|Westinghouse Electric Company and Ameren Missouri co-hosted an economic summit for the state of Missouri on the campus of the University of Missouri on July 23, 2012.
Held at the Christopher S. Bond Life Sciences Center, the summit highlighted the economic development opportunities of developing, manufacturing, constructing and commercializing the next generation Westinghouse Small Modular Reactor (SMR) at Ameren Missouri’s Callaway Energy Center.
Ameren Missouri is supporting Westinghouse in its application to secure Department of Energy (DOE) SMR investment funds of up to $452 million that will be awarded to promising SMR projects. A final decision on awarding the investment funds by the DOE is expected in late summer 2012.
Warner Baxter, chairman, president and CEO, talks about the economic benefits of developing, manufacturing, constructing and commercializing the Next-Generation Small Modular Reactor (SMR) in the state of Missouri.
“Securing the DOE investment funds positions Missouri for a transformational economic development opportunity, which includes becoming the hub for the engineering design, development, manufacturing and construction of American-made SMR technology in the United States and around the world,” said Warner Baxter, president and CEO of Ameren Missouri. “By co-hosting this summit, we reiterate our commitment to work diligently with all our key stakeholders, including Governor Nixon, to capitalize on this unique opportunity that will help secure our state’s and country’s energy future and create sustainable, clean energy jobs right here at home.”
Some of the speakers included Missouri Governor Jay Nixon; members of the Missouri Senate and House of Representatives; University of Missouri President Tim Wolfe; University of Missouri Chancellor Brady Deaton; Joseph Hezir of EOP Group, Inc.; James Moss of the United Association of Plumbers and Pipefitters; and, Alex Flint of the Nuclear Energy Institute. These and other speakers, including representatives from Westinghouse and Ameren Missouri, shared a path forward for this economic development opportunity.
Westinghouse Chief Technology Officer and Senior Vice President of Research and Development Dr. Kate Jackson said of the collaboration: “Westinghouse and Ameren Missouri have an unmatched commitment to achieving the set objectives of the DOE’s funding opportunity. There is no stronger team with more robust corporate histories, financial foundations, and operational excellence. Our companies represent energy industry leaders with the strongest backing from every electric energy provider in the state, other utility participation group members, the state of Missouri, including Governor Nixon, labor unions, elected and university officials, and a host of economic development, business and industry leaders who are strongly supporting our team with the best capabilities.”
The summit demonstrated how well positioned the state of Missouri is to capitalize on this transformational economic development opportunity. It also highlighted the potential job creation from the commercialization of American-made SMRs, including a recent study that estimates the 10-year economic impact associated with the design, licensing, manufacturing and installation of the first Westinghouse SMR to be approximately $3 billion, creating and or sustaining approximately 9,500 direct and 9,100 indirect U.S. jobs.