Since the 1980s, GE and Hitachi have worked together in developing Advanced Boiling Water Reactors (ABWRs) in Asia, a design that represents the world's only commercially proven Generation III reactor design.
The technology, conceptualized and produced by GEH, is an evolution of the standard boiling water reactor design and uses simplified design features and fewer components, thereby allowing for faster construction and lower operating costs, as well as enhanced safety features.
GEH's portfolio of nuclear reactors also includes the Advanced Boiling Water Reactor (ABWR), the world's only Generation III reactor that has been certified in the United States and that has successful construction and operational experience.
Less than a month after GE acquired a $500 million order for gas turbines from nuclear power firm Exelon, GE Hitachi landed a contract worth almost $300 million to give fuel and maintenance services for the same firm's boiling water reactor nuclear energy facilities.
The Japanese electronics company said it has agreed with Fennovoima to provide essential engineering data on its advanced boiling water reactor until the Finnish company makes its final decision on a supplier of the nuclear power plant in 2012.