Paragon Energy Solutions acquired by Mirion

Paragon Energy Solutions is a leading provider of highly engineered, safety-critical systems and solutions for the nuclear power industry. The firm specializes in the design, qualification, and manufacturing of critical instrumentation and control systems that support both the legacy operating nuclear fleet and the next generation of Small Modular Reactors (SMRs). Its core business model centers on commercial-grade dedication and qualification services, ensuring that vital nuclear parts meet rigorous safety and regulatory standards. With an extensive portfolio of over 20,000 proprietary parts and a team of specialized engineers, the firm serves as an essential link in the nuclear supply chain for OEMs, government agencies, and utility operators. The company’s value proposition is built upon its deep integration into the nuclear ecosystem, with its systems present in the vast majority of North American nuclear reactors. Paragon differentiates itself through its technical leadership in digital Reactor Protection Systems, providing mission-critical safety platforms that are essential for the ongoing digitalization of aging fleets. As the industry pivots toward the nuclear renaissance, the firm has positioned itself as an early mover in the SMR space, securing "designed-in" status with multiple well-capitalized SMR OEMs.