GE Hitachi Nuclear Energy's Global Laser Enrichment Receives Nuclear Regulatory Commission License f

GE Hitachi Nuclear Energy's Global Laser Enrichment Receives Nuclear Regulatory Commission License for Uranium Plant

First-of-a-Kind Facility Licensed by NRC to Make Laser Enrichment of Uranium a Reality


WILMINGTON, N.C.--(BUSINESS WIRE)-- GE Hitachi Nuclear Energy's (GEH) Global Laser Enrichment (GLE) today announced receipt of its license from the U.S. Nuclear Regulatory Commission (NRC) to build a groundbreaking laser enrichment facility on the 1,600-acre site of the company's global headquarters in Wilmington, N.C.

While a commercialization decision must still be made by the company, the license enables GLE to build a first-of-its-kind uranium enrichment facility using lasers conceived of by Australian technology company SILEX and developed by GLE experts. The company has worked with the NRC, the U.S. departments of State and Energy and independent non-proliferation experts for several years to ensure the security of this technology and has met—and in many cases exceeded—all regulations pertaining to safeguarding this technology.

"Receiving our NRC license is a tremendous accomplishment and strong testament to everyone involved in this project," said Chris Monetta, president and CEO of Global Laser Enrichment. "The technology we've developed could be one of the keys to the nation's long-term energy security. At a minimum, it could provide a steady supply of uranium enriched right here in the U.S. to the country's nuclear reactors. These reactors provide approximately 20 percent of the nation's electricity today and will continue to be an important part of the energy mix for decades to come."

Today, a majority of enriched uranium made to produce nuclear fuel in the United States comes from foreign or government-supplemented sources. The GLE license, applied for in June 2009, will allow the laser enrichment plant to produce up to 6 million single work units (SWU) per year in the United States.

The next step in the process is for the company to make a commercialization decision. This decision will be based on several factors.

About GE Hitachi Nuclear Energy

Based in Wilmington, N.C., GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactor technology and nuclear services. Established in June 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.



GE Hitachi Nuclear Energy
Christopher White, +1 910-819-6121
christopher1.white@ge.com
or
Masto Public Relations
Tom Murnane or Howard Masto
+1 518-786-6488
tom.murnane@mastopr.com
howard.masto@ge.com

KEYWORDS:   United States  North America  Connecticut  North Carolina

INDUSTRY KEYWORDS:

The article GE Hitachi Nuclear Energy's Global Laser Enrichment Receives Nuclear Regulatory Commission License for Uranium Plant originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

What Is Your Risk Tolerance?

Answer the question "What type of investor am I?".

View Course »

Basics of Diversification

Learn one of the fundamental concepts of building a portfolio.

View Course »

Add a Comment

*0 / 3000 Character Maximum