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Project Pele Begins Taking Shape with Start of Core Manufacturing

1. BWXT starts fabricating the reactor core for the Pele microreactor. 2. The 1.5 MW microreactor aims to produce electricity by 2028.

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Why Bullish?

The commencement of the Pele microreactor project demonstrates BWXT's progression in advanced technology. Historical instances, like the introduction of new energy technologies, often bolster investor confidence and share price performance.

How important is it?

The announcement signals BWXT's engagement in high-profile government projects and innovation, which can attract investments and positive sentiment.

Why Long Term?

The project's delivery by 2028 positions BWXT for future growth and revenue, reflecting sustainable innovation. Long-term advancements in clean energy could significantly influence market positioning.

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RTXNOCLMTHON
LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) announced today that work has commenced to fabricate the reactor core for the Pele microreactor at its BWXT Innovation Campus in Lynchburg, Virginia. Pele is a 1.5-megawatt demonstration microreactor for the Department of Defense Strategic Capabilities Office. The technology is expected to begin producing electricity in 2028. The Pele microreactor is gas-cooled and designed to be transportable. The reactor and its associated s.

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