GE Hitachi and DTE Energy to Advance ESBWR Development

GE Hitachi Nuclear Energy (GEH) and DTE Energy (NYSE:DTE) today announced plans to explore advancing the detailed design of the Economic Simplified Boiling Water Reactor (ESBWR).

In May, DTE Energy received the first-ever ESBWR-based combined construction and operating license from the U.S. Nuclear Regulatory Commission (NRC). DTE has not made a commitment to build, but is keeping the option open, given the long-term environmental and economic advantages of nuclear power.

“DTE and GEH will further expand our cooperation by determining resource requirements and developing plans to advance the ESBWR design, enabling DTE Energy to be in a position to more readily begin work should the utility decide at a later date to add more carbon-free, base load power to its energy mix,” GE Hitachi Chief Operations Officer Jay Wileman said. “We view this as a very positive and important step in the continued commercialization of the world’s safest reactor.”

With its advanced, true passive safety systems, the ESBWR is the world’s safest approved nuclear reactor design based on core damage frequency. The reactor can cool itself for more than seven days with no on-site or off-site AC power or operator action, uses approximately 25 percent fewer pumps and mechanical drives than reactors with active safety systems and offers the lowest projected operating, maintenance and staffing costs in the nuclear industry on a per-kilowatt basis.

Dominion Virginia Power has also selected the ESBWR as their technology of choice for a potential third reactor at the North Anna site. That project is expected to be licensed by the NRC next year.

About GE Hitachi Nuclear Energy

Based in Wilmington, N.C., GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactors and nuclear services. Established in June 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151005005378/en/

GE Hitachi Nuclear EnergyJon Allen, [e-mail] Power & WaterShaun Wiggins, [e-mail]