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GNEP Program MHI joins the industrial team composed of AREVA, Battelle, WGI, BWXT Technologies and JNFL

News brief

ACTIVITIES / NUCLEAR POWER

June 22, 2007

An international industry team formed by AREVA Inc announced today the addition of a new member, Mitsubishi Heavy Industries (MHI), to respond to the U.S. Department of Energy's Global Nuclear Energy Partnership (GNEP) program.

This team, already including Battelle, Washington Group International, BWX Technologies, Inc and Japan Nuclear Fuel Ltd., will propose to perform technical and business planning studies on the development of a U.S. advanced treatment/recycling facility and a new generation fast reactor. AREVA will lead the Consolidated Fuel Treatment Center (CFTC) and MHI will lead the Advanced Recycling Reactor (ARR).

Both utilities are targeted to be operational in 2020. GNEP is a global program to develop advanced technologies for recycling and fast reactors to expand the use of clean energy while reducing the waste burden and further limiting the risk of proliferation.

More about

AREVA is the largest nuclear energy vendor in America and the world's largest fuel cycle company. AREVA has been at the forefront of development, deployment and operations of treatment and recycling facilities as well as sodium-cooled reactors. Headquartered in Bethesda, MD, AREVA Inc.'s 5,000 American energy employees are committed to serve the nation and pave the way for the future of the electricity market. With 40 locations across the nation and nearly $2 billion in energy revenues in 2006, AREVA Inc., through its subsidiaries combines homegrown leadership, access to worldwide expertise and a proven track record of performance. In the U.S. and in over 100 countries around the world, AREVA is engaged in the 21st century's greatest challenges: making energy available to all, protecting the planet, and acting responsibly towards future generations.

Mitsubishi Heavy Industries, Ltd. (MHI) headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers with consolidated sales of 3,068 billion yen in fiscal 2006 (year ended March 31, 2007). MHI's diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft space rocketry and air-conditioning systems.

Battelle is the world's largest non-profit independent research and development organization, with 20,000 employees in more than 120 locations worldwide, including five national laboratories Battelle manages or co-manages for the U.S. Department of Energy. Headquartered in Columbus, Ohio, Battelle conducts $3.8 billion in R&D annually through contract research, laboratory management, and technology commercialization. As a non-profit charitable trust with an eye toward the future, Battelle actively supports and promotes science and math education.

A primary contractor for the U.S. Department of Energy and its predecessor agencies since 1942, Washington Group International is a global leader in engineering, procurement, construction pre-operational testing, start-up and safe and efficient operation of complex nuclear and non-nuclear facilities. Headquartered in Boise, Idaho, with more than $3 billion in annual revenue, the company has approximately 25,000 people at work around the world providing solutions in power, environmental management, defense, oil and gas processing, mining, industrial facilities, transportation, and water resources.

BWX Technologies, Inc. has a 50-year history of owning and operating nuclear and national security production facilities both commercially and for the DOE. BWXT is licensed by the Nuclear Regulatory Commission to fabricate, process, use and store highly enriched uranium. BWXT currently has a contract with the DOE at its Lynchburg Technology Center where it has demonstrated that spent nuclear fuel can be temporarily stored, transferred and repackaged safely and securely. BWXT is a wholly owned subsidiary of McDermott International, Inc. (NYSE: MDR), a leading worldwide energy services company.

Japan Nuclear Fuel Ltd. (JNFL) is Japan's pioneer company in the field of commercial used nuclear fuel reprocessing as well as uranium enrichment, storage and disposal of nuclear waste and Mixed-Oxide fuel fabrication. In Rokkasho-mura, Aomori Prefecture, the test operation of the world's newest commercial reprocessing plant, for which JNFL applied state of the art reprocessing technology and implemented IAEA's full scope safeguards capability, is successfully in progress. The mission of JNFL is to establish nuclear fuel cycle technologies for the peaceful use of nuclear energy.

Contacts

  • AREVA Inc.
    Penny Phelps
    Tel: 301-841-1600

  • Washington Group International
    Jerry Holloway
    Tel : 208-386-5255

  • BWX Technologies, Inc
    Regina Carter
    Tel: 434-522-5158

  • Japan Nuclear Fuel Ltd.
    Suzuki Kazufumi
    Tel: 81-175-71-2130

  • Mitsubishi Heavy Industries, Ltd.
    Hideo Ikuno
    h.ikuno@daiya-pr.co.jp
    Tel: 81-3-6716-5277