Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

eVinci™ Microreactor Selected for Department of Energy FEEED Contract

2023-10-24 01:55
CRANBERRY TOWNSHIP, Pa.--(BUSINESS WIRE)--Oct 23, 2023--
eVinci™ Microreactor Selected for Department of Energy FEEED Contract

CRANBERRY TOWNSHIP, Pa.--(BUSINESS WIRE)--Oct 23, 2023--

Westinghouse Electric Company today announced its selection by the Department of Energy for a Front-End Engineering and Experiment Design contract to support commercialization of its eVinci™ microreactor. The DOE funding supports planning for the deployment of the eVinci Nuclear Test Reactor at Idaho National Lab.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231023154163/en/

The eVinci microreactor builds on decades of Westinghouse innovation to bring carbon-free, safe and scalable energy wherever it is needed for a variety of applications. (Photo: Business Wire)

The test reactor, a one-fifth scale representation of an actual eVinci microreactor, will enable design finalization, testing and licensing of the technology utilizing INL’s National Reactor Innovation Center DOME test bed facility. During this FEEED contract phase, the eVinci team will work with NRIC/INL to create an End-to-End Reactor Test Program plan and schedule for placing the test reactor in the INL facility.

“The FEEED process will bring three microreactor designs one step closer to reality,” said DOE Assistant Secretary for Nuclear Energy Dr. Kathryn Huff. “These technologies will give choices to diverse communities looking to transition to a clean energy future.”

“We appreciate the ongoing support from the Department of Energy and Idaho National Lab to further the development of this truly innovative reactor technology,” said Jon Ball, President for eVinci Technologies at Westinghouse. “We are at an inflection point and are accelerating the commercialization of our eVinci technology. NRIC’s partnership will be a critical enabler to advance technology readiness and licensing.”

NRIC is a national Department of Energy program led by Idaho National Laboratory. NRIC speeds the demonstration and deployment of advanced nuclear energy through its mission to inspire stakeholders and the public, empower innovators and deliver successful outcomes. They are charged with, and committed to, demonstrating advanced reactors by the end of 2025.

The eVinci Microreactor builds on decades of Westinghouse innovation to bring carbon-free, safe and scalable energy wherever it is needed for a variety of applications, including electricity and heating for remote communities, universities, mining operations, industrial centers, data centers and defense facilities, and soon the lunar surface and beyond. The eVinci microreactor has very few moving parts, working essentially as a battery, providing the versatility for power systems ranging from several kilowatts to 5 megawatts of electricity, delivered 24 hours a day, 7 days a week for eight-plus years without refueling. It can also produce high temperature heat suitable for industrial applications including alternative fuel production such as hydrogen, and has the flexibility to balance renewable output. The technology is 100 percent factory built and assembled before it is shipped in a container to any location.

# # #

Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear and other clean power technologies to utilities globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and X.

About Idaho National Laboratory

Battelle Energy Alliance manages INL for the U.S. Department of Energy’s Office of Nuclear Energy. INL is the nation’s center for nuclear energy research and development, and also performs research in each of DOE’s strategic goal areas: energy, national security, science and the environment. For more information, visit www.inl.gov. Follow them on social media: X, Facebook, Instagram and LinkedIn.

View source version on businesswire.com:https://www.businesswire.com/news/home/20231023154163/en/

Media@westinghouse.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: NUCLEAR ENERGY

SOURCE: Westinghouse Electric Company

Copyright Business Wire 2023.

PUB: 10/23/2023 01:22 PM/DISC: 10/23/2023 01:22 PM

http://www.businesswire.com/news/home/20231023154163/en