BWXT Nuclear Energy Canada
BWXT Nuclear Energy Canada is a wholly-owned subsidiary of BWX Technologies (NYSE: BWXT) that manufactures CANDU nuclear fuel bundles, fuel channel components, and large nuclear components for Canadian and international nuclear utilities, with 60+ years of operating history.
- Company typePublic
- Founded2015
- HeadquartersPeterborough, Canada
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What BWXT Nuclear Energy Canada does
BWXT Nuclear Energy Canada Inc. (BWXT NEC) is a Canadian subsidiary of BWX Technologies, Inc. (NYSE: BWXT) and the company's primary platform for commercial CANDU nuclear fuel manufacturing and nuclear component production. The business supplies natural uranium fuel bundles (CANDU 37e regular, CANDU 37e long, and CANDU 28e variants) and fuel channel components to Canadian nuclear utilities including Ontario Power Generation and Bruce Power, with over 500,000 fuel bundles delivered historically and 60+ years of operating history. Facilities span Peterborough (CANDU fuel bundle manufacturing, 400+ employees including 150+ engineers), Toronto (fuel pellet production from natural uranium dioxide supplied by Cameco), Cambridge, Ontario (Commercial Operations headquarters and home to one of the world's largest nuclear clean rooms for nuclear component assembly), and Oakville (precision nuclear-grade machining).
BWXT NEC's commercial operations sit within a much larger BWXT group portfolio that includes U.S. naval nuclear propulsion manufacturing (sole-source supplier of 350+ naval reactors and 420+ reactor cores for U.S. Navy submarines and aircraft carriers), NRC Category 1-licensed HEU processing and downblending for LEU/HALEU production, proprietary TRISO fuel manufacturing, advanced microreactor and SMR programs (Project Pele, BANR, BWRX-300 components, TerraPower Natrium), nuclear medicine (BWXT Medical), and complex site operations including DOE/NNSA site management and environmental remediation. The group operates 17 manufacturing facilities globally plus 14 strategic partnerships across the U.S. and Canada.
Revenue is generated primarily through long-term government defense contracts and direct enterprise sales to commercial nuclear utilities, with hardware sales (naval reactor components, CANDU fuel bundles, steam generators, heat exchangers) and professional services (engineering, owner's engineer services, field services) as the main revenue models. Pricing is not publicly disclosed and is generally negotiated on a contract-by-contract basis tied to nuclear-grade specifications. GTM is enterprise field sales targeting U.S. Naval Nuclear Propulsion, U.S. DoD, U.S. DOE, and commercial nuclear utilities, with additional international new-build engineering services (e.g., Bulgaria's Kozloduy Units 7 & 8). Customer concentration is heavily skewed toward U.S./Canadian government and government-owned utility counterparties.
BWXT Nuclear Energy Canada firmographics
Firmographics- Name
- BWXT Nuclear Energy Canada
- Legal name
- BWX Technologies, Inc.
- Website
- https://bwxt.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- BWXT Nuclear Energy Canada is a wholly-owned subsidiary of BWX Technologies (NYSE: BWXT) that manufactures CANDU nuclear fuel bundles, fuel channel components, and large nuclear components for Canadian and international nuclear utilities, with 60+ years of operating history.
- Ownership category
- akta.pro rank
BWXT Nuclear Energy Canada industry classification
Industry- Product category
- Nuclear Fuel and Components Manufacturing
- NAICS
- Power Boiler and Heat Exchanger Manufacturing (33241), Power Boiler and Heat Exchanger Manufacturing (332410), Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Nuclear Electric Power Generation (221113)
- SIC
- Engines & Turbines (3510), X-Ray Apparatus & Tubes & Related Irradiation Apparatus (3844)
- akta.pro primary industry
- Fuel Fabrication (UO2 Fuel Pellets, Rods & Assemblies) (EUAKACAF)
- akta.pro secondary industries
- Nuclear Steam Supply System Components & Turbine Islands (IMAHAFAG), Reactor Refueling & Fuel Handling Systems (Cranes, Machines, Transfer Systems) (EUAKADAN), Research & Test Reactor Operations (Non-Commercial Power) (EUACADAH), Spent Fuel Management Engineering, Consulting & Digital Tools (Thermal/Shielding/Criticality, QA) (EUAKAHAL)
Keywords
Where BWXT Nuclear Energy Canada is headquartered
LocationHeadquarters
- HQ city
- Peterborough
- HQ country
- Canada
- HQ region
- North America
Offices12 records
Markets served
BWXT Nuclear Energy Canada business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Infrastructure, Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- U.S. Naval Nuclear Propulsion Program: Long-term contracts for manufacturing nuclear reactor components and fuel for U.S. Navy submarines and aircraft carriers. Awarded $1.4 billion in contracts in May 2026 covering long-lead material procurement and manufacturing.
- DOE/DOD Government Contracts: Various government contracts for nuclear services including environmental management, site operations, and defense nuclear fuel facilities. Includes $21.4 million DOE funding for SMR supply chain development.
- Commercial Nuclear Components: Manufacturing and sale of commercial nuclear components including steam generators, heat exchangers, reactor components for CANDU and other reactor types worldwide.
