Corporate rss

Westinghouse reassures Summer plant owners

15 February 2017

Vogtle_3_CA01_lift_(SCE&G)-48Westinghouse Electric Company and its "parent guarantor" Toshiba Corp are committed to completing the two new Westinghouse AP1000 nuclear power units under construction in Jenkinsville, South Carolina. SCANA Corp said yesterday its main subsidiary, South Carolina Electric & Gas Company, and VC Summer Nuclear Station co-owner, Santee Cooper, had received this "reaffirmation".

EDF sees record UK output as French drops

14 February 2017

French utility EDF today announced its financial results for 2016, noting inspections of steam generators at some of its reactors in France led to a year-on-year drop in output of almost 8%. Output from its British reactors was, however, at a record high.

JNFL, MHI agree terms for buying into NewCo

03 February 2017

France's Areva has reached agreements with both Japan Nuclear Fuel Limited (JNFL) and Mitsubishi Heavy Industries (MHI) on the main terms of their respective acquisition of 5% stakes in its nuclear fuel cycle activities. The operations are being split from Areva's reactor business into a new entity, referred to as 'NewCo'.

Rolls-Royce sees civilian nuclear power growth

14 February 2017

Rolls-Royce said today the long-term outlook for its nuclear business was positive with renewed activities in the civilian market. There are "encouraging opportunities" in the UK and China in particular, alongside its nuclear submarine activities, the company said on the release of its 2016 financial results.

NuGen confirms Toshiba commitment to Moorside

14 February 2017

Toshiba Corp is committed to Moorside despite announcing today it would reduce its exposure to reactor construction projects outside Japan, the head of its UK joint venture, NuGeneration, has said. The Japanese electronics conglomerate reported a net loss of JPY390 billion ($3.4 billion) in the year to March 2017 and said it would book a JPY712.5 billion ($6.3 billion) loss on its US nuclear unit.

Diversity key to facing future nuclear industry challenges

01 February 2017

The nuclear energy industry must demonstrate improved gender diversity to ensure it has the best talent to meet the challenges it faces, speakers at the Women in Nuclear UK conference in London said today.