tiprankstipranks
BWX Technologies enters pact with Crowley for nuclear power generation vessel
The Fly

BWX Technologies enters pact with Crowley for nuclear power generation vessel

Crowley has teamed with nuclear power leader BWX Technologies through a memorandum of understanding for a ship concept that has the potential to generate alternative, zero-carbon emission energy for defense and disaster needs by including a microreactor on board. The new memorandum of understanding with BWXT‘s Advanced Technologies subsidiary will allow both companies to jointly pursue and develop opportunities relative to the design, engineering and development of new shallow-draft hull ships that will supply small-scale nuclear energy to shoreside locations. The new ships would feature the latest technology available for factory fabricated microreactors, readily deployed into a shipyard configuration for ease of installation on the vessel. The onboard power plant would supply energy to shore facilities, such as military bases in remote island locations, backup utility grids after disasters, and provide power in other scenarios where traditional electricity sources are damaged or not possible. The new vessel concept envisions a 378-foot ship that pulls from the logistics and marine capabilities of Crowley, a longtime operator with in-house vessel design by its Crowley Engineering Services, and the nuclear capabilities of BWXT, a leading supplier of nuclear components, fuel and services to the U.S. government at the highest levels of safety and security for more than 60 years. Both Crowley and BWXT are based in the United States and have been in business for more than a century.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on BWXT:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles