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
Jim ellis headshot 10311631058

Facebook Ads: What’s Changing

Jim Ellis - Signal
Corey61

The World Needs Ditch Diggers

Corey Lewis - Cape Fear Jobs
Img 0621

Be Financially Prepared for Hurricane Season

Karen Durda - Century Accounting and Tax Services, Inc.

Trending News

Gastroenterology Practice To Move To Physicians Drive Building

Vicky Janowski - Jun 22, 2018

Cape Fear Crossing Studies Moving Forward

Christina Haley O'Neal - Jun 22, 2018

Phoenix Spirit Group Leases N. Kerr Industrial Building

Johanna Cano - Jun 22, 2018

In The Current Issue

Berry Farms Weather The Ups And Downs

The weather might have made the 2018 growing season challenging for local berry farmers thus far, but it has not slowed demand for straight-...


Banks Respond To Dodd-Frank Changes

Just how will the much-trumpeted recent changes to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act affect local financial...


Labor Market Checkup

The demand for health care workers in an area like the Cape Fear region is expected to remain healthy for years to come, experts say....

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes