The utility could be the first customer for B&W's 125 MW units
Babcock & Wilcox may be getting some early holiday cheer from the news that the Tennessee Valley Authority (TVA) is seriously talking about acquiring six of the B&W 125 MW mPower small modular reactors (SMRs).
At an estimated $4,000/Kw, the purchase price would be $500 million each or a total of $3 billion for all six. There's no word whether B&W will offer a volume discount to its first customer.
TVA hasn't formally committed to buying the units, but has issued a letter [ML103120558] to the NRC that it plans to proceed with license applications for them. By applying for a license to build and operate all six reactors, it will only have to pay for licensing costs one time. TVA will evaluate the SMRs for its Clinch River site in Tennessee.
Read the full details now online at CoolHandNuke, a nuclear energy jobs portal and a whole lot more.