Applied Atomics and BWX Technologies sign licensing agreement for mPower SMR technology

Type: Partnership · Technology: Nuclear · Country: United States · Announced: 2026-06-17

Applied Atomics entered an exclusive licensing agreement with BWX Technologies to use the mPower small modular reactor (SMR) technology for the commercial development and deployment of land-based nuclear facilities in the United States, Canada, and other regions. Under the agreement, BWX Technologies retains ownership of the mPower IP and holds exclusive manufacturing rights for all mPower components, while Applied Atomics will re-engage the US Nuclear Regulatory Commission to resume mPower design certification activities. Applied Atomics will also contract with BWX Technologies for technical support as the licensing process advances, with BWX preserving the mPower engineering archive and test facilities following the programme's 2017 suspension.

Analysis

Applied Atomics entered an exclusive licensing agreement with BWX Technologies to use the mPower small modular reactor (SMR) technology for the commercial development and deployment of land-based nuclear facilities in the United States, Canada, and other regions, as announced on 2026-06-17. BWX Technologies, a leading supplier of nuclear components and fuel to the U.S. government, including the U.S. Navy, will retain ownership of the mPower IP and hold exclusive manufacturing rights for all mPower components. Applied Atomics will re-engage the US Nuclear Regulatory Commission to resume mPower design certification activities and contract with BWX Technologies for technical support. The agreement also involves BWX preserving the mPower engineering archive and test facilities following the programme's 2017 suspension. The value of the agreement was not disclosed.

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