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BridgePower Nuclear — confidential, preliminary, not for public distribution.
We don't ask you to choose between capacity now and clean power later. BridgePower contracts for both in a single structure — gas dispatched in year one, Pearl SMRs phased in, and the site running the whole way through.
Every modern SMR hits the same three walls: HALEU bottlenecks, heavy-forging supply chains, and stick-built EPC cost blowouts. Pearl is designed from the outset to avoid all three — with a fully characterised supply chain, validated physics, and a completed FEL-1 baseline already in hand.
Short lead times. SA-533 rolled plate pressure vessel — no heavy forgings, fully U.S.-manufactured.
Fuel supply certainty. Natural uranium eliminates HALEU/LEU+ enrichment bottlenecks entirely.
Factory-built. 100% manufactured in controlled facilities — minimal EPC, no construction-site bottlenecks.
COTS technology. Commercial off-the-shelf components — no exotic materials, graphite, or specialised manufacturing.
Validated core physics. MCNP/WIMS analyses confirm criticality performance with natural uranium.
Established supply chain. Isowater (D₂O), Industeel (SA-533 plate), Tranter (PCHE heat exchangers).
Completed baseline. FEL-1 cost estimate, schedule, and mass & energy balances already developed.
Centralised O&M. Fleet-wide remote oversight; sites swap cartridges, not run nuclear ops.
Pearl is the rare nuclear asset that sells two things: clean electricity under long-term offtake, and Mo-99 medical isotopes — a supply-constrained, premium-priced co-product with weekly U.S. shortages. The second revenue line pushes EBITDA margins into the 40–50% range.
| Line item | Value |
|---|---|
| CAPEX (per module) | $85 M |
| Annual O&M | $7 M |
| LCOE | $90 – 120 / MWh |
| Electricity revenue | ~$12 – 15 M / yr |
| Mo-99 upside | $10 – 20 M / yr |
| EBITDA (indicative) | $5 – 8 M / yr |
Dual-product revenue. Medical isotopes + electricity — a second, premium revenue line that’s structurally short.
Ultra-low on-site staffing. Centralised O&M hub drives fleet-level unit economics down as modules scale.
Factory-built natural-U design. Faster to deploy, cheaper to scale, and insulated from enrichment cycles.
A phased capital plan aligned to engineering milestones — not spec. Each round unlocks a specific gate, from completed FEL-2 to fabrication start.
FEL-2 close-out, licensing kickoff, MOU site selection.
Factory setup, long-lead plate steel, first gas block deployment.
First Pearl module fabrication, central O&M hub, second site.
Hybrid site dispatching gas + Pearl + TES.
A concrete 0–24 month plan. We run it in parallel with you — one team, shared milestones.
Define partnership structure, project framework, information flow between JV members and partner.
Grid, permitting, water/air cooling, co-location strategy with your existing or planned load.
Gas → nuclear transition economics. CAPEX, OPEX, phased deployment plan — site-specific.
Lock in long-term offtake for the gas phase; embed nuclear transition pricing pathway.
Immediate capacity for data centre or industrial load. Grid-tied or behind-the-meter.
Licensing, factory setup, module production, phased replacement and hybridisation with Pearl reactors.