EDF

EDF’s board of directors made a final investment decision on July 28, giving the go-ahead to construct two nuclear reactors at Hinkley Point C in Somerset, England. The decision means the company can move forward with the long-anticipated project. Several contracts will need to be executed, including with the British government, China General Nuclear Power […]

Guinness World Records recognized GE’s HA gas turbine for powering the world’s most efficient—up to 62.22%—combined cycle power plant. The first unit equipped with an HA turbine officially began operation on June 17 at EDF’s plant located in Bouchain, France. “Today we are making history with this power plant for the future,” said Steve Bolze, […]

France’s nuclear sector was rocked to its core on May 4 when the country’s Nuclear Safety Authority (ASN) announced that state-owned nuclear manufacturer Areva had confessed to “irregularities in the manufacturing checks” on about 400 parts produced since 1965, about 50 of which are still in service in France. ASN said in a statement that […]

Studsvik AB (publ) has today signed an agreement to divest its Waste Treatment business and facilities in Sweden and the UK to EDF Développement Environnement SA, a 100% subsidiary of EDF SA. The purchase price on a debt free basis is SEK 355 million, subject to certain closing adjustments. The transaction will generate a positive […]

A diverse coalition of major investor-owned utilities, public power authorities, and one of the largest independent power producers, as well as a combination of cities and states, clean energy groups, and environmental groups, filed briefs with the D.C. Circuit Court of Appeals in support of the Environmental Protection Agency’s (EPA’s) Clean Power Plan. The involved […]

The proposed expansion of the Hinkley Point nuclear plant in the U.K., a joint project between French-based EDF and Chinese firm CGN, was thrown into fresh doubts this month as EDF’s CEO said the project cannot proceed without additional financial support from the French government. The hugely expensive project—at £18 billion ($25.5 billion) it would […]

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 […]

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