AREVA

France’s state-owned utility EDF will snap up between 51% and 75% of troubled nuclear giant AREVA’s reactor business in a possible $2.96 billion deal.  While the French government owns about 87% of AREVA and 85% of EDF, the utility that operates the nation’s aging 58-reactor fleet, it has pledged to look at all options to […]

More trouble has been reported at one of the four European Pressurized Water Reactor (EPR) units currently under construction. AREVA announced on April 7 that chemical and mechanical testing conducted on a reactor vessel head and bottom similar to that of the Flamanville EPR (a 1,630-MW unit under construction on the west coast of the […]

The Nuclear Regulatory Commission (NRC) announced on Mar. 4 that, after completing an acceptance check, it has concluded that an application to certify the Advanced Power Reactor 1400 (APR1400) reactor design for use in the U.S. is complete enough to begin a full design certification review. The application—submitted collaboratively by Korea Hydro and Nuclear Power […]

French nuclear firm AREVA’s dismal financial results for 2014 are indicative of the continuing stagnation of nuclear operations, a lack of competitiveness, and the company’s difficulties in managing the risks inherent in large projects, CEO Philippe Knoche said today. The company reported a loss of €4.9 billion ($5.6 billion) for 2014 in line with a […]

France will look at all options in an attempt to overhaul its state-run nuclear industry, French Energy Minister Ségolène Royal told reporters on Monday, after AREVA reported a $5.6 billion loss for 2014.  The nuclear giant announced in a Feb. 23 statement that it expects a hefty €4.9 billion loss ($5.6 billion) for 2014. The […]

“Pivoting” is a popular business buzzword, particularly in the context of startups, which often quickly change strategic direction. The global nuclear industry isn’t exactly a startup, but it is at or

The AREVA-Siemens consortium that is building the Olkiluoto 3 nuclear reactor in Finland, and the plant’s owner, Finnish utility Teollisuuden Voima Oyj (TVO), have again increased claims and counterclaims for billions of dollars in costs and losses, which they say are caused by delays afflicting the world’s first EPR project. At the end of 2003, TVO […]

Kemper County Combined Cycle Unit Begins Commercial Operation. Mississippi Power on Aug. 14 marked a significant milestone and started commercial operation (on natural gas) of the combined cycle unit at the

The European Pressurized Reactor (EPR) under construction in Finland may not start operating until late 2018—putting the project nearly 10 years behind its initial schedule.  Finnish utility Teollisuuden Voima (TVO) said in a statement on Sept. 1 that the AREVA-Siemens consortium building Olkiluoto 3 had updated its schedule. The schedule review, which “has been going […]