B&W and FirstEnergy sign MOU to study small modular nuclear reactor deployment

The Babcock & Wilcox Co. (B&W, NYSE: BWC) and FirstEnergy Corp. (NYSE: FE) on July 25 said FirstEnergy and B&W’s subsidiary, Generation mPower LLC (GmP), signed a memorandum of understanding regarding studies on the potential deployment of the 180 MWe B&W mPower small modular reactor in FirstEnergy’s service territory.

FirstEnergy and GmP said they plan to work together to perform an independent financial review of mPower economics, evaluate several alternative potential sites for construction of B&W mPower plants, complete a preliminary pre-licensing analysis, and assess the need and timing for prospective deployment of B&W mPower plants in the FirstEnergy generation fleet.

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