Obama administration partners with Babcock & Wilcox, Bechtel

01/15/2013 | Forbes

Babcock & Wilcox and Bechtel, together with the federal government, will develop smaller nuclear reactors for the Tennessee Valley Authority. Energy Secretary Steven Chu said the advancement of small modular reactor technologies will help create jobs and export possibilities for American workers and companies. The Department of Energy will invest about $450 million in the project.

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