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
Headshot2

The Value of Higher Education for Adult Learners

Dani Somers - North Carolina Wesleyan
Mc2 56882

Building Insights: 2019 Homebuilding Industry Outlook

Scott Byers - Majestic Kitchen & Bath Creations
Jim ellis headshot 10311631058

Why Your Company Needs a Corporate Video

Jim Ellis - Signal

Trending News

Chef And Managing Partner Dean Neff Leaving PinPoint Restaurant

Jessica Maurer - Feb 20, 2019

Business Owners, Elected Official Among TEDxAirlie Speaker Lineup

Johanna Cano - Feb 20, 2019

Pita Delite Welcomes Diners At New Landfall Shopping Center Location

Jessica Maurer - Feb 20, 2019

ILM's Travelers In January Reach A Record

Christina Haley O'Neal - Feb 19, 2019

Appraisal To Move Forward This Week On Former Wave Transit Building

Christina Haley O'Neal - Feb 20, 2019

In The Current Issue

Pushing Investment Crowdfunding

After almost two years since the NC PACES Act was enacted, three companies have completed crowdfunding fillings with the state, demonstratin...


Navy Week To Coincide With Azalea Festival

The U.S. Navy is coming to the Port City this spring, coinciding with the N.C. Azalea Festival. Wilmington is among the 14 selected sites –...


Housing Market: When History's For Sale

Homebuyers in the market for a historical dwelling seem to have at least one thing in common: a love of storied structures, big or small....

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Health Care Heroes 2018
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties