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Atmea
Atmea was a joint venture between Mitsubishi Heavy Industries (MHI) and EDF Group set up in 2006 to develop, market, license and sell the ATMEA1 reactor, a new generation III+, medium-power pressurized water reactor (PWR). The company was headquartered in Paris. The joint venture was abandoned in 2019. History A memorandum of understanding between AREVA and MHI effectively creating the entity was signed 19 October 2006 and the name of the joint venture was announced on 3 September 2007. The European Commission cleared the joint venture in October 2007 on the grounds that the activities of Areva and MHI were geographically complementary and Atmea was unlikely to strengthen the competitiveness of each parent company. The completion of the French nuclear industry reorganisation under EDF leadership in 2018 also led to a renewed partnership within ATMEA. ATMEA was initially formed as a joint venture between AREVA NP and MHI to develop the next-generation AT-MEA1 reactor. Under the ...
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Sinop Nuclear Power Plant
The Sinop Nuclear Power Plant ( tr, Sinop Nükleer Enerji Santrali) is a proposed nuclear plant in Turkey located at Sinop on the Black Sea. Negotiations with Rosatom started in 2022. If constructed, it will be the country's second nuclear power plant after the projected Akkuyu Nuclear Power Plant. On 3 May 2013, the then Turkish prime minister Recep Tayyip Erdoğan and his Japanese counterpart Shinzō Abe, signed a deal over US$22 billion for the construction of the Sinop Nuclear Power Plant that would have been carried out by a joint venture consortium of Japanese Mitsubishi Heavy Industries and French Areva. Four Atmea reactor would have been used, to enter service from 2023 to 2028. In 2018 the project was abandoned due to construction costs having almost doubled to about $44 billion, largely because of post-Fukushima safety improvements and the fall in the value of the Turkish lira. Indicating that the feasibility study prepared by Japan did not conform with both the exp ...
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Areva
Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%). Électricité de France, of which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state. As a part of the restructuring program following its insolvency, Areva sold out or discontinued its renewable energy businesses, sold its reactors business subsidiary Areva NP (now: Framatome) to EDF and its nuclear propulsion and research reactors subsidiary Areva TA (now: Technicatome) to Agence des participations de l'État, and separated its nuclear cycle business into a separate company New Areva (later: Orano). As ...
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Nuclear Power In Japan
Prior to the 2011 Tōhoku earthquake and tsunami, Japan had generated 30% of its electrical power from nuclear reactors and planned to increase that share to 40%. Nuclear power energy was a national strategic priority in Japan. , of the 54 nuclear reactors in Japan, there were 42 operable reactors but only 9 reactors in 5 power plants were actually operating. A total of 24 reactors are scheduled for decommissioning or are in the process of being decommissioned. Others are in the process of being reactivated, or are undergoing modifications aimed to improve resiliency against natural disasters; Japan's 2030 energy goals posit that at least 33 will be reactivated by a later date. Though all of Japan's nuclear reactors successfully withstood shaking from the Tohoku earthquake, flooding from the ensuing tsunami caused the failure of cooling systems at the Fukushima I Nuclear Power Plant on 11 March 2011. Japan's first-ever nuclear emergency was declared, and 140,000 residents w ...
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EPR (nuclear Reactor)
The EPR is a third generation pressurised water reactor design. It has been designed and developed mainly by Framatome (part of Areva between 2001 and 2017) and Électricité de France (EDF) in France, and Siemens in Germany. In Europe this reactor design was called European Pressurised Reactor, and the internationalised name was Evolutionary Power Reactor, but it is now simply named EPR. The first operational EPR unit was China's Taishan 1, which started commercial operation in December 2018. Taishan 2 started commercial operation in September 2019. European units have been so far plagued with prolonged construction delays and substantial cost overruns. The first EPR unit to start construction, at Olkiluoto in Finland, achieved criticality in December 2021. It is expected to begin commercial operation after February 2023, a delay of thirteen years. The second EPR unit to start construction, at Flamanville in France, is also facing a decade-long delay (to 2024). T ...
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European Pressurized Reactor
The EPR is a Generation III reactor, third generation pressurised water reactor design. It has been designed and developed mainly by Framatome (part of Areva between 2001 and 2017) and Électricité de France (EDF) in France, and Siemens in Germany. In Europe this reactor design was called European Pressurised Reactor, and the internationalised name was Evolutionary Power Reactor, but it is now simply named EPR. The first operational EPR unit was China's Taishan Nuclear Power Plant, Taishan 1, which started commercial operation in December 2018. Taishan 2 started commercial operation in September 2019. European units have been so far plagued with prolonged construction delays and substantial cost overruns. The first EPR unit to start construction, at Olkiluoto Nuclear Power Plant#Unit 3, Olkiluoto in Finland, achieved Criticality (status), criticality in December 2021. It is expected to begin commercial operation after February 2023, a delay of thirteen years. The secon ...
