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Cameco has announced that its joint acquisition of Westinghouse Electric Company with Brookfield Asset Management, alongside its publicly listed affiliate Brookfield Renewable Partners and institutional partners, has now received all required regulatory approvals. The UK Competition and Markets Authority (CMA) has cleared the Cameco Corp and Brookfield Renewable Partners' $7.875bn deal to acquire Westinghouse Electric. CMA, which began considering the deal in August, said it will not refer the merger for further investigation.
- Source: NEI Magazine
- Date: Thursday, 09 November 2023
- Original article: neimagazine.com/news/newscameco-and-brookfield-receive-regulatory-approval-to-acquire-westinghouse-11282477
Cameco Corporation and Brookfield Renewable Partners, together with its institutional partners (the consortium), are forming a strategic partnership to acquire Westinghouse Electric Company. Brookfield Renewable, with its institutional partners, will own a 51% interest in Westinghouse and Cameco will own 49%.
- Source: NEI Magazine
- Date: Friday, 14 October 2022
- Original article: neimagazine.com/news/newscameco-and-brookfield-renewable-to-acquire-westinghouse-10084610
Last year, during a scheduled spring refuelling outage, Framatome deployed the world’s first full ATF assembly at the Calvert Cliffs nuclear station in the US state of Maryland.
This followed the launching in 2012 of the US Department of Energy ATF initiative in response to the 2011 Fukushima-Daiichi accident in Japan. The DOE set three main objectives: to develop a fuel to allow nuclear operators additional coping time during accidents; to launch and deploy lead test assemblies by 2022; and to make sure improvements do not impact the operational performance of the fuel.
Mr Alzaben said Framatome had met the DOE’s schedule and has deployed lead test assemblies in five reactors, four in the US and one in Europe.
- Source: Nucnet
- Date: Tuesday, 26 April 2022
- Original article: nucnet.org/news/french-company-aiming-to-produce-full-reload-quantities-of-accident-tolerant-fuel-4-2-2022
PKN Orlen, a state-controlled fuels and energy company, said in a statement that the new venture will be called Orlen Synthos Green Energy. Synthos is a chemicals company and part of the largest private industrial group in Poland.
GEH and Synthos announced in October 2019 an agreement to collaborate on potential deployment applications for the BWRX-300 SMR in Poland.
Synthos has said it is interested in nuclear power for obtaining affordable, on-demand, carbon-free electricity.
The agreement covers a number of areas of reactor development and deployment, including financing, site selection and the production of energy and heat for the companies’ own needs and for municipal and commercial customers.
- Source: Nucnet
- Date: Wednesday, 08 December 2021
- Original article: nucnet.org/news/companies-create-jv-to-commercialise-and-deploy-microreactors-and-smrs-12-2-2021
Kevin Walsh has been named as senior vice president of General Electric Hitachi’s global nuclear fuel cycle operations and CEO of Global Nuclear Fuel (GNF), the nuclear fuel joint venture of GE, Hitachi and Toshiba.
- Source: NEI Magazine
- Date: Monday, 02 November 2009
- Original article: neimagazine.com/news/newsglobal-nuclear-fuel-appoints-new-ceo
GE Hitachi Nuclear Energy (GEH) has signed agreements with two state-owned Indian companies to collaborate on building Advanced Boiling Water Reactors (ABWRs) in India. This will help towards meeting the country’s ambitious goal to produce 60GWe from nuclear power by 2032.
- Source: NEI Magazine
- Date: Monday, 23 March 2009
- Original article: neimagazine.com/news/newsgeh-signs-mou-with-indian-companies