- CANDU Fuel Supply: Manufacturing and supplying CANDU fuel bundles for Canadian nuclear power stations, with over half a million fuel bundles delivered historically.
- Nuclear Medicine Products: Development and manufacturing of nuclear medicine products for diagnostic imaging and radiotherapeutic treatments through BWXT Medical subsidiary.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
BWXT Nuclear Energy Canada product offering
Product offeringCore offering
BWXT Nuclear Energy Canada manufactures and supplies CANDU nuclear fuel bundles and fuel channel components, and provides nuclear-grade equipment, parts, and field/engineering services to the Canadian nuclear power industry. The subsidiary operates from facilities in Peterborough, Toronto, and Oakville, Ontario, with over 400 employees and 150+ engineers producing fuel for Canadian CANDU reactors and precision components for nuclear utilities.
Product overview
BWXT Nuclear Energy Canada is a nuclear solutions provider with a diversified portfolio spanning nuclear fuel (TRISO, CANDU, HEU/HALEU), small modular reactors and microreactors (Project Pele, BANR, BWRX-300), nuclear components (steam generators, heat exchangers, reactor components), and nuclear services (operations management, field services, environmental cleanup). The company operates through multiple segments including Defense and Space (naval propulsion, microreactors, space power), Nuclear Energy (components, SMRs, field services), Nuclear Fuel (TRISO, HEU, CANDU fuel, Nuclear Fuel Services), Nuclear Medicine (BWXT Medical subsidiary), and Complex Site Operations. BWXT Nuclear Energy Canada Inc. (BWXT NEC), its Canadian subsidiary, focuses on CANDU fuel manufacturing and fuel handling systems for the Canadian nuclear industry, with facilities in Peterborough, Toronto, and Oakville, Ontario.
Differentiator
Problem solved
Functional benefit
Brands
- BWXT Medical: Nuclear medicine business developing, manufacturing and delivering products for diagnostic imaging and radiotherapeutic treatments that improve patient outcomes worldwide.
- Project Pele
- BANR
Products and services
- CANDU Fuel Fuel bundles for CANDU nuclear reactors including CANDU 37e regular, CANDU 37e long, and CANDU 28e variants, manufactured at facilities in Peterborough and Toronto, Ontario for Canadian nuclear power utilities.
- Steam Generators Large nuclear steam generators for commercial and naval nuclear power applications, manufactured at BWXT's Cambridge, Ontario facility with one of the world's largest nuclear clean rooms.
- Heat Exchangers
- Reactor Components
- Waste Containers
- Kits Program
- Field & Engineering Services
- BWXT Nuclear Energy Canada (BWXT NEC) Subsidiary of BWXT Canada Ltd. with over 60 years of experience supplying nuclear fuel, fuel channel components, services, equipment and parts for the Canadian CANDU nuclear power industry.
Quantifiable outcome
- 420+ nuclear reactor cores delivered to U.S. Navy over 70+ years
- +3 more outcomes
Companies that use BWXT Nuclear Energy Canada
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles2 records
BWXT Nuclear Energy Canada technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
BWXT Nuclear Energy Canada partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Antares Nuclear Inc.coreBWXT manufactures TRISO nuclear fuel for Antares' Mark-0 microreactor, enabling first successful criticality milestone under DOE's Reactor Pilot Program. BWXT also processed HALEU feedstock from NNSA scrap materials. Partnership continues as Antares progresses from criticality to commercial deployment.
- L&H IndustrialminorPartnership for manufacturing nuclear components in Wyoming. L&H Industrial positioned to supply parts and equipment for nuclear projects while BWXT invests $500 million in nuclear fuel facility near Gillette starting 2028.
- NASAcoreKate Kelly, President of BWXT Advanced Technologies, highlighted 8 years of collaboration with NASA including 100+ cold-flow tests on nuclear thermal propulsion at NASA's Marshall Space Flight Center. Aligned government-industry partnership advancing space nuclear technology.
- Precision Components GroupcoreDefinitive agreement for BWXT to acquire Pennsylvania-based manufacturer of complex heavy-walled and heat-transfer components for nuclear industry. Acquisition adds 500,000+ sq ft manufacturing space, 400+ employees, ~$125M annual revenue. Expected to close H2 2026.
- Laurentis Energy PartnerscoreThree-party consortium (with Canadian Nuclear Partners S.A.) serving as owner's engineer for Bulgaria's Kozloduy nuclear power plant Units 7 & 8. Contract spans up to ten years valued at hundreds of millions of euros. BWXT provides engineering expertise for Westinghouse AP1000 reactor deployment.
- Rolls-Royce SMRcoreStrategic partnership through Memorandum of Understanding to advance small modular reactor development globally. BWXT will supply three steam generators per unit for Rolls-Royce's 470 MWe pressurized water reactor. Companies outlined localization strategy with supplier days in UK and Czech Republic.
- BWXT New Commercial Nuclear Fuel SubsidiarycoreLaunch of new subsidiary dedicated to delivering commercial nuclear fuel for advanced nuclear reactors, aiming to serve anticipated growth in advanced reactor deployments.
