Difference between revisions of "Hitachi"

From Powerbase
Jump to: navigation, search
m (UK nuclear plans: typo)
Line 4: Line 4:
  
 
==UK nuclear plans==
 
==UK nuclear plans==
In October 2012, it announced the acquisition of [[Horizon Nuclear Power]] from [[E.ON]] and [[RWE]]. The deal is expected to be completed at the end of November and Hitachi says it will then start "leading a programme of building new nuclear power plants in the United Kingdom". It also announced deals with [[Rolls-Royce]] and [[Babcock International]] to help it deliver the programme. Hitachi said that the deal heralded the start of "100 year commitment" to the UK.<ref>[http://www.hitachi.com/New/cnews/f_121030a.pdf Hitachi Announces the Acquisition of Horizon Nuclear Power], Hitachi, 30 October 2012</ref>
+
In October 2012, it announced the acquisition of [[Horizon Nuclear Power]] from [[E.ON]] and [[RWE]]. The deal is expected to be completed by the end of November and Hitachi says it will then start "leading a programme of building new nuclear power plants in the United Kingdom". It also announced deals with [[Rolls-Royce]] and [[Babcock International]] to help it deliver the programme. Hitachi said that the deal heralded the start of "100-year commitment" to the UK.<ref>[http://www.hitachi.com/New/cnews/f_121030a.pdf Hitachi Announces the Acquisition of Horizon Nuclear Power], Hitachi, 30 October 2012</ref>
  
 
Horizon has the rights to build reactors at Wylfa on Anglesey, north Wales, and Oldbury in Gloucestershire and Hitachi plans to build two or three new stations at each site, which will start generating electricity in the "first half of the 2020s". Hitachi beat off a rival bid for Horizon from a consortium led by US nuclear engineering company [[Westinghouse]].<ref>[http://www.guardian.co.uk/environment/2012/oct/30/hitachi-next-generation-british-nuclear-plants?intcmp=122 Hitachi buys right to build next generation of British nuclear plants], ''The Guardian'', 30 October 2012</ref>  
 
Horizon has the rights to build reactors at Wylfa on Anglesey, north Wales, and Oldbury in Gloucestershire and Hitachi plans to build two or three new stations at each site, which will start generating electricity in the "first half of the 2020s". Hitachi beat off a rival bid for Horizon from a consortium led by US nuclear engineering company [[Westinghouse]].<ref>[http://www.guardian.co.uk/environment/2012/oct/30/hitachi-next-generation-british-nuclear-plants?intcmp=122 Hitachi buys right to build next generation of British nuclear plants], ''The Guardian'', 30 October 2012</ref>  
  
However, the BBC reported that a senior Hitcahi executive acknowledged that beyond the announced acquisition price the company has not yet fully committed to invest anything at all.<ref>Jorn Madslien, [http://www.bbc.co.uk/news/business-20137573 Hitachi's nuclear deal still faces hurdles], BBC News website, 30 October 2012</ref>
+
However, the BBC reported that a senior Hitachi executive acknowledged that beyond the announced acquisition price the company has not yet fully committed to invest anything at all.<ref>Jorn Madslien, [http://www.bbc.co.uk/news/business-20137573 Hitachi's nuclear deal still faces hurdles], BBC News website, 30 October 2012</ref>
  
 
==GE Hitachi Nuclear Energy==
 
==GE Hitachi Nuclear Energy==

Revision as of 01:53, 6 November 2012

Nuclear spin.png This article is part of the Nuclear Spin project of Spinwatch.

Background

Hitachi Ltd is a global company, headquartered in Japan, with a significant interest in nuclear energy.

UK nuclear plans

In October 2012, it announced the acquisition of Horizon Nuclear Power from E.ON and RWE. The deal is expected to be completed by the end of November and Hitachi says it will then start "leading a programme of building new nuclear power plants in the United Kingdom". It also announced deals with Rolls-Royce and Babcock International to help it deliver the programme. Hitachi said that the deal heralded the start of "100-year commitment" to the UK.[1]

Horizon has the rights to build reactors at Wylfa on Anglesey, north Wales, and Oldbury in Gloucestershire and Hitachi plans to build two or three new stations at each site, which will start generating electricity in the "first half of the 2020s". Hitachi beat off a rival bid for Horizon from a consortium led by US nuclear engineering company Westinghouse.[2]

However, the BBC reported that a senior Hitachi executive acknowledged that beyond the announced acquisition price the company has not yet fully committed to invest anything at all.[3]

GE Hitachi Nuclear Energy

In June 2007, GE and Hitachi set up GE Hitachi Nuclear Energy to serve the global nuclear industry. It describes itself as 'a world-leading provider of advanced reactors and nuclear services' and is based in the US.

People

Hiroaki Nakanishi is Hitachi's President

Board members are:

Masaharu Hanyu is the Vice President, Executive Officer, Chief Executive Officer of Nuclear Systems and General Manager of Nuclear Systems Division[4]

Website

www.hitachi.com

Notes

  1. Hitachi Announces the Acquisition of Horizon Nuclear Power, Hitachi, 30 October 2012
  2. Hitachi buys right to build next generation of British nuclear plants, The Guardian, 30 October 2012
  3. Jorn Madslien, Hitachi's nuclear deal still faces hurdles, BBC News website, 30 October 2012
  4. Executive officers, Hitachi, undated, accessed 3 November 2012