(LYNCHBURG, Va. – Aug. 21, 2025) BWX Technologies, Inc. (NYSE: BWXT) announced today the launch of BWXT Advanced Fuels, LLC, a subsidiary dedicated to the commercialization of advanced nuclear fuel, such as TRISO. The new entity will pursue partnerships to deliver commercial nuclear fuel for the coming wave of advanced nuclear reactors.
BWXT Advanced Fuels focuses on ensuring the availability of BWXT-manufactured nuclear fuel on a commercial scale by leveraging its more than 20 years of experience manufacturing TRISO fuel at its Lynchburg facility.
To accomplish this, BWXT is enhancing its manufacturing capabilities to meet increasing market demand, while creating a framework to establish industry partnerships.
“Given the significant investments, expertise and ready-to-manufacture capabilities in advanced nuclear fuels, BWXT is leaning in to lead fuel supply for multiple advanced reactor developers. Together, we are creating a new era of American nuclear energy dominance,” said Joe Miller, BWXT president for Government Operations.
BWXT Advanced Fuels is led by Senior Director Josh Parker. During the past five years, Parker has served as director of business development for BWXT Advanced Technologies and has more than two decades of experience in light water reactor fuels.
“Our team is working right now to deliver the fuel for the first advanced reactors as well as optimizing the TRISO manufacturing process for the future to ensure that we can successfully drive down costs to meet the demand of industry and energy end-users,” said Parker.
TRISO (TRi-structural ISOtropic) fuel comprises carbon and silicon layers surrounding a uranium fuel kernel. BWXT recently completed the designing and manufacturing of TRISO fuel for the Department of Defense (DOD) Strategic Capabilities Office’s Pele program. Pele is a 1.5-megawatt gas-cooled reactor that is transportable. BWXT is manufacturing TRISO on a commercial scale and will be prepared ahead of the ramp in new product deliveries to meet customer demand.
BWXT’s TRISO optimization program is located at the BWXT Innovation Campus in Lynchburg, where subject matter experts from our existing TRISO manufacturing line as well as experts in new fuel development, machine learning and data science collaborate to further optimize the process and lower the cost to deliver TRISO to the industry.
As part of this effort, BWXT is exploring opportunities to expand its TRISO production capability through establishment of a new “greenfield” TRISO fabrication facility to meet the demand of the growing advanced reactor market.
Forward-Looking Statements
BWXT cautions that this release contains forward-looking statements, including, without limitation, statements relating to management’s plans and expectations for BWXT Advanced Fuels, LLC, our ability to realize the anticipated benefits of the entity and future revenues and demand for BWXT-manufactured nuclear fuel on a commercial scale. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, competition in the market for commercial nuclear fuel, the timing of technology development and the receipt of regulatory approvals. If one or more of these risks 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, 2024, and subsequent 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.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and 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 nearly 10,000 employees, BWXT and its industry partners support the U.S. Department of Energy and National Nuclear Security Administration across more than a dozen major contracts in North America. For more information, visit www.bwxt.com. Follow us on LinkedIn, X, Facebook and Instagram.
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