Stock Track | Mirion Technologies Soars After Securing Major Contracts for Sizewell C Nuclear Power Project

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Mirion Technologies (NYSE: MIR), a leading provider of radiation safety solutions, saw its stock surge 8.81% in after-hours trading on October 29, 2024, following the announcement of two significant contract wins for the Sizewell C nuclear power station project in the UK.

The first contract involves the supply of Electrical Penetration Systems (EPS), which enable secure passage of cables through the reactor's containment walls while providing a reliable seal and uninterrupted electrical circuits. The second contract is for the provision of Boron Meter Systems, essential for measuring boron concentration in water to control nuclear reaction levels within the light water nuclear power plant.

Sizewell C, a 3.2-gigawatt power station based in East Suffolk, is expected to generate low-carbon electricity for approximately 6 million homes. The project, leveraging EDF expertise and European Pressurised Reactor (EPR) technology, mirrors the design of the Hinkley Point C nuclear power station currently under construction in Somerset.

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