![[GEVH_Primary_Logo.svg|300]] Company website: [https://www.gevernova.com/nuclear](https://www.gevernova.com/nuclear) ### Introduction GE Vernova Hitachi Nuclear Energy (GVH), formerly GE Hitachi Nuclear Energy, was established in June 2007 as a joint venture between General Electric (now GE Vernova) and Hitachi to combine their expertise in nuclear technology and serve the global nuclear industry. Headquartered in Wilmington, North Carolina, United States, GVH's mission is to deliver advanced reactor technologies, fuel, and services that provide safe, reliable, and carbon-free energy solutions to support energy security, decarbonization, and global power needs. The company's key focus areas include developing and deploying boiling water reactors (BWRs) and small modular reactors (SMRs) for electricity generation and industrial applications; providing nuclear fuel fabrication and supply; and offering comprehensive services such as plant maintenance, life extension, upgrades, and decommissioning to enhance performance, safety, and efficiency across the nuclear lifecycle. With over 3,000 employees worldwide, GVH leverages the combined heritage of its parent companies—each with more than 50 years in nuclear engineering—to advance innovative, cost-competitive solutions for the energy transition. ### Key Products and Technology - **BWRX-300 Small Modular Reactor**: A 300 MWe Generation III+ boiling water reactor (BWR) with modular design for factory fabrication and rapid deployment; features include passive safety systems relying on natural circulation and gravity, simplified construction using 90% less concrete and steel than traditional BWRs, and a 60-year design life; high fuel efficiency with standard uranium fuel; applications in baseload electricity for grids, industrial heat, district heating, desalination, and hydrogen production, with first deployment targeted for 2029. - **Advanced Boiling Water Reactor (ABWR)**: A proven Generation III BWR with up to 1,350 MWe output; features internal pumps for recirculation, fine motion control rod drives for enhanced safety, and digital instrumentation; fuel efficiency optimized for long cycles; applications in large-scale power generation, with four units operational in Japan and others under construction or planned globally. - **Economic Simplified Boiling Water Reactor (ESBWR)**: A 1,520 MWe passive-safety BWR; features natural circulation cooling eliminating recirculation pumps, modular construction for cost reduction, and enhanced seismic resistance; high burn-up fuel efficiency; applications for utility-scale electricity with NRC design certification. - **Nuclear Fuel and Components**: Includes uranium dioxide pellets, zirconium-alloy tubing, and full fuel assemblies for BWRs; features high-purity materials for safety and efficiency; applications in fueling operational reactors, with production at facilities in Wilmington, NC, and Kurihama, Japan. - **Plant Services and Upgrades**: Comprehensive offerings including outage management, inspections, decommissioning, life extension, dose reduction, and virtual reality training simulators; features advanced robotics and digital tools for efficiency; applications in maintaining and optimizing existing nuclear plants worldwide. ### Team and Leadership - **Craig Ranson, President & CEO**: Oversees global operations and strategy; joined GVH in June 2024 from Framatome, where he served as EVP of North America installed base business, focusing on products, services, and engineering for nuclear plants; over 30 years in the industry. - **Sean Sexstone, Executive Vice President, Advanced Nuclear**: Leads design and deployment of advanced reactors like BWRX-300 and Natrium; previously at Aecon leading nuclear life extension and fabrication; focuses on customer support, cost targets, and global SMR partnerships. - **Mike Chilton, Executive Vice President, Fuels**: Manages global fuel operations and innovation; holds two nuclear patents; formerly President & CEO at Pegasus-Global Holdings and SVP at AES Corporation overseeing $8B in power projects. - **Nicole Holmes, Chief Commercial Officer**: Directs global sales, marketing, and contracts; 25+ years in energy, starting in reactor engineering at Duke Energy; committed to carbon-free power mission; chairs Strategic Energy Institute board at Georgia Tech. ### Recent News and Developments (2025) | Date | Event | Details | |------|--------|---------| | July 18, 2025 | NRC Dockets TVA's Clinch River Application | U.S. Nuclear Regulatory Commission accepts TVA's construction permit application for a BWRX-300 SMR at Clinch River, marking a key step in U.S. deployment. | | July 15, 2025 | WiN Global Conference Participation | GVH Canada Country Leader Lisa McBride discusses nuclear industry's future at Women in Nuclear conference in London. | | July 10, 2025 | TVA's BWRX-300 Application Accepted | TVA's construction permit for BWRX-300 at Clinch River accepted by NRC, first such U.S. application. | | July 1, 2025 | Early Works Agreement with Fortum | GVH and Fortum sign agreement for pre-licensing and engineering of BWRX-300 deployment in Finland and Sweden by 2030s. | | June 24, 2025 | Canadian SMR Service Center Announcement | GVH commits C$70M to build BWRX-300 engineering and service center in Ontario near Darlington site. | | June 10, 2025 | GENUSA JV Extension | Extends joint venture with ENUSA through 2030 for European BWR fuel supply. | | May 27, 2025 | MoU with ENEC | Signs agreement with Emirates Nuclear Energy Corporation for BWRX-300 evaluation in UAE. | | May 20, 2025 | TVA Submits BWRX-300 Application | TVA files first U.S. construction permit for BWRX-300 SMR. | | May 12, 2025 | OPG Receives Construction Permission | Ontario approves construction of first BWRX-300 at Darlington, first North American SMR. | | May 9, 2025 | Darlington Component Supply Agreement | Hitachi-GE to supply key reactor components like internals and control rod drives for OPG's Darlington project. | | April 24, 2025 | Company Name Change Announcement | Hitachi-GE Nuclear Energy announces rebranding to Hitachi GE Vernova Nuclear Energy effective June 1. | ### Partnerships and Collaborations - **Fortum**: Early works agreement in July 2025 for BWRX-300 pre-licensing and engineering in Finland and Sweden, targeting 2030s deployment. - **Ontario Power Generation (OPG)**: Long-term collaboration on Darlington New Nuclear Project, including May 2025 component supply and construction approval for four BWRX-300 units; extends to supply chain and workforce development. - **Tennessee Valley Authority (TVA)**: Multi-party agreement for BWRX-300 at Clinch River, including January 2025 selection of Bechtel, Sargent & Lundy, and GVH as partners; May 2025 construction application submission. - **Emirates Nuclear Energy Corporation (ENEC)**: May 2025 MoU for evaluating BWRX-300 deployment in UAE, focusing on technology sharing and feasibility. - **ENUSA**: Extended GENUSA JV through 2030 for BWR fuel supply in Europe, announced June 2025. - **[[TerraPower]]**: Collaboration since 2020 on Versatile Test Reactor design and construction via public-private partnership. - **UK Engineering Firms (e.g., Boccard)**: February 2025 MoUs for BWRX-300 supply chain development in UK. - **Duke Energy**: January 2025 agreement for investment in BWRX-300 design and licensing to explore new nuclear technologies. - **Net Zero Nuclear**: Corporate partner since 2023 for advancing nuclear in decarbonization efforts. ### Closing Note As a mature joint venture with strong backing from GE Vernova and Hitachi, GVH is well-positioned for growth through 2025 and beyond, with advancing BWRX-300 deployments in multiple countries driving revenue and establishing leadership in the SMR market amid global demand for clean energy. *Report generated July 28, 2025*