With firms such as Framatome and BWX Technologies headquartered in the City, Lynchburg is the leading nuclear technology cluster in the U.S. The Lynchburg area has a storied history of nuclear technology capability, starting with the original Babcock & Wilcox (B&W) facility opening in 1955. Decades later, Framatome (formerly AREVA) and B&W jointly opened the Operational Center of Excellence for Nuclear Products and Services in North America. In 2015, Babcock and Wilcox founded BWX Technologies to focus on nuclear operations. As nuclear technology and innovation forms a larger impact on alternative power generation, biotechnology, cybersecurity, and other sectors, the opportunity to grow and expand Lynchburg’s nuclear technology sector is substantial. Not to mention, the sector has the potential to enhance Lynchburg’s brand and competitive identity by associating the City with innovation and emerging technologies.
Defining the Sector
Our analysis used the following NAIC codes to define the cluster:
- Power Boiler and Heat Exchange Manufacturing (332410)
- Power, Distribution, and Specialty Transformer Manufacturing (335311)
- Engineering Services (541330)
- Other Scientific and Technical Consulting Services (541690)
- Power and Communication Line and Related Structures Construction (237130)
- Other Heavy and Civil Engineering Construction (237990)
Competitive Advantages and Key Takeaways
Our analysis of the City of Lynchburg’s Nuclear Technology cluster yielded the following key takeaways:
- Strong export cluster with the potential to position Lynchburg as a center for new and emerging technologies.
- Approximately 27 firms with similar capabilities or suppliers. With an LQ of 1.34, the cluster is 34 percent greater than the U.S. average.
- Around 2,200 workers (nearly 8 times the national average). • Competitive advantages include: Power Boiler and Heat Exchange Manufacturing (LQ 24.09); Power, Distribution, and Specialty Transformer Manufacturing (25.05); and Engineering Services (4.10).
The City of Lynchburg’s Nuclear Technology cluster will need to draw upon skilled engineering, science and research, software/tech, and power generation talent:
- Nearly 2,000 Lynchburg workers have the foundational skills needed to participate in the City’s Nuclear Technology Cluster.
- Strong talent advantages in chemical engineering (LQ 4.70), electrical engineering (3.29), civil engineering (2.61), semiconductor processing (1.63), industrial engineering (1.58), and physics (1.28).
- Lynchburg’s electronic components skill base is 85 percent larger than the U.S. average.
- The cluster’s talent base is expected to grow approximately 2 percent by 2023.
- On average, workers with skills for this section earn $60,000 annually.
- Education levels required for this cluster include a college degree and technical training.