16th Apr 2026 15:09
(Alliance News) - Avingtrans PLC on Thursday reported "strong growth prospects" for its Advanced Engineering Systems division, after it secured orders worth more than GBP10 million.
Since the start of 2026, the engineering firm's AES division, which has a strong heritage in the nuclear engineering sector, received over GBP10 million orders for nuclear applications.
Orders include a GBP3 million contract for a Reactor Water Cleanup Pump for the Iberdrola Cofrentes Nuclear Power Plant in Spain.
The Cambridgeshire-based company also reported a series of long-lead orders of prototype pumps for "next generation, smaller-scale nuclear technology projects" alongside announcing "a growing pipeline of opportunities which support current market expectations."
Austen Adams, chief operating officer, said that Avingtrans is seeing "a renewed desire to develop new-build nuclear as a sustainable, decarbonised energy source. This has only accelerated in the wake of recent geopolitical instability, with countries around the world seeking to reduce their reliance on third-countries for their energy supplies."
"Avingtrans' businesses are already well advanced developing prototypes for one of the world's leading SMR companies and we expect this to be just the start of a significant increase in market activity across the industry," he added.
Shares in Avingtrans were up 7.8% to 625.00 pence in London on Thursday afternoon.
By Joseph Rodgers, Alliance News reporter
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