Print
More News

GE Joint Venture Awarded A More Than $250M Fuel Contract

By Christina Haley O'Neal, posted May 22, 2018
GNF3 is fabricated at Global Nuclear Fuel's facility in Wilmington. (Photo of fuel assembly courtesy of GE Hitachi/GNF)
Global Nuclear Fuel (GNF) announced Tuesday that the company has been awarded a more than $250 million long-term contract with Entergy Nuclear, GNF's first customer to take delivery of GNF3 in reload quantities.

The new fuel supply contract runs from 2019 to 2031 and includes 10 reloads of GNF3, a fuel assembly that officials with the company say is designed to offer customers improved fuel cycle economics and increased performance and flexibility in operation and to further improve upon the reliability of GNF’s previous product lines.

GNF3 is fabricated with GNF’s technology at the company’s facility in Wilmington. The company is a supplier of boiling water reactor (BWR) fuel and fuel-related engineering services.

GNF is a GE-led joint venture with Hitachi Ltd. and operates primarily through Global Nuclear Fuel-Americas LLC in Wilmington, and Global Nuclear Fuel-Japan Co. Ltd. in Kurihama, Japan.

"Entergy and GNF have a long successful history of working together, but it is the opportunity to support the Entergy Nuclear fleet’s bright future that makes us excited about this new agreement," said Amir Vexler, CEO of GNF, in a news release. "With this extended period of fuel reloads, we are pleased to be in a position to continue our long-standing relationship with our valued customer by fueling their BWRs for the next decade with GNF3, our newest, most advanced fuel product."

GNF3 lead use assemblies have been operating in several U.S. nuclear power plants, including four lead use assemblies in Entergy’s River Bend Nuclear Station in St. Francisville, Louisiana, since 2015.

“We are pleased to continue our partnership with Global Nuclear Fuel to receive fuel for our nuclear reactors,” John Elnitsky, senior vice president of engineering and technical services for Entergy Nuclear, said in the release. “Being able to use one of the newest, most advanced fuel products on the market fits well with our strategies for achieving excellence in fuel reliability and gaining efficiencies for our customers.”   

In 2019, Entergy’s River Bend nuclear facility will become the first plant that will install GNF3 in reload quantities, the release stated. GNF3 will be installed in reload quantities at Grand Gulf Nuclear Station in Port Gibson, Mississippi, in 2020, officials said in the release.

GNF has fueled Entergy’s Grand Gulf and River Bend reactors continuously since 2008.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Alycephillipsnew2

Trustees Can Face Tricky Technical And Personal Challenges

Alyce Phillips - Old North State Trust LLC
Robindavisccu1 1011944433

CCU’s Approach To Data Security: Everyone Plays A Role

Robin Davis - Corning Credit Union (CCU)
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

The Unstoppable Spirit Of Entrepreneurship

Diane Durance - UNCW Center for Innovation and Entrepreneurship

Trending News

New Tenants Announced For Military Cutoff Development

Cece Nunn - Mar 30, 2020

Local Businesses Respond To Stay At Home Orders

Christina Haley O'Neal - Mar 30, 2020

NHMRC Seeing Cash Crunch Over Coronavirus

Vicky Janowski - Mar 31, 2020

WORKING THROUGH IT: Pet Supply Store Embraces Change

Christina Haley O'Neal - Mar 31, 2020

With Travel Volume Down, ILM Adjusts Operations

Jenny Callison - Mar 31, 2020

In The Current Issue

Viral Void

The coronavirus concerns bring Cape Fear region to a standstill....


Helping To Manage Change

​“I’m not afraid to step out and try something different. I think that keeps your career interesting,” said Randell Woodruff, the manager of...


Cashing In Wellness

Wouldn’t it be nice if, after finally running that 5K you have been preparing for many months, you not only get the reward of accomplishment...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`