Global Nuclear Fuel Awarded $250 Million-Plus Contract to Fuel Entergy Nuclear Boiling Water Reactors

WILMINGTON, North Carolina (May 22, 2018) — Global Nuclear Fuel (GNF) today announced that it has been awarded a long-term contract by Entergy Nuclear to continue to fuel its boiling water reactors.

The new fuel supply contract, valued at more than $250 million, runs from 2019 through 2031 and includes 10 reloads of GNF3. Entergy will be the first customer to take delivery of GNF3 in reload quantities.

“Entergy and GNF have a long successful history of working together, but it is the opportunity to support the Entergy Nuclear fleet’s bright future that makes us excited about this new agreement,” said Amir Vexler, CEO of GNF. “With this extended period of fuel reloads, we are pleased to be in a position to continue our long-standing relationship with our valued customer by fueling their BWRs for the next decade with GNF3, our newest, most advanced fuel product.”

Based on advanced technology developed by GNF, the GNF3 fuel assembly is designed to offer customers improved fuel cycle economics, increased performance and flexibility in operation and further improve on the reliability of GNF’s previous product lines.

GNF3 lead use assemblies have been operating in several U.S. nuclear power plants, including four lead use assemblies in Entergy’s River Bend Nuclear Station in St. Francisville, Louisiana since 2015.

“We are pleased to continue our partnership with Global Nuclear Fuel to receive fuel for our nuclear reactors,” said John Elnitsky, senior vice president, Engineering and Technical Services, Entergy Nuclear. “Being able to use one of the newest, most advanced fuel products on the market fits well with our strategies for achieving excellence in fuel reliability and gaining efficiencies for our customers.”

In 2019, Entergy’s River Bend nuclear facility will become the first plant in which GNF3 will be installed in reload quantities. GNF3 will be installed in reload quantities at Grand Gulf Nuclear Station in Port Gibson, Mississippi, in 2020. GNF has fueled Entergy’s Grand Gulf and River Bend reactors continuously since 2008.

GNF3 is fabricated with GNF’s latest technology at the company’s state-of-the-art facility in Wilmington, North Carolina.