B&W MPOWER REACTOR

B&W mPower reactor

Introduction

Generation mPower is working to fully develop and deploy the B&W mPower reactor technology. The reactor is a First-of-a-Kind (FOAK), scalable, modular, passively safe, light water system. The B&W mPower reactor is being designed to provide 160 MWe of clean, zero-emissions energy for four years of operation without refueling. The Babcock & Wilcox Company (B&W) (NYSE:BWC) and Generation mPower LLC (Generation mPower) will dedicate the unique B&W mPower(TM) Integrated System Test (IST) facility in Bedford County, Va., at a ceremony today. The facility is located at the Center for Advanced Engineering and Research (CAER) at the New London Business & Technology Center.

The facility contains a prototype of the B&W mPower reactor that will undergo extensive testing to collect data to verify the reactor's design and safety performance in support of Generation mPower's ongoing licensing activities with the Nuclear Regulatory Commission. The primary technical features of the B&W mPower reactor are included in the IST, although the source of energy is electricity rather than nuclear.

The IST facility supports further development of the B&W mPower reactor technology that represents a new generation of smaller, scalable nuclear power plants. This world-class testing facility was made possible in part by generous support from the Virginia Tobacco Indemnification and Community Revitalization Commission (TICRC), which provided more than $7 million in grants to support construction of the facility and the purchase of process equipment.

"B&W and Generation mPower appreciate the support from all of those involved as we establish this key element of the B&W mPower reactor program," said Brandon C. Bethards, President and Chief Executive Officer of B&W. "The IST facility will allow us the opportunity to demonstrate to the world the value of small modular reactors as a practical and affordable choice for nuclear power generation. Today's dedication marks another step in our progress toward commercializing small modular reactor technology." Christofer Mowry, President of Babcock & Wilcox Nuclear Energy. Inc. and Chairman of the Board of Generation mPower, said, "We continue to see tremendous interest from potential customers in the United States and abroad for our small modular reactor. Generation mPower is working to meet a need for a reliable, carbon-free power source that can be deployed at a new site or replace an aging facility in North America or overseas."

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,000 people, in addition to approximately 10,000 joint venture employees.

Overview of Reactor Security

Physical security at nuclear power plants involves the threat of radiological sabotage—a

deliberate act against a plant that could directly or indirectly endanger public health and safety

through exposure to radiation. The Nuclear Regulatory Commission (NRC) establishes security

requirements at U.S. commercial nuclear power plants based on its assessment of plant

vulnerabilities to, and the consequences of, potential ...