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GE Hitachi Nuclear Energy and Savannah River Nuclear Solutions enter into MOU for small modular reactor technology.

M2 EQUITYBITES-October 28, 2010-GE Hitachi Nuclear Energy and Savannah River Nuclear Solutions enterinto MOU for small modular reactor technology(C)2010 M2 COMMUNICATIONS http://www.m2.com

GE Hitachi Nuclear Energy (GEH) and Savannah River Nuclear Solutions LLC (SRNS) have signed a memorandum of understanding (MOU) to explore the usage of small modular reactor technologies.

Under the MOU signed on Wednesday, the companies will explore the potential of deploying a prototype of GEH's Generation IV PRISM reactor as part of a proposed demonstration of small modular reactor technologies at the US Department of Energy's (DOE) Savannah River Site.

This MOU is expected to set the stage for continued discussions on the potential NRC licensing and deployment of a 299-megawatt (MW) PRISM reactor at the federally owned facility.

SRNS is the management and operating contractor for DOE at Savannah River Site (SRS).

GE Hitachi Nuclear Energy (GEH), a provider of advanced reactors and nuclear services, is a global nuclear alliance created by General Electric Company (NYSE:GE) and Hitachi.

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Publication:M2 EquityBites (EQB)
Date:Oct 28, 2010
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