News Archive Article

AREVA Applauds Constellation Energy and EDF Joint Venture

PARIS, FRANCE - AREVA Inc. is pleased with the announcement of a strategic joint venture - UniStar Nuclear Energy, LLC - between Electricite de France (EDF) and Constellation Energy. To support the development and deployment of AREVA's U.S. Evolutionary Power Reactor (U.S. EPR) in the United States and Canada.

AREVA views the agreement signed between EDF and Constellation Energy as further proof of Constellation Energy's commitment to the U.S. EPR design. AREVA will continue to market the U.S. EPR technology through the UniStar Nuclear business model established in 2005.

UniStar Nuclear is a jointly developed enterprise of Constellation Energy and AREVA Inc. that provides a platform upon which to deploy the safest, most secure and most reliable standardized fleet of advanced, nuclear power plants in the United States. It brings together industry-leading design, licensing, construction, and operations expertise in a unique business model that is pioneering a new era of emissions-free American power generation.

AREVA sees the combination of EDF's financial investment and expertise in nuclear power operations as strengthening the position of the U.S. EPR in the United States. The design certification process for the U.S. EPR is in progress with the U.S. Nuclear Regulatory Commission, and is among AREVA's contributions to the UniStar Nuclear business model.

Several U.S. energy companies have also indicated their interest in the U.S. EPR technology for potential new nuclear power development projects with the NRC. In addition to Constellation Energy, the commission currently lists applications anticipated by AmerenUE and Amarillo Power.

The AREVA EPR is an evolutionary 1,600 MW pressurized water reactor design based on well proven technology. It is the only Generation III+ design that is actually being built and incorporates significant improvements in safety and economics over previous technologies, providing lower total lifecycle costs and the greatest physical safety for 21st century scenarios.

Related News

towers

Alberta Introduces New Electricity Rules

EDMONTON - The Alberta government is overhauling its electricity regulations, a move aimed at reducing spikes in electricity prices for consumers and businesses. The new rules, set to be introduced this spring, are intended to stabilize the default electricity rate paid by many Albertans.


Background on the Rate of Last Resort

Albertans currently have the option to sign up for competitive contracts with electricity providers. These contracts can sometimes offer lower rates than the default electricity rate, officially known as the Regulated Rate Option (RRO).  However, these competitive rates can fluctuate significantly. Currently, those unable to secure these…

READ MORE
ev charging station

B.C. Hydro adds more vehicle charging stations across southern B.C.

READ MORE

uk-renewable-energy-auction-boost-for-wind-and-tidal-power

UK Renewable Energy Auction: Boost for Wind and Tidal Power

READ MORE

heatwave-sparks-unprecedented-electricity-demand

Heatwave Sparks Unprecedented Electricity Demand Across Eastern U.S

READ MORE

central asian power shortage

Why Is Central Asia Suffering From Severe Electricity Shortages?

READ MORE