This article needs additional citations for verification .(July 2011) |
Industry | Nuclear fuel |
---|---|
Founded | 1 April 1960 as Nuklear-Chemie und -Metallurgie GmbH |
Founder | Degussa Rio Tinto Mallinckrodt |
Headquarters | , |
Parent | Cameco |
Website | www |
Nukem GmbH, together with its subsidiary Nukem Inc., markets nuclear fuel components and speciality products utilities worldwide. Since the 1970s, Nukem has transitioned from playing a modest role in uranium brokerage to becoming one of the world's largest intermediaries in the international nuclear fuel market.
Nukem was established in 1960 by Degussa, Rio Tinto and Mallinckrodt. In 1965, RWE acquired 25% of shares.
Effective April 1, 2006, the private equity firm Advent International has taken over Nukem.
In 2007, Nukem sold its subsidiaries NUKEM Ltd. to Freyssinet SAS, NUKEM Corp. to EnergySolutions, NIS Ingenieure and Assistance Nucleaire S.A. to Siempelkamp. On 14 December 2009, Nukem sold its subsidiary Nukem Technologies, which is dealing with nuclear power plant decommissioning, waste management and engineering services, to Russian Atomstroyexport for €23.5 million. [1]
The company markets nuclear fuel components to utilities in North and South America, Western Europe and the Far East.
Hitachi, Ltd. is a Japanese multinational conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group and had formed part of the Nissan zaibatsu and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank merged into the Mizuho Financial Group. As of 2020, Hitachi conducts business ranging from IT, including AI, the Internet of Things, and big data, to infrastructure.
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.
British Nuclear Fuels Limited (BNFL) was a nuclear energy and fuels company owned by the UK Government. It was a manufacturer of nuclear fuel, ran reactors, generated and sold electricity, reprocessed and managed spent fuel, and decommissioned nuclear plants and other similar facilities.
The United Kingdom Atomic Energy Authority is a UK government research organisation responsible for the development of fusion energy. It is an executive non-departmental public body of the Department for Business, Energy and Industrial Strategy (BEIS).
Areva S.A. is a French multinational group specializing in nuclear power headquartered in Courbevoie, France. Before its 2016 corporate restructuring, Areva was majority-owned by the French state through the French Alternative Energies and Atomic Energy Commission (54.37%), Banque publique d'investissement (3.32%), and Agence des participations de l'État (28.83%). Électricité de France, of which the French government has a majority ownership stake, owned 2.24%; Kuwait Investment Authority owned 4.82% as the second largest shareholder after the French state.
The Nuclear Decommissioning Authority (NDA) is a non-departmental public body of the Department for Business, Energy and Industrial Strategy, formed by the Energy Act 2004. It evolved from the Coal and Nuclear Liabilities Unit of the Department of Trade and Industry. It came into existence during late 2004, and took on its main functions on 1 April 2005. Its purpose is to deliver the decommissioning and clean-up of the UK's civil nuclear legacy in a safe and cost-effective manner, and where possible to accelