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Applied Atomics Secures Exclusive Land-Based License for mPower™ Small Modular Reactor Technology from BWX Technologies

Applied Atomics
High-voltage transmission towers silhouetted against a bright sky

It's not a Physics Problem.It's a Deployment Problem.

Applied Atomics deploys nuclear power faster.

0XDemand Surge

Data center and AI power demand is projected to triple by 2030.

00+Years to Build

On average, a new U.S. nuclear plant has taken more than a decade from approval to first power.

000%Average Cost Overrun

Nuclear plants built after 1970 cost nearly 3.5x their projected price.

Industrial silo towers seen from below against a bright sky

Industry Stagnation

The nuclear industry has spent billions developing next-generation reactor designs. Yet projects continue to fail — not because of the technology, but because of how they are built.

Better technology ≠ better delivery. Right now, the system to build plants is broken.

  • Over BudgetCost overruns routinely exceed 2–3x original projections
  • Behind ScheduleDelays measured in years, not months, across virtually every recent project
  • Fragmented ExecutionDisconnected vendors with no single point of accountability

The Applied Atomics Method

Traditional Approach
  • Disconnected Vendors

    No unified command, dozens of contractors with competing priorities

  • No Single Accountability

    When things go wrong, responsibility is diffused, disputes are costly

  • High Coordination Failure

    Schedule slippage compounds across every interface between parties

Applied Atomics Approach
  • Integrated Supply Chain

    Strategic partners locked in early, reducing procurement risk at every stage

  • System-Level Ownership

    One team accountable from site selection through commercial operation

  • Repeatable Deployment

    Standardized playbook that gets faster, cheaper, and lower-risk at scale

The Conditions Already Exist

01

Operational Achievements

Every milestone below represents real risk retired with the Applied Atomics approach.

Industrial integration testing facility

Integration Testing

Second integration test stand currently under construction

Manufacturing facility with crane

Supply Chain Engaged

Strategic manufacturing partner secured for long-lead nuclear components

Aerial view of open land site in Texas or Wyoming

Active Site Testing

Prospective sites under evaluation in TX and WY with siting path underway

Data center server corridor

Real Demand Signal

Early engagement with data center operators and industrials representing 10GW of demand

02

Full Lifecycle Ownership

Applied Atomics is not a reactor vendor or a construction contractor. We develop, build, and operate — capturing value across the full lifecycle of each asset.

Develop

Site selection, permitting, financing structure, and offtake agreements secured before shovels move

Build

Integrated execution model with system-level accountability from component to commissioning

Operate

Long-term power agreements and infrastructure revenue — durable, contracted cash flows

03

Repeatable Deployment

After the first project, every subsequent deployment benefits from the same standardized playbook — compressing timelines and de-risking execution with each iteration and our in-house team.

PHASE 1

First 100MW of Power On in 2030

Proof plant for data centers, industrial parks, and utilities

PHASE 2

Replicate

Standardized playbook for rapid multi-site scale-up

Why Applied Atomics Succeeds

  • Proven DesignsNo technology risk — battle-tested reactor designs
  • Anchored Supply ChainLong-lead components secured
  • Integrated ExecutionSingle point of accountability — no coordination gaps
  • Faster DeploymentFull-stack, integrated model compresses schedules
  • Repeatability at ScaleA platform, not a project — built to replicate
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