GE Hitachi, ARC extend small modular reactor pact

• GE Hitachi Nuclear Energy, the joint venture 60% owned by GE and 40% by Japan's Hitachi, unveils steps to further collaborate with Advanced Reactor Concepts to develop and license the ARC-100 advance small modular reactor.
• Through a newly-signed development agreement, GE Hitachi says it will license intellectual property associated with its PRISM advanced reactor design to ARC Nuclear and provide ARC Nuclear, a privately held Delaware company that specializes in small fast reactor technology, access to nuclear infrastructure programs.
• GE Hitachi says it also will make an in-kind contribution to ARC Nuclear through an agreement to provide engineering and design expertise.

Comments

[garveyr]

Unreal this GE alway in the red!

[Ronald Rusin]

Yup, GE continues to drop like a rock!!!!!!! A penny stock? Haha Getting ready to buy more if it gets below $20.

[Ronald Rusin]

Possibly a new low today?

[Mickey01]

A reactor in every home and car!

[NucE]

believeme, don't hold your breath.

[believeme]

can't wait for small nuclear batteries so my cell phone lasts for eternity

[thebillelliott]

lol, liked that one

[Ronald Rusin]

With a plug in to run anything!!!!!