BWX Technologies has licensed its mPower small modular reactor technology to Applied Atomics.
The agreement gives Applied Atomics exclusive rights for commercial development and deployment, while BWXT keeps manufacturing and royalty rights.
The deal focuses on bringing mPower reactors to new markets, including customers with growing electricity needs.
For investors watching the nuclear power space, this agreement places BWX Technologies at the center of a fresh push to commercialize small modular reactors. The company has long focused on nuclear components and services, and mPower sits at the intersection of rising power demand and interest in low carbon baseload generation.
As data centers, industrial users, and grids look for reliable energy options, the mPower licensing deal provides BWXT with another avenue to monetize its reactor design and manufacturing capabilities. The partnership structure keeps BWXT connected to potential project volumes through manufacturing work and royalties, while Applied Atomics takes the lead on commercial build out and customer outreach.
