Applied Atomics Secures Exclusive Land-Based License for mPower Small Modular Reactor Technology

Applied Atomics entered a licensing agreement with BWX Technologies, Inc. on June 17, 2026, gaining exclusive rights to use mPower small modular reactor technology for the commercial development and deployment of land-based nuclear facilities in the United States, Canada, and elsewhere. BWX Technologies retains ownership of the mPower intellectual property.

The company will hold exclusive manufacturing rights for all mPower components and royalty rights for any components manufactured by Applied Atomics or other third parties. mPower is designed as an integral pressurized light water reactor manufactured in a factory and shipped by conventional transportation. It is designed to generate 195 megawatts of electricity and 575 MWth of heat per reactor.

Its integrated steam generator design eliminates the primary coolant piping found in conventional nuclear plants. By housing all primary components in a single vessel, the mPower design attempts to remove a key failure mode.