 | |
| Industry | Nuclear power |
|---|---|
| Founded | 2009 |
| Defunct | 23 December 2021 |
| Fate | Liquidation |
| Headquarters | Manchester, UK |
| Products | Electricity |
| Owner | Toshiba |
| Website | www |
NuGeneration (NuGen) was a company that planned to build a new nuclear power station nearby the Sellafield nuclear site in the United Kingdom. The proposed site was called Moorside , and is to the north and west of Sellafield. On 8 November 2018, Toshiba announced their withdrawal from the project and intent to liquidate NuGen. [1]
NuGen was established in February 2009 as a joint venture between ENGIE (formerly GDF Suez), Iberdrola and Scottish and Southern Energy (SSE). The initial holdings in NuGen were ENGIE and Iberdrola each with 37.5% and SSE with 25%.
The company had announced plans to build a new nuclear power station of up to 3.6GW capacity adjacent to the Sellafield complex in North West England. In October 2009, it purchased an option to acquire land around Sellafield from the Nuclear Decommissioning Authority for £70 million. The company planned to make a final investment decision in 2015 with a view to starting production in 2023. [2] When it began, NuGen evaluated building either two Areva 1,650 MWe EPR or three Westinghouse 1,100 MWe AP1000 reactors. [3]
In September 2011, SSE announced that it had left the consortium, with ENGIE and Iberdrola buying SSE out to increase their stakes to 50% each. [4]
In December 2013, Toshiba, through its Westinghouse subsidiary, agreed to pay £85 million for Iberdrola's 50% share of NuGen. [5] Toshiba also intends to purchase part of ENGIE's stake, giving it 60% ownership. [6] The change in ownership will cause the chosen new build reactor to the Westinghouse 1,100 MWe AP1000, [7] with a target first operation date of 2024. [6]
In June 2014, Toshiba and ENGIE announced plans for three AP1000s at Moorside at a cost of at least £10 billion. The build was planned to start in 2020, with a target of having the first reactor operating in 2024. Sandy Rupprecht, who had headed development of the Westinghouse AP1000 reactor, would be the new chief executive of NuGen. [8] The final investment decision was due for 2018. [9]
In 2015, NuGen re-located its headquarters to Manchester. [10] In July 2015, NuGen purchased the land near Sellafield it had an option on, approximately 200 hectares, for an undisclosed sum. [11]
The AP1000 design requires Office for Nuclear Regulation (ONR) Generic Design Assessment, which was initially planned to finish in March 2017. However as of November 2016 the ONR noted there was a "very large amount of assessment to complete with issues still emerging". Slippage of the completion date is likely. [12] [13]
In February 2017 the Japanese newspaper Asahi Shimbun reported that Toshiba, following financial difficulties in 2016, wished to sell its shares in Westinghouse and NuGen over the next few years, [14] [15] although Toshiba stated to remain committed to the project. [16] Korea Electric Power Corporation, who build the APR-1400 reactor, expressed an interest in purchasing Toshiba’s 60% share of NuGen, subject to suitable sale conditions. [17] [18]
On 29 March 2017 Toshiba placed Westinghouse in Chapter 11 bankruptcy because of $9 billion of losses from its nuclear reactor construction projects, mostly the construction of four AP1000 reactors in the United States. [19] Following on from this, on 4 April 2017, ENGIE exercised its contractual right to sell its 40% stake in NuGen to Toshiba for $138 million, leaving Toshiba as sole owner. [20] A strategic review of the Moorside project is being conducted, including discussions about the involvement of South Korean government backed Korea Electric Power Corporation. [21] [22]
In December 2017 Korea Electric Power Corporation (Kepco) was announced as the preferred bidder to acquire NuGen, with a target date for the purchase of early 2018. Kepco would aim to build APR-1400 reactors, which would require an Office for Nuclear Regulation Generic Design Assessment. [23]
In July 2018 Kepco’s preferred bidder status was terminated, and in September 2018 NuGen announced that it would reduce staffing by 60% with remaining staff focusing on the sale of the project. [24]
On 8 November 2018, Toshiba announced they had withdrawn from the project and had liquidated NuGen. [1] [25]
NuGen was dissolved on 23 December 2021. [26]
Westinghouse Electric Company LLC is an American nuclear power company formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation. It offers nuclear products and services to utilities internationally, including nuclear fuel, service and maintenance, instrumentation, control and design of nuclear power plants. Westinghouse's world headquarters are located in the Pittsburgh suburb of Cranberry Township, Pennsylvania. Brookfield Business Partners, a Canadian private equity fund and a subsidiary of Brookfield Asset Management is the majority owner of Westinghouse.
Great British Nuclear, officially British Nuclear Fuels Ltd is a nuclear energy and fuels company owned by the UK Government. It is a non-departmental public body sponsored by the Department for Energy Security and Net Zero.
Wylfa nuclear power station is a Magnox nuclear power station undergoing decommissioning. Wylfa is situated west of Cemaes Bay on the island of Anglesey, off the northwestern coast of Wales. Construction of the two 490 MW nuclear reactors, known as Reactor 1 and Reactor 2, began in 1963. They became operational in 1971. Wylfa was located on the coast because seawater was used as a coolant.
