B&W mPower

The B&W mPower is a proposed small modular reactor designed by Babcock & Wilcox, and to be built by Generation mPower LLC, a joint venture of Babcock & Wilcox and Bechtel. It is a Generation III++ integral pressurized water reactor (light water reactor) CONCEPT.

The reactor was unveiled by Babcock & Wilcox in June 2009. In July 2010, Babcock & Wilcox announced a formal alliance with Bechtel called Generation mPower LLC. At the same time, Babcock & Wilcox announced that it will build a test facility for the mPower reactor design at the Center for Advanced Engineering and Research in Bedford County, Virginia. In April 2011, Babcock & Wilcox received a $5 million grant from the Virginia Tobacco Indemnification and Community Revitalisation Commission for this test facility.

In June 2011 Generation mPower signed a letter of intent with the Tennessee Valley Authority for constructing up to six reactors at Clinch River Breeder Reactor site in Tennessee.

Generation mPower planned to apply to the Nuclear Regulatory Commission for design certification by 2013. Babcock & Wilcox announced on February 20, 2013, that they had contracted with the Tennessee Valley Authority to apply for permits to build an mPower small modular reactor at TVA's Clinch River site in Oak Ridge, Tennessee.

In November 2012, mPower won a US Department of Energy funding competition for new Small modular reactor (SMR) designs. The competition was intended to accelerate development of SMRs. The award was funded at $79 million in 2013, from a total of $150 million over five years, with a possibility of total government grants reaching $226 million or more.

...
Wikipedia