Print
More News

GE Joint Venture Lands $100 Million-plus Contract

By Jenny Callison, posted Jun 8, 2015
Wilmington-based Global Nuclear Fuel (GNF) announced Monday that one of its customers, Entergy, has extended its contract for fuel reloads at four power plants through 2021.

The agreement is for eight fuel reloads — two at each of Entergy’s boiling water reactors: FitzPatrick, Grand Gulf, Pilgrim and River Bend. The total value of the contract extension is more than $100 million, according to a news release from GNF.
 
GNF is a GE-led joint venture with Hitachi, Ltd. and Toshiba Corporation and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co. Ltd. in Kurihama, Japan.

The River Bend plant is 30 miles north of Baton Rouge, Louisiana; Fitzpatrick is in Lake Oswego, New York; Grand Gulf is in Port Gibson, Mississippi; and Pilgrim is in Plymouth, Massachusetts.
 
“This extended period of fuel reloads will allow us to continue to bring value to Entergy’s operations and is a sign of the continued confidence the utility has in GNF,” Amir Vexler, chief operating officer of GNF-Americas, said in the release.
 
GNF has a long-standing relationship with Entergy. GNF and its predecessor, the nuclear fuel division of GE, have provided several fuel reloads for Grand Gulf and River Bend and have exclusively fueled Pilgrim and FitzPatrick since the plants became operational in the 1970s, the release stated.
 
In 2008 Entergy became the first utility to install reloads of the GNF2 fuel design. This spring, Entergy installed test assemblies for the latest GNF fuel design, GNF3, in the River Bend plant.

Based on evolutionary design changes and advanced technology developed by GNF, the GNF3 fuel assembly design will provide customers with improved fuel economics, increased performance and flexibility in operation while maintaining the superior reliability of GNF2, the most reliable design in GNF’s history.

Fuel for the Entergy plants will be fabricated by GNF at its Wilmington facility.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Dave sweyer 300 x 300

6 Things Wise Rental Property Investors Always Do

Dave Sweyer - Sweyer Property Management
Jasonpathfinder3

Do You Have Enough Change For Retirement?

Jason Wheeler - Pathfinder Wealth Consulting
Junegunter teachinghorse headshot 5721115557

Energy Is Contagious.

June Gunter - TeachingHorse

Trending News

With Purchase, Couple Plans Restaurant At Former Booty's Soul Food Property

Jessica Maurer - Jun 22, 2021

Oleander Drive Office And Retail Complex Fully Leased, Sold Out

Cece Nunn - Jun 22, 2021

$1M Donation To GLOW Announced At Celebrity Chef Event

Jessica Maurer - Jun 21, 2021

Homebuilder To Share Plans For South College Road Property

Cece Nunn - Jun 21, 2021

Several People Join The StepUp Wilmington Team

Christina Haley O'Neal - Jun 22, 2021

In The Current Issue

AI Used In Identifying Strokes

The seriousness of a stroke and the importance of getting medical aid quickly have prompted hospitals and health technology companies to use...


Dental Manufacturer Braces For Growth

A local manufacturer of orthodontic dental brackets has grown its production in Leland over the past year, while navigating the business thr...


Buyers, Sellers Cope With Rising Prices

With inventory so low and buyer demand so high, home prices are expected to continue to increase at least through the rest of this year and...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100