Press Release

Global Nuclear Fuel Extends Joint Venture Agreement with ENUSA

WILMINGTON, North Carolina—February 5, 2019—Global Nuclear Fuel (GNF) announced today the signing of an agreement with ENUSA Industrias Avanzadas S.A. S.M.E (ENUSA) to extend the GNF ENUSA Nuclear Fuel S.A. (GENUSA) joint venture.

Incorporated in 1996, GENUSA markets and sells nuclear fuel to boiling water reactor (BWR) operators across Europe. The agreement will extend the operation of GENUSA for an additional six years.

“GNF is committed to the BWR market worldwide and we are pleased to continue to provide customers in Europe with state-of-the-art fuel technology and services by extending the GENUSA joint venture,” said Amir Vexler, CEO of GNF and president of the GENUSA Board of Directors.

“Extending the GENUSA joint venture with GNF is very important for ENUSA because it provides stability to our relationship at a time when GENUSA has the majority share of the European BWR fuel market,” said Roberto González, Business Development & Technology Director at ENUSA and member of the GENUSA Board of Directors.

In 2018, GENUSA was awarded contracts to manufacture fuel for the Olkiluoto Nuclear Power Plant in Eurajoki, Finland and for two of the three units at the Forsmark Nuclear Power Plant near Forsmark, Sweden. Fuel for these plants is being manufactured by ENUSA in Spain at its Juzbado nuclear fuel fabrication facility. ENUSA has manufactured and delivered nearly 11,000 fuel bundles for customers in Europe since the Juzbado facility began operating in 1985.