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Global Nuclear Fuel Awarded $100+ Million Contract Extension - Agreement Extends GNF Fueling of Entergy’s Boiling Water Reactor Fleet - GE.com
Global Nuclear Fuel Awarded $100+ Million Contract Extension

 

NewswireToday - /newswire/ - Wilmington, NC, United States, 2015/06/08 - Agreement Extends GNF Fueling of Entergy’s Boiling Water Reactor Fleet - GE.com. NYSE: GE

   
 
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Entergy has extended a contract with Global Nuclear Fuel (GNF) to fuel the utility’s fleet of boiling water reactors through 2021.

The agreement is for eight fuel reloads two at each of Entergy’s boiling water reactors: FitzPatrick, Grand Gulf, Pilgrim and River Bend. The total value of the contract extension is more than $100 million.

“This extended period of fuel reloads will allow us to continue to bring value to Entergy’s operations and is a sign of the continued confidence the utility has in GNF,” said Amir Vexler, Chief Operating Officer of GNF-Americas.

GNF has a long-standing relationship with Entergy. GNF and its predecessor, the nuclear fuel division of GE, have provided several fuel reloads for Grand Gulf and River Bend and have exclusively fueled Pilgrim and FitzPatrick since the plants became operational in the 1970s.

In 2008 Entergy became the first utility to install reloads of the GNF2 fuel design. This spring, Entergy installed test assemblies for the latest GNF fuel design, GNF3, in the River Bend plant. Based on evolutionary design changes and advanced technology developed by GNF, the GNF3 fuel assembly design will provide customers with improved fuel economics, increased performance and flexibility in operation while maintaining the superior reliability of GNF2, the most reliable design in GNF’s history.

Fuel for the Entergy plants will be fabricated by GNF at its state-of-the-art facility in Wilmington, N.C.

About GNF
Global Nuclear Fuel (GNF) is a world-leading supplier of boiling water reactor fuel, including uranium dioxide and MOX fuel and fuel-related engineering services. GNF is a GE-led joint venture with Hitachi, Ltd. and Toshiba Corporation and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co. Ltd. in Kurihama, Japan.

About GEH
Based in Wilmington, N.C., GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactors and nuclear services. Established in June 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.

 
 
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Written by / Agency / Source: General Electric Company

 
 

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Global Nuclear Fuel Awarded $100+ Million Contract Extension

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GE Hitachi Nuclear Energy | Global Nuclear Fuel
Publisher Contact: Jon Allen - GE Hitachi Nuclear Energy 
910-819-2581 Jonathan.Allen1[.]ge.com
 
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