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Mitsubishi Heavy Industries
is a Japanese multinational engineering, electrical equipment and electronics corporation headquartered in Tokyo, Japan. MHI is one of the core companies of the Mitsubishi Group and its automobile division is the predecessor of Mitsubishi Motors. MHI's products include aerospace and automotive components, air conditioners, elevators, forklift trucks, hydraulic equipment, printing machines, missiles, tanks, power systems, ships, aircraft, railway systems, and space launch vehicles. Through its defense-related activities, it is the world's 23rd-largest defense contractor measured by 2011 defense revenues and the largest based in Japan. History In 1857, at the request of the Tokugawa Shogunate, a group of Dutch engineers were invited, including Dutch naval engineer Hendrik Hardes, and began work on the ''Nagasaki Yotetsusho'' 長崎鎔鉄所 , a modern, Western-style foundry and shipyard near the Dutch settlement of Dejima, at Nagasaki. This was renamed ''Naga ...
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Nuclear Power In France
Since the mid 1980s, the largest source of electricity in France is Nuclear power, with a generation of 379.5 TWh in 2019 and a total electricity production of . In 2018, the nuclear share was 71.67%, the highest percentage in the world. Since June 2020, it has 56 operable reactors totalling 61,370 MWe, one under construction (1630 MWe), and 14 shut down or in decommissioning (5,549 MWe). In May 2022, EDF reported that twelve reactors were shut down and being inspected for stress corrosion, requiring EDF to adjust its French nuclear output estimate for 2022 to 280-300 TWh; the estimate of the impact of the decrease in output on the Group's EBITDA for 2022 was assessed to be -€18,5 billion. Électricité de France (EDF)the country's main electricity generation and distribution company – manages the country's 56 power reactors. EDF is substantially owned by the French Government, with around 85% shares in government hands. "Shareholding policy". Électricité de France ...
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Generation III Reactors
Generation III reactors, or Gen III reactors, are a class of nuclear reactors designed to succeed Generation II reactors, incorporating evolutionary improvements in design. These include improved fuel technology, higher thermal efficiency, significantly enhanced safety systems (including passive nuclear safety), and standardized designs intended to reduce maintenance and capital costs. They are promoted by the Generation IV International Forum (GIF). The first Generation III reactors to begin operation were Kashiwazaki 6 and 7 advanced boiling water reactors (ABWRs) in 1996 and 1997. Since 2012, both have been shut down due to security concerns. Due to the prolonged period of stagnation in the construction of new reactors and the continued (albeit declining) popularity of Generation II/II+ designs in new construction, relatively few third generation reactors have been built. Overview The older Gen II reactors comprise the vast majority of current nuclear reactors. Gen III re ...
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Mitsubishi APWR
The Mitsubishi advanced pressurized water reactor (APWR) is a generation III nuclear reactor design developed by Mitsubishi Heavy Industries (MHI) based on pressurized water reactor technology. It features several design enhancements including a neutron reflector, improved efficiency and improved safety systems. It has safety features advanced over the last generation, including a combination of passive and active systems. None are currently under construction. History The standard APWR is going through the licensing process in Japan and two (of 1538 MWe) are being constructed at the Tsuruga plant. The next APWR+ will be of a 1700 MWe power and have full MOX core abilities. The US-APWR was developed by MHI to modify their APWR design to comply with US regulations. TXU selected the US-APWR for use at multiple sites, including the Comanche Peak Nuclear Generating Station. However, in 2013, Mitsubishi slowed U.S. certification work, and the application to build two units at Coma ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Nuclear Technology Companies Of France
Nuclear may refer to: Physics Relating to the nucleus of the atom: * Nuclear engineering *Nuclear physics *Nuclear power *Nuclear reactor *Nuclear weapon *Nuclear medicine *Radiation therapy *Nuclear warfare Mathematics *Nuclear space *Nuclear operator *Nuclear congruence *Nuclear C*-algebra Biology Relating to the nucleus of the cell: * Nuclear DNA Society * Nuclear family, a family consisting of a pair of adults and their children Music * "Nuclear" (band), group music. * "Nuclear" (Ryan Adams song), 2002 *"Nuclear", a song by Mike Oldfield from his ''Man on the Rocks'' album * ''Nu.Clear'' (EP) by South Korean girl group CLC See also *Nucleus (other) *Nucleolus * Nucleation * Nucleic acid *Nucular ''Nucular'' is a common, proscribed pronunciation of the word "nuclear". It is a rough phonetic spelling of . The ''Oxford English Dictionary''s entry dates the word's first published appearance to 1943. Dictionary notes This is one of two con ...
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Turkish Lira
The lira ( tr, Türk lirası; sign: ₺; ISO 4217 code: TRY; abbreviation: TL) is the official currency of Turkey and Northern Cyprus. One lira is divided into one hundred ''kuruş''. History Ottoman lira (1844–1923) The lira, along with the related currencies of Europe and the Middle East, has its roots in the ancient Roman unit of weight known as the libra which referred to the Troy pound of silver. The Roman libra adoption of the currency spread it throughout Europe and the Near East, where it continued to be used into medieval times. The Turkish lira, the French livre (until 1794), the Italian lira (until 2002), Syrian pound, Lebanese pound and the pound unit of account in sterling (a translation of the Latin ''libra''; the word "pound" as a unit of weight is still abbreviated as "lb.") are the modern descendants of the ancient currency. The lira was introduced as the main unit of account in 1844, with the former currency, kuruş, remaining as a subdivision. The Ot ...
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