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Metal Powder Works Ltd (ASX:MPW) has entered an agreement with Westinghouse Electric Company which will allow the latter to assess MPW’s metal powders for use in components for the nuclear sector.
Initial testing of the metal powders has already been conducted, and this contract brings MPW and Westinghouse into a more comprehensive stage of assessment, and underscores the growing importance of additive manufacturing in the global nuclear market.
This market has been evaluated at more than USD$36.72 billion in 2025, encouraged by the push for carbon-free energy and small modular reactor (SMR) deployments.
Within this, the CAGR (compound annual growth rate) of the additive manufacturing market in nuclear applications is expected to grow by more than 20% through 2030, providing MPW with positive expectations for its future.
This company has previously engaged with several major industrial and government partners, and continues to test its powders with prospective customers in aerospace, defence, and energy sectors, with efforts continuing to secure additional commercial contracts as part of its strategic rollout.
Co-founder and managing director John Barnes said the contract was an important milestone for MPW.
“The nuclear sector places some of the most stringent demands on material quality, and reflects the precision and reliability of our DirectPowder™ process,” he said.
“We believe additive manufacturing has a transformative role to play in next-generation nuclear technologies, and we are proud to be assessed by an industry leader to help deliver those solutions.”
MPW has been trading at 46 cents.
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