Company news - Page 2
Stay up to date with the latest Company news updates from the global nuclear engineering international industry
EDF opens branch in Prague in face of increasing competition for Dukovany 5
On the occasion of its Czech-French Partners’ Day for the Dukovany 5 NPP project on 29 June, EDF announced the opening of its EDF Nuclear Czechia branch in Prague, dedicated to...
Holtec completes acquisition of Palisades NPP and Big Rock Point
US-based Holtec International has completed acquisition of the Palisades NPP and the Big Rock Point site from Entergy Corporation. This transfer was made possible by the licence...
Drastic staff cuts planned at Fennovvoima
Finnish company Fennovoima has said that as a result of negotiations, which began on 10 May, it will significantly reduce its operations. Staff terminations, which will be...
Newcleo raises €300 million to develop mox fuel and advanced reactors
Start-up nuclear technology company Newcleo has announced the close of its €300 million equity raise, launched at its first AGM in March. The equity raise, which gathered interest...
DOE awards more funding for nuclear R&D
The US Department of Energy (DOE) has awarded more than $61 million to 74 nuclear energy projects across the country. The projects will support nuclear technology...
Seaborg selected for EU innovation grant
Denmark’s Seaborg has said it was one of only 74 innovative European companies selected from over 1,000 proposals to be awarded a grant by the European Innovation Council (EIC) so far...
NuScale reports increased losses, and cash infusion
US-based NuScale Power has reported a higher net loss for the first quarter of 2022 compared with the first quarter of 2021, but officials insist there is sufficient finance to...
Framatome acquires Cyberwatch
Framatome on has announced the acquisition of Cyberwatch, a team of experts in vulnerability management and compliance control. “This addition complements and strengthens...
Framatome establishes Framatome Belgium
Framatome has June announced the creation of Framatome Belgium, a new subsidiary specialising in nuclear engineering and service solutions. This engineering centre of excellence aims...
Foratom becomes Nucleareurope
Europe’s nuclear trade association, Foratom, officially became Nucleareurope on 7th June. “The goal of this rebranding is to bring more clarity to stakeholders in Brussels about who...
Petro Kotin formally appointed head of Ukraine’s Energoatom
The Cabinet of Ministers of Ukraine on 31 May appointed Petro Kotin as the head of Energoatom. He had been Acting President since 2 April 2020. "The Cabinet of Ministers of Ukraine...
Dr Kathryn Huff confirmed as US Assistant Secretary for Nuclear Energy
The US Department of Energy (DOE) on 25 May confirmed that Dr Kathryn Huff “leads the Office of Nuclear Energy as the Assistant Secretary”. Previously, she served as a Senior Advisor...
Westinghouse acquires BHI Energy
US-based Westinghouse Electric Company said on 31 May that it had completed its acquisition of BHI Energy. The deal brings together two energy companies to create the nuclear...
MHI reports progress of business plan including nuclear
Mitsubishi Heavy Industries (MHI) has announced the progress of its 2021 Medium-Term Business Plan, which covers the three years from FY2021 to FY2023. It includes a section...
EDF seeks concessions on electricity prices
French utility EDF said in written answers to shareholders' questions that it had asked the authorities to retract earlier decisions forcing it to sell nuclear power at low prices to...
Framatome acquires EFINOR energy and defence subsidiaries
Framatome has announced the acquisition of the energy and defence subsidiaries of the EFINOR group, operating in the nuclear energy and naval defence sectors in France and the UK....
EDF confirms reactor corrosion
Nuclear output in France amounted to 91.7TWh - 7.5TWh less than over the same period in 2021, due to lower availability of the nuclear fleet, mainly in relation to the impact of...
EDF warns of more delays and cost increases for Hinkley Point C
Electricite de France (EDF) says its Hinkley Point C (HPC) nuclear plant in the UK risks being late and over-budget as Russia’s invasion of Ukraine and supply chain disruption weigh...
Fennovoima cancels Hanhikivi 1 project
Finland’s Fennovoima has terminated its contract for the delivery of the Hanhikivi 1 NPP with Rosatom, “due to RAOS Project's significant delays and inability to deliver the project”,...
