Mirion Technologies Awarded Strategic Design Contract For X-Energy's Small Modular Reactor
Portfolio Pulse from Happy Mohamed
Mirion Technologies (NYSE:MIR) has announced a strategic design contract with X-Energy Reactor Company, LLC. Mirion will provide design support for the Burn Up Measurement System (BUMS), a key system for the fuel cycle of the Xe-100 high-temperature gas-cooled reactor. The BUMS is designed to maximize nuclear fuel utilization and minimize waste. Testing of the BUMS prototype is expected to begin in 2024, with the first operational units starting in 2025.
August 15, 2023 | 12:16 pm
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Mirion Technologies has entered into a strategic partnership with X-Energy, which could potentially boost its revenues and market position in the long run.
The partnership with X-Energy could potentially open up new revenue streams for Mirion Technologies, as it will provide design support for a key system in the Xe-100 reactor. This could enhance its market position and lead to a positive impact on its stock price in the short term.
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