October 21, 2016 9:05 AM ET

Electrical Equipment

Company Overview of GE-Hitachi Nuclear Energy, Inc.

Company Overview

GE-Hitachi Nuclear Energy, Inc. provides reactors and nuclear services to the nuclear power industry. The company provides steam turbines, refurbished parts, and plant performance software; and instrumentation, such as in-core and ex-core sensors, gamma thermometers, probes, and radiation monitors. It also provides services to the operators of boiling water rector nuclear power plants to enhance reactor performance and power output. The company was founded in 2007 and is based in Wilmington, North Carolina. GE-Hitachi Nuclear Energy, Inc. operates as a subsidiary of General Electric Company.

3901 Castle Hayne Road

Wilmington, NC 28402

United States

Founded in 2007





Key Executives for GE-Hitachi Nuclear Energy, Inc.

Chief Executive Officer and President
Nuclear Marketing Communications Manager
Marketing Manager
Age: 69
Compensation as of Fiscal Year 2016.

GE-Hitachi Nuclear Energy, Inc. Key Developments

GEH Announces the First North American Implementation of its Latest Chemical Decontamination Solution

GE Hitachi Nuclear Energy announced the first North American implementation of the newest chemical decontamination solution which was utilized to successfully decontaminate and mitigate stress corrosion cracking in portions of a nuclear power plant's recirculation piping. Built upon proven Low Temperature NobleChem(TM) technology, GEH implemented an enhanced solution developed by its alliance partner Hitachi-GE Nuclear Energy to decontaminate and mitigate the plant's reactor recirculation systems and decontaminate the reactor water cleanup system.

GE Hitachi Nuclear Energy Selected to Lead U.S. Department of Energy Advanced Nuclear Technology Research Project

U.S. Department of Energy (DOE) has announced that GE Hitachi Nuclear Energy (GEH) has been selected to lead a //$2 million additive manufacturing research project. GEH will lead the project by producing sample replacement parts for nuclear power plants. The samples will be 3D printed in metal at the GE Power Advanced Manufacturing Works facility in Greenville, SC and then be shipped to the Idaho National Laboratory (INL). Once irradiated in INLs Advanced Test Reactor, the samples will be removed, tested and compared to an analysis of unirradiated material conducted by GEH. The results will be used by GEH to support deployment of 3D printed parts for fuels, services and new plant applications. The project is part of a more than //$80 million investment in advanced nuclear technology announced last week by DOE. Nuclear Science User Facilities funding will be used to provide GEH with access to world-class neutron and gamma irradiation and post-irradiation examination services. GEH is currently participating in a DOE-funded project with Oak Ridge National Laboratory to develop stainless steel with enhanced stress corrosion cracking and irradiation resistance.

Silex Eyeing GLE

Silex Systems Ltd. (ASX:SLX) is considering taking a stake in GE Hitachi Global Laser Enrichment LLC (GLE) from GE-Hitachi Nuclear Energy, Inc. Recently, GE Hitachi Nuclear Energy Canada Inc. has announced its intention to exit the business. GLE is a joint venture between Hitachi, Ltd. (TSE:6501) holding 25% stake, Cameco Corporation (TSX:CCO) holding 24% stake, and General Electric Company (NYSE:GE) holding 51% stake. Silex Systems Chief Executive Officer, Michael Goldsworthy said that the relationship had been a productive one and that his company respected GE-Hitachi's decision to exit GLE, which was precipitated by a change in business priorities at GE-Hitachi Nuclear Energy.” Silex Systems is considering increasing its direct participation in the development project and is negotiating a term sheet with GE-Hitachi that would effectively give Silex the option to take an equity position in GLE, the company said in a statement. No information was given on the timing of GE-Hitachi's exit from GLE, but Silex said that the material terms of any GLE restructure will be announces as soon as discussions are finalized. Silex also said that it is ‘reviewing the possibility’ of contributing up to AUD 10 million of funding for ongoing activities at its laser facility at Lucas Heights, Sydney and at GLE's Wilmington facility to ensure that the current budget for 2016 continues to be adequately funded while discussions are held with potential investors. World Nuclear News quoted Cameco spokesman as saying, “We continue to believe laser enrichment has potential and are supporting Silex’s efforts to restructure and secure new investment.”

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