Mentioned:
The United States Army is embracing nuclear microreactors. And now, they’ve just selected five companies to build them directly on military bases.
What’s happening:
- The United States Army has selected five companies to deploy nuclear microreactors directly on military bases as part of the Janus Program
Why it matters:
- This is the first time ever that the United States Army will have nuclear reactors on its bases that are owned and operated by companies rather than the government
Going deeper:
- BWX Technologies (NYSE: BWXT), Antares Nuclear, General Atomics, Radiant Industries and Westinghouse Government Services were the companies selected for the Janus Program by the United States Army
- The United States Army will commit up to $2.2B USD combined across five companies over five years and individual contracts will be paid out as each company hits technical milestones
- Westinghouse Government Services, Radiant Industries, General Atomics, Antares Nuclear and BWX Technologies will all build and deploy their microreactors with their own capital alongside of the United States Army’s milestone payments
The intrigue:
- Antares Nuclear just recently made waves in Silicon Valley when they raised a $470M USD Series C financing round to advance their non-light water nuclear microreactors for both military and space applications
