Print
More News

New Agreement Forms Between GE Hitachi, ARC Nuclear

By Christina Haley O'Neal, posted Aug 28, 2017
Wilmington-based GE Hitachi Nuclear Energy announced steps Monday to further collaborate with Advanced Reactor Concepts LLC (ARC Nuclear) to develop and license the ARC-100 advance small modular reactor, the company announced in a press release.

GE Hitachi intends – through a newly-signed development agreement – to license intellectual property associated with its Power Reactor Innovative Small Module (PRISM) advanced reactor design to ARC Nuclear. The company has also agreed to provide ARC Nuclear, a privately held Delaware company that specializes in small fast reactor technology, access to nuclear infrastructure programs.

The engineering and design work that will support the agreement will occur at GE Hitachi headquarters in Wilmington, according to Jon Allen, spokesman for GE Hitachi in Wilmington. 

“This new agreement recognizes that GEH and ARC Nuclear each have significant experience, investment and intellectual property in sodium fast reactor technology derived from Argonne National Laboratory’s successful EBR-II reactor, which operated for more than 30 years at Idaho Falls, Idaho,” said Jon Ball, executive vice president of Nuclear Plant Projects at GE Hitachi, in the release. “At GEH, we are excited to see how this complementary collaboration will allow us to further accelerate commercialization of this technology with ARC Nuclear.”  

GE Hitachi will also make an in-kind contribution to ARC Nuclear through its agreement to provide engineering and design expertise, officials said in the release.

“Our work to date with the GEH team has validated our expectation of the synergy of combining ARC Nuclear’s senior engineers -- with their deep sodium fast reactor operational and design experience as key members of EBR-II prototype program -- with GEH’s next generation of nuclear engineers and designers with their proven competence in modern nuclear design,” Don Wolf, chairman and CEO of ARC Nuclear, said in the release. “We are clearly seeing how the power of this engineering collaboration and GEH’s infrastructure can give us a leap forward in reducing both time to market and development costs.”

The companies announced a collaboration in March to progress the ARC-100 design for global power generation with initial deployment in Canada. GEH and ARC Nuclear are working to commence a preliminary regulatory review of the ARC-100 by the Canadian Nuclear Safety Commission through its Vendor Design Review process, according to the release. 

At the same time, a joint GE Hitachi-ARC Nuclear engineering team is working to advance the ARC-100 design.

Officials with GE Hitachi said the company and ARC Nuclear have agreed to re-examine their relationship upon completion of the Canadian Vendor Design Review and give consideration to focus for the ARC-100 beyond Canada.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Kellyerola headshot lcflc

Can I Get Hospice Care At Home During COVID-19?

Kelly Erola - Lower Cape Fear LifeCare
Tidewaterinvestmentco merrettemoore headshot

Looking Beyond Your Financial Advisor For Private Company Investments

Merrette Moore - Tidewater Investment Company
Dave sweyer 300 x 300

Looking For Rental Investment Properties? Here’s Why Investing Out Of State Could Be Your Best Bet.

Dave Sweyer - Sweyer Property Management

Trending News

Atlanta-based Developer Plans More Than 300 Apartments In Leland

Cece Nunn - May 7, 2021

Local Business Leaders Weigh In On Brunswick's MSA Future

Christina Haley O'Neal - May 6, 2021

Vantaca Fills HOA Industry Need

Scott Nunn - May 7, 2021

Meet The 2021 CEA Winners

Vicky Janowski - May 7, 2021

General Aviation Services Business Hiring Ahead Of Busy Season

Christina Haley O'Neal - May 7, 2021

In The Current Issue

PPD Influences Regional Economy

The growth Wilmington-headquartered PPD Inc. has experienced in the Port City is an economic driver for the region, local economic developme...


An Inclusive Space For Startups

Envisioned by husband-and-wife team Girard and Tracey Newkirk, Genesis Block provides business development services that support small busin...


Digital Alerts Aim To Avoid Overdrafts

Simply put, the new patent-pending tech offering lets customers know when a pending payment will cause an overdraft....

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