Company news - Page 5
Stay up to date with the latest Company news updates from the global nuclear engineering international industry
TVO wins arbitration case against Wärtsilä over diesel generators
Finnish power company Teollisuuden Voima Oyj (TVO) has said that an arbitration tribunal has resolved all the issues regarding the supply of backup diesel generators from Wärtsilä...
Romania’s Nuclearelectrica triples profit
Nuclearelectrica (SNN), operator of Romania’s Cernavoda NPP has announced that its net profit have more than tripled in the first half of 2022, to RON1.22 billion ($255m). This...
NRG and Curium sign contract to produce molybdenum-99
NRG and Curium have signed a contract to produce molybdenum-99 (Mo-99) at the High Flux Reactor (HFR) in Petten in the Netherlands. Mo-99 is the starting material for...
EDF demands $8.5bn to compensate for capped electricity prices
Electricite de France (EDF) has asked its main shareholder, the French state, for €8.34 billion ($8.5bn) in compensation after the government forced it to sell power at cut-rate prices...
Ukrainian State Nuclear Regulatory Inspectorate to be restructured
The Board of the State Nuclear Regulatory Inspectorate of Ukraine (SNRIU) has discussed and approved a bill restructuring it as the National Nuclear Regulatory Commission. The bill...
Ansaldo contracted to support new Sellafield facility
The first contract awarded as part of the Programme and Project Partners new goods and services agreement will see key connections installed between existing and new facilities at...
Organisation of Canadian Nuclear Industries receives funding for Ready4SMR Programme
The Organisation of Canadian Nuclear Industries (OCNI) has announced that it has received support to help launch its Ready4SMR Program from the Government of Canada, through the...
Vogtle NPP faces more possible delays
US Southern Company has reported second-quarter earnings of $1.1 billion in 2022 compared with $372 million in 2021. However, Southern increased the cost estimate for its Georgia...
France to renationalise EDF
French Prime Minister Elisabeth Borne has told the National Assembly that the government intends to increase its ownership of EDF from 84% to 100%.
Sixfold increase in Rosatom’s capital investment in 10 years
Gennady Sakharov: "The annual volume of capital investments of Rosatom has increased six times over 10 years," Strana Rosatom has reported, citing Gennady Sakharov, Rosatom’s director...
Westinghouse announces organizational changes
Westinghouse Electric Company has announced organisational and structural changes ”to further drive the company’s growth strategy and enhance customer engagement”. Notably,...
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...
