GE to build more nuclear plants

Posted May 19th 2006 5:06PM by Tobias Buckell
Filed under: Press Releases, Industry, Competitive Strategy, General Electric (GE)

Well this is probably not going to be promoted under GE's Ecomagination series: GE is expecting two new contracts to build nuclear power plants.

The company already has a series of nuclear power plants under management for Entergy Corp, so this will put GE in a position of being a nuclear plant leader, and part of an initiative by the current administration to invest more in nuclear power. GE will be working on building five new nuclear power plants.

The last nuclear power plant in the US had been finished in 1971, so GE is in position to become the forefront of this total sea change, prompted by fears of foreign oil dominance, high oil prices, and higher need for energy. Another example of GE looking forward.

And with Greenpeace founder Patrick Moore making an impassioned case that nuclear is the true green technology, maybe GE will be able to tout nuclear energy as part of their Ecomagination line of technologies. Or not...

Tags: entergy corp, EntergyCorp, GE, ge nuclear energy, GeNuclearEnergy, green and nuclear, GreenAndNuclear, greenpeace, new nuclear plants, NewNuclearPlants, nuclear, nuclear plants, nuclear reactors, NuclearPlants, NuclearReactors, patrick moore, PatrickMoore

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Reader Comments (Page 1 of 1)

5-19-2006 @ 7:15PM

Dennis Woodson said...

The POTENTIAL of a nuclear accident is significant but there are a lot more accidents at refineries that cvause harm to populations and the environment. It is just that we grew up with refineries around so they are acceptable to us. If the nuclear age had dawned with a power plant rather than a bomb our outlook would probably be a lot different.

5-20-2006 @ 12:04PM

Frank J Wasneuski said...

New plants would be great...It's a new world out there...We need new ideas...

5-20-2006 @ 6:42PM

Russ McCrohon said...

It's about time someone in this country smartened up. New nuclear powerplants are the way to go and a long time in coming.

5-20-2006 @ 7:07PM

Nic Waller said...

Funny- GE is touting the eco-imagination- yet is going full steam ahead with the LMS and H turbine...
What about the wind division- I mean, really- the PTC
was extended a few months ago- shouldn't that be the REAL
cash cow of GE Energy...

5-21-2006 @ 11:20PM

Kevin Duffy said...

It is at least 10 years overdue.
however--a awful lot of energy goes into builidng a plant, and creating the fuel. I am curious what the net gain is-how much "free" energy do we think we are getting?

The TVA paid a heavy environmental price to make the raw stuff. Do not forget the extraction costs, transportation costs (measured in therms).

We must as a nation reembark on the nuc path.