Related Links: Next Step in U.S. Nuclear Market Could Be Built Round Small Modular Reactors Feds OK New Georgia Units The Dept. of Energy has announced the winner of the initial part of a two-phase award for the commercial deployment of small modular reactors, or SMRs, in the U.S.The first project award, announced on Nov. 20, goes to a joint-venture team of Charlotte, N.C.-based Babcock & Wilcox and San Francisco-based Bechtel, working in partnership with the Tennessee Valley Authority. Bechtel is the architect-engineer, and B&W is the technology provider. TVA hopes to acquire a Nuclear Regulatory Commission (NRC) license for
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.