Kiewit exec sees $1B opportunity in nuclear construction

[Marlin]

Kiewit exec sees $1B opportunity in nuclear construction

https://www.constructiondive.com/news/kiewit-exec-billion-opportunity-nuclear-construction/828695/

[Core Content]

Kiewit expects its nuclear construction revenue to reach one billion dollars annually as demand for carbon-free baseload power grows. The contractor currently manages over 10 commercial nuclear projects and a dozen Department of Energy initiatives. Company leadership attributes this expansion to data center power needs and aging fossil fuel plant retirements.

Industry growth relies on integrating engineering, procurement, and construction phases to manage risks associated with first-of-a-kind technologies. Because the NQA-1 supply chain for safety-related components faces significant stress, firms like Kiewit are preparing to perform their own commercial grade dedication. This shift aims to bridge the gap between standard commodity availability and strict nuclear quality requirements.

Mike Rinehart, president of nuclear solutions at the firm, talks about the resurgence of nuclear construction, project execution and headwinds.

Kiewit expects its nuclear construction work to accelerate into a billion-dollar business.

The Omaha, Nebraska-based general contractor's nuclear revenue has roughly doubled year over year since 2022, Mike Rinehart, president of the firm's nuclear solutions, told Construction Dive. The contractor now has more than 10 commercial nuclear projects underway, in addition to a dozen projects under Department of Energy programs, he said.

Read the full article at Construction Dive:
https://www.constructiondive.com/news/kiewit-exec-billion-opportunity-nuclear-construction/828695/