GE, Hitachi Plan Global Nuclear Energy Alliance
The transaction will proceed through a cross-shareholding arrangement under which Hitachi will take a 40 percent holding in GE’s existing nuclear business and GE will take approximately 20 percent holding in Hitachi’s existing nuclear business. The parties anticipate that the transaction will be completed in the first half of 2007, subject to all required approvals and negotiation of the definitive agreement.
The companies believe the move will strengthen GE and Hitachi’s existing boiling water reactor capabilities in the light water reactor industry and position the alliance for expansion into new nuclear energy segments and technologies. Potential areas of investment include new infrastructure, advanced reactor design, and service technology, with a focus on new spaces across the industry value chain.
Energy Manager News
- Dissecting the Data Revolution
- Energy Star Recognizes 16 GM Facilities
- CCI Group Awarded Contract for Anniston Army Depot
- Under Hawaiian Electric’s New TOU Pilot Plan, Time Is Money
- SCE&G Retail Rate Adjustment Will Be Close to Break-Even for Customers
- LEED v4 is Ready to Take Center Stage
- Honeywell Upgrading Energy, Water Systems at The University of Mount Olive
- Three Boston Area Organizations Jointly Buying Solar Energy