker became CEO and Fees became chairman 3 The company had 2 500 employees in Lynchburg and 4 500 in total 4 After Babcock amp Wilcox emerged from bankruptcy in 2006 that company and BWX Technologies both subsidiaries of the McDermott International Inc consolidated operations as The Babcock amp Wilcox Companies 5 headed by President John Fees citation needed Before a move to Charlotte North Carolina it was headquartered in Lynchburg Virginia 3 with offices in the downtown district of the city citation needed Business units editBWXT mPower Inc edit BWXT announced in 2009 plans to design develop license and deploy a small modular nuclear reactor SMR called the BWXT mPower reactor The passively safe reactor would have had an output of 180 megawatts electric and was one of several SMRs investigated by U S engineering firms The mPower reactor featured a fully underground containment structure BWXT mPower Inc was formed in 2012 to design develop license and deploy the B amp W mPower reactor a small modular nuclear reactor The BWXT mPower reactor no longer in development as of 2017 6 was a scalable modular reactor with the capacity to provide output in increments of 180 MWe for a four year operating cycle without refueling The business unit was headquartered in Charlotte NC 7 The reactor design was an integral Pressurized Water Reactor iPWR system in which the nuclear core and steam generators were contained within a single vessel 8 B amp W and engineering and construction firm Bechtel maintained an alliance called Generation mPower LLC to produce modular nuclear power plants using the BWXT mPower reactor until the project was terminated in 2017 9 6 More than two dozen utilities belonged to the Generation mPower Industry Advisory Council and provided review insights and feedback regarding licensing and design activities for the BWXT mPower reactor In 2013 the Tennessee Valley Authority signed a letter of intent to potentially build plants utilizing BWXT mPower reactors 10 BWXT Nuclear Energy Inc edit BWXT Nuclear Energy Inc BWXT NE manufactures nuclear components and provides engineering design construction inspection and repair services It was formed in 2010 named Babcock amp Wilcox Nuclear Energy by the merger of two business units Nuclear Power Generation Group and Modular Nuclear Energy This company was later renamed BWXT NE following the July 2015 spin off of Babcock amp Wilcox BWXT is the only North American company to continuously manufacture nuclear steam generators for the commercial nuclear power industry since the 1950s BWXT NE s headquarters are located in Charlotte NC BWXT Nuclear Operations Group Inc edit BWXT Nuclear Operations Group Inc BWXT NOG specializes in the design and manufacture of components for the U S government BWXT NOG s headquarters are located in Lynchburg 11 BWXT NOG has four operating locations throughout the United States BWXT NOG s Barberton Ohio and Mount Vernon Indiana locations specialize in the design and manufacture of large heavy components BWXT NOG facilities in Lynchburg Virginia and Euclid Ohio design and supply components for United States government programs Nuclear Fuel Services Inc NFS is a subsidiary of BWXT NOG located in Erwin Tennessee BWXT Technical Services Group Inc edit BWXT Technical Services Group Inc BWXT TSG manages complex high consequence nuclear and national security operations including nuclear production facilities BWXT TSG manages the nation s Strategic Petroleum Reserve and provides a broad range of technical services to the U S Department of Energy and the National Nuclear Security Administration s operations Headquartered in Lynchburg BWXT TSG operates three businesses managing and operating large manufacturing or site closure contracts for the U S government facilitating laboratory services and managing technical services 12 BWXT TSG is a member of the Los Alamos National Security LLC and Lawrence Livermore National Security LLC LLNS the latter of which was awarded the Management amp Operation M amp O contract to operate Lawrence Livermore National Laboratory on May 8 2007 to commence on October 1 2007 References edit BWX Technologies Inc People Strong Innovation Driven Downey John July 1 2015 Babcock amp Wilcox completes spinoff two independent companies begin public trading Charlotte Business Journal Retrieved July 2 2015 a b Peralta Katherine June 9 2015 Babcock amp Wilcox approves spinoff sets split date for July 1 The Charlotte Observer Retrieved July 3 2015 Ruiter Jason November 11 2014 Babcock amp Wilcox spinoff to create new nuclear focused company in Lynchburg The News amp Advance Retrieved July 8 2015 About B amp W History Archived 2009 04 01 at the Wayback Machine Babcock amp Wilcox website accessed June 3 2010 a b Adams Rod Bechtel And BWXT Quietly Terminate mPower Reactor Project Forbes Retrieved 2019 08 25 1 Archived May 10 2013 at the Wayback Machine Generation mPower Modular Reactor Team That Is Aiming For Turn Key Units With Predictable Schedules And Costs Atomic Insights TVA progresses with mPower project 2 Archived June 20 2013 at the Wayback Machine Operations and Locations date September 17 2010 Technical Services that Deliver Solutions Archived September 17 2010 at the Wayback MachineExternal links editOfficial website Business data for BWX Technologies BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title BWX Technologies amp oldid 1217098383, wikipedia, wiki, book, books, library,

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