Applied Atomics, a growing nuclear energy company, announced an $8.2 million investment to establish its corporate headquarters, technical operations and training center in New Orleans.
The company designs, builds and operates nuclear fission power plants that use specialized modular mPower reactors to generate electricity. Applied Atomics recently entered into a licensing agreement with BWX Technologies, the producers of the mPower reactors. The mPower reactors leverage proven light-water technology, the same technology that has powered the U.S. electrical grid for decades.
According to Ben Kellie, Applied Atomics CEO and co-founder, mPower’s pragmatic design saves time and reduces expenses…