The EPR is a third generation pressurised water reactor design. It has been designed and developed mainly by Framatome and Électricité de France (EDF) in France, and by Siemens in Germany. In Europe this reactor design was called European Pressurised Reactor, and the internationalised name was Evolutionary Power Reactor, but is now simply named EPR.
The Virgil C. Summer Nuclear Power Station occupies a site near Jenkinsville, South Carolina, in Fairfield County, South Carolina, approximately 20 miles (32 km) northwest of Columbia.
The "Nuclear Power 2010 Program" was launched in 2002 by President George W. Bush in 2002, 13 months after the beginning of his presidency, in order to restart orders for nuclear power reactors in the U.S. by providing subsidies for a handful of Generation III+ demonstration plants. The expectation was that these plants would come online by 2010, but it was not met.
The AP1000 is a nuclear power plant designed and sold by Westinghouse Electric Company. The plant is a pressurized water reactor with improved use of passive nuclear safety and many design features intended to lower its capital cost and improve its economics.
Nuclear power in the United Kingdom generated 16.1% of the country's electricity in 2020. As of August 2022, the UK has 9 operational nuclear reactors at five locations, producing 5.9 GWe. It also has nuclear reprocessing plants at Sellafield and the Tails Management Facility (TMF) operated by Urenco in Capenhurst.
Korea Electric Power Corporation, better known as KEPCO or Hanjeon, is the largest electric utility in South Korea, responsible for the generation, transmission and distribution of electricity and the development of electric power projects including those in nuclear power, wind power and coal. KEPCO, through its subsidiaries, is responsible for 93% of Korea's electricity generation as of 2011. The South Korean government owns a 51.11% share of KEPCO. Together with its affiliates and subsidiaries, KEPCO has an installed capacity of 65,383 MW. On the 2011 Fortune Global 500 ranking of the world's largest companies, KEPCO was ranked 271. KEPCO is a member of the World Energy Council, the World Nuclear Association and the World Association of Nuclear Operators. As of August 2011, KEPCO possesses an A+ credit rating with Fitch Ratings, while Moody's has assigned KEPCO an A1 stable rating.
China is one of the world's largest producers of nuclear power. The country ranks third in the world both in total nuclear power capacity installed and electricity generated, accounting for around one tenth of global nuclear power generated. As of February 2023, China has 55 plants with 57GW in operation, 22 under construction with 24 GW and more than 70 planned with 88GW. About 5% of electricity in the country is due to nuclear energy. These plants generated 417 TWh of electricity in 2022 This is versus the September 2022 numbers of 53 nuclear reactors, with a total capacity of 55.6 gigawatt (GW). In 2019, nuclear power had contributed 4.9% of the total Chinese electricity production, with 348.1 TWh.
The Sanmen Nuclear Power Station is a nuclear power station in Sanmen County, Zhejiang, China. Sanmen is the first implementation of the AP1000 pressurized water reactor (PWR) developed by Westinghouse Electric Company.
The Khmelnytskyi Nuclear Power Plant is a nuclear power plant in Netishyn, Khmelnytskyi, Ukraine. The plant is operated by Energoatom. Two VVER-1000 reactors are operational, each generating 1000 MW (net) of electricity.
Slovakia has five operational nuclear reactors, with a combined net power capacity of 2,308 MWe, with a sixth coming on line shortly.
The Office for Nuclear Regulation (ONR) is the regulator for the nuclear industry in the United Kingdom. It is an independent statutory corporation whose costs are met by charging fees to the nuclear industry. The ONR reports to the Department for Work and Pensions, although it also worked closely with the now-defunct Department of Energy and Climate Change.
The APR-1400 is an advanced pressurized water nuclear reactor designed by the Korea Electric Power Corporation (KEPCO). Originally known as the Korean Next Generation Reactor (KNGR), this Generation III reactor was developed from the earlier OPR-1000 design and also incorporates features from the US Combustion Engineering (C-E) System 80+ design. Currently in South Korea there are 3 units in operation, and 3 units in construction. Three units are completed and in commercial operation in the United Arab Emirates at Barakah, with one more under construction at the same plant.
Moorside nuclear power station is proposed for a site near Sellafield, in Cumbria, England. The original plan by NuGeneration, a British subsidiary of Toshiba-owned Westinghouse Electric Company, had the station coming online from 2024 with 3.4 GW of new nuclear capacity, from three AP1000 reactors. Work up to 2018 would include acquiring the site licence, the development consent order, and other required permits and permissions to start work. Site preparation was to take two years, up to 2020.
The Hualong One is a Chinese Generation III pressurized water nuclear reactor jointly developed by the China General Nuclear Power Group (CGN) and the China National Nuclear Corporation (CNNC). The CGN version, and its derived export version, is called HPR1000. It is commonly mistakenly referred to in media as the "ACPR1000" and "ACP1000", which are in fact earlier reactors design programs by CGN and CNNC.
Shidao Bay Nuclear Power Plant, commonly known as Shidaowan, is a nuclear power plant in Shandong province, China. The site is located near the Xiqianjia village in Ningjin subdistrict, Rongcheng, Weihai, Shandong. The plant is located about 23 kilometres (14 mi) south of Rongcheng City, 14 kilometres (8.7 mi) northwest of Shidao, and 68 kilometres (42 mi) southeast of Weihai City.
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