- KinectricscoreAcquisition of Kinectrics completed to expand commercial nuclear production capacity in Canada, supporting growing demand across North America.
Scale indicators11 records
Recent moves12 records
Expansion highlights7 records
BWXT Nuclear Energy Canada competitors and assessment
Company assessmentDirect peers
- Framatome: France-based nuclear reactor, fuel, and services supplier with strong overlap in steam generators, reactor components, fuel fabrication, and field services — directly comparable product portfolio to BWXT's commercial nuclear and fuel businesses.
- Curtiss-Wright Corporation: Supplies nuclear-qualified components, reactor instrumentation, and naval nuclear equipment, directly overlapping BWXT's component manufacturing and naval propulsion segments.
- Cameco Corporation: Canadian uranium supplier that provides natural uranium dioxide feedstock for BWXT's Toronto CANDU fuel pellet facility, and operates in the same CANDU fuel cycle — making it both a key supplier and direct competitor in nuclear fuel.
- Westinghouse Electric Company: Designer and supplier of commercial nuclear reactors (AP1000) and nuclear fuel, with overlapping work on SMRs, fuel fabrication, and engineering services that BWXT supports (e.g., Bulgaria Kozloduy owner's engineer role supporting AP1000 deployment).
- GE Hitachi Nuclear Energy: Designer of the BWRX-300 SMR for which BWXT manufactures the reactor pressure vessel; historically the JV partner from which BWXT acquired the Canadian operations that became BWXT Nuclear Energy Canada.
Emerging players
- Holtec International: Developer of the SMR-160 small modular reactor and major provider of nuclear spent fuel storage and transport systems — overlapping with BWXT's spent fuel storage and advanced reactor ambitions.
- X-energy: Developer of the Xe-100 high-temperature gas reactor and TRISO-X fuel; competes with BWXT in advanced reactor fuel supply, particularly for DOE advanced reactor demonstration programs.
- Ultra Safe Nuclear Corporation: Developer of micro modular reactors and TRISO-based fully ceramic microencapsulated fuel; an emerging competitor to BWXT in advanced fuel manufacturing and microreactor deployment.
Others
- TerraPower: Customer of BWXT for Natrium reactor components; a leading advanced reactor developer where BWXT is a tier-1 supplier, making it a partner-with-overlap peer in advanced nuclear commercialization.
- Rolls-Royce SMR: Strategic partner purchasing steam generators from BWXT for its 470 MWe SMR in UK and Czech Republic; competes with BWXT-adjacent SMR ecosystems while serving as a major customer for BWXT components.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
BWXT Nuclear Energy Canada social profiles
Digital presenceBWXT Nuclear Energy Canada financial estimates
Financial estimateRevenue estimate
Valuation estimate
BWXT Nuclear Energy Canada leadership team
Management profileNumber of profiles
Profiles6 records
BWXT Nuclear Energy Canada subsidiaries and ownership
Company hierarchySubsidiaries5 records
BWXT Nuclear Energy Canada funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BWXT Nuclear Energy Canada M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BWXT Nuclear Energy Canada
What does BWXT Nuclear Energy Canada do?
BWXT Nuclear Energy Canada manufactures and supplies CANDU nuclear fuel bundles and fuel channel components, and provides nuclear-grade equipment, parts, and field/engineering services to the Canadian nuclear power industry. The subsidiary operates from facilities in Peterborough, Toronto, and Oakville, Ontario, with over 400 employees and 150+ engineers producing fuel for Canadian CANDU reactors and precision components for nuclear utilities.
Is BWXT Nuclear Energy Canada a public or private company?
BWXT Nuclear Energy Canada is a public company. It is classified as public and is currently operating.
When was BWXT Nuclear Energy Canada founded?
BWXT Nuclear Energy Canada was founded in 2015. It employs 5,001 to 10,000 people.
Where is BWXT Nuclear Energy Canada based?
BWXT Nuclear Energy Canada is headquartered in Peterborough, Canada, in the North America region.
How does BWXT Nuclear Energy Canada make money?
Five revenue lines are on record. U.S. Naval Nuclear Propulsion Program is the primary driver. The others are DOE/DOD Government Contracts, commercial Nuclear Components, CANDU Fuel Supply and nuclear Medicine Products.
Who are BWXT Nuclear Energy Canada's main competitors?
Direct peers on record are Framatome, Curtiss-Wright Corporation, Cameco Corporation, Westinghouse Electric Company and GE Hitachi Nuclear Energy. Emerging players are Holtec International, X-energy and Ultra Safe Nuclear Corporation. Others are TerraPower and Rolls-Royce SMR.
Does BWXT Nuclear Energy Canada have an API?
No public API is recorded for BWXT Nuclear Energy Canada.
What industry is BWXT Nuclear Energy Canada in?
BWXT Nuclear Energy Canada's product category is Nuclear Fuel and Components Manufacturing. Its primary akta.pro industry code is EUAKACAF, Fuel Fabrication (UO2 Fuel Pellets, Rods & Assemblies), with a secondary code of IMAHAFAG, Nuclear Steam Supply System Components & Turbine Islands. Its NAICS code is 33241 and its SIC code is 3510.