Metal Powder Works (ASX: MPW) has entered into an agreement with Westinghouse Electric, a significant step towards supplying high-quality metal powders for additively manufactured components within Westinghouse’s nuclear energy operations. The contract underscores the increasing importance of additive manufacturing in the nuclear sector, a market analysts forecast to exceed US$36 billion by year-end, with a compound annual growth rate exceeding 20% through 2030.
Metal Powder’s managing director, John Barnes, highlighted the stringent material quality demands of the nuclear sector. Metal Powder Works leverages its patented DirectPowder technology, which converts premium bar stock into high-quality metal powders without heat. This non-thermal method provides higher yields of approximately 95% and can reduce energy usage and carbon dioxide emissions significantly, compared to traditional atomization methods. MPW commenced trading on the ASX in March through a reverse merger with K-TIG, raising $10 million at $0.20 per share.
