BWXT, Crowley Debut Nuclear Power Generation Vessel Concept
September 20 2023 - 5:45AM
Business Wire
Global shipping and energy supply chain leader Crowley has
teamed with BWX Technologies, Inc. (NYSE: BWXT) 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.
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Nuclear power generation vessel concept
(Photo: Business Wire)
A 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.
“Our cooperation with BWXT will move Crowley for the first time
into the nuclear energy sector, a key part of our commitment to
sustainable, alternative energy sources. This concept supports the
U.S. Department of Energy’s goal of maintaining U.S. leadership in
nuclear energy technology as well as many the U.S. Department of
Defense’s strategic goals for operational energy,” said Shiju
Zacharia, senior vice president and general manager, Crowley
Government Solutions.
This new vessel concept pairs traditional propulsion while
carrying a modular reactor between 5 and 50 megawatts that can be
activated upon arrival at the destination and be deactivated and
transported after the power supply is discontinued. Buoyed power
delivery cables will enable the ships to deploy energy connections
to shore. Shallow draft hulls allow the vessels to maneuver to
strategically deliver power for military activities or if disasters
limit harbor access.
“We are excited to work alongside Crowley to leverage our
ongoing reactor development and demonstration programs to expand
nuclear technology into new and novel markets to deliver zero
carbon emissions energy generation to strategic locations,” said
Joe Miller, president of BWXT Advanced Technologies LLC.
About Crowley
Crowley is a privately held, U.S.-owned and -operated maritime,
energy and logistics solutions company serving commercial and
government sectors with $3.4 billion in annual revenues, over 170
vessels mostly in the Jones Act fleet and approximately 7,000
employees around the world – employing more U.S. mariners than any
other company. The Crowley enterprise has invested more than $3.2
billion in maritime transport, which is the backbone of global
trade and the global economy. As a global ship owner-operator and
services provider with more than 130 years of innovation and a
commitment to sustainability, the company serves customers in 36
nations and island territories through five business units: Crowley
Logistics, Crowley Shipping, Crowley Government Solutions, Crowley
Wind Services and Crowley Fuels. Additional information about
Crowley, its business units and subsidiaries can be found at
www.crowley.com.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong,
Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a
Defense News Top 100 manufacturing and engineering innovator that
provides safe and effective nuclear solutions for global security,
clean energy, environmental restoration, nuclear medicine and space
exploration. With approximately 7,000 employees, BWXT has 14 major
operating sites in the U.S., Canada and the U.K. In addition, BWXT
joint ventures provide management and operations at a dozen U.S.
Department of Energy and NASA facilities. Follow us on Twitter at
@BWXT and learn more at www.bwxt.com.
Forward Looking Statements
BWXT cautions that this release contains forward-looking
statements, including statements relating to the performance,
design, suitability and impact of microreactor technology. These
forward-looking statements involve a number of risks and
uncertainties, including, among other things, the timing of
technology development; our ability to obtain the necessary
regulatory approvals, licenses and permits in a timely manner; the
ability to commercialize this technology; competition in an
environment of rapid technological changes; and the enforcement and
protection of our intellectual property rights. If one or more of
these or other risks materialize, actual results may vary
materially from those expressed. For a more complete discussion of
these and other risk factors, please see BWXT’s annual report on
Form 10-K for the year ended December 31, 2022 and subsequent
quarterly reports on Form 10-Q filed with the Securities and
Exchange Commission. BWXT cautions not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this release, and undertakes no obligation to update or revise
any forward-looking statement, except to the extent required by
applicable law.
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BWXT Contacts
Media Jud Simmons Senior Director, Media & Public Relations
434.522.6462 hjsimmons@bwxt.com
Investors Chase Jacobson Vice President, Investor Relations
980.365.4300 investors@bwxt.com
Crowley Contacts David DeCamp Director, Corporate
Communications (904) 727-4263 david.decamp@crowley.com
Torey Vogel Specialist, Corporate Communications (904) 726-4536
torey.vogel@crowley.com
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