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Nuclear fusion company raises $863M, much bound for Chesterfield
Massachusetts-based fusion energy company Commonwealth Fusion Systems announced that it raised $863 million in a Series B2 fundraising round.
Government Contractors | Technology 2025: GEVEDEN, REX D.
Headquartered in Lynchburg, BWX Technologies manufactures nuclear reactors, fuel and components; develops and manufactures microreactors for national security and space applications, and provides nuclear technical services at government labs and facilities. Geveden joined BWXT in 2015 as its chief operating officer before becoming CEO in 2017. He previously was an executive at Teledyne Technologie[...]
Chesterfield planners approve $2.5B+ nuclear fusion plant
The Chesterfield County Planning Commission unanimously recommended approving a permit Commonwealth Fusion Systems’ planned power plant.
BWXT launches subsidiary to deliver commercial nuclear fuel
BWXT launches a subsidiary, BWXT Advanced Fuels, to commercialize advanced nuclear fuel
BWXT wins $2.6B in contracts for naval nuclear reactor components
The U.S. Naval Nuclear Propulsion Program has awarded BWX Technologies contracts totaling approximately $2.6 billion.
Lynchburg-based BWXT taps new CHRO
Lynchburg’s BWX Technologies has appointed Gonzalo Cajade as chief human resources officer, effective June 1.
BWXT CFO steps down
Lynchburg-based nuclear components and fuel supplier manufacturer BWX Technologies announced that Robb A. LeMasters has stepped down from his position as executive vice president and chief financial officer. The company also announced that it has named chief accounting officer Mike T. Fitzgerald as the interim CFO.
Lawmakers grapple with Virginia’s increasing energy demand
Virginia faces a dilemma. Data center developers are clamoring to build in Virginia with the sort of zeal typically reserved for hipsters attempting to win admittance into secret speakeasies. Residents of some Virginia localities have fought mightily against data center growth, citing environmental concerns and increased demand for electricity, and county and state politicians have […]
Lynchburg’s BWXT unveils Innovation Campus
On Wednesday, Gov. Glenn Youngkin, federal and state officials and executives, engineers and employees of Lynchburg-based BWX Technologies gathered to celebrate the official opening of the nuclear company’s new Innovation Campus. “The IQ level in this room is really high,” Youngkin joked. Set on 11 acres in Campbell County, BWXT’s Innovation Campus (which shares a […]
BWXT wins $2.1B in U.S. Naval Nuclear Propulsion Program contracts
The U.S. Naval Nuclear Propulsion Program has awarded BWX Technologies contracts totaling about $2.1 billion, the Lynchburg-based nuclear components and fuel supplier manufacturer announced Wednesday. The contract involves nuclear reactor component manufacturing and material procurement for Columbia and Virginia class submarines and Ford class aircraft carriers. The work will be performed at the B[...]
Appalachian Power plans small nuclear reactor in Campbell
Appalachian Power, an electric utility subsidiary of American Electric Power which serves more than one million customers in Virginia, West Virginia and Tennessee, announced plans Thursday to bring a small modular nuclear reactor (SMR) project to Campbell County. The company, which has its headquarters in Charleston, West Virginia, has identified a potential site for the […]
Amazon, Dominion agree to explore nuclear development
With power consumption by data centers and AI projected to more than quadruple in Virginia in the next 15 years, Amazon.com and Dominion Energy Virginia have entered into an agreement to explore potential development of small modular nuclear reactors at North Anna Power Station in Louisa County, the two companies announced during an Oct. 16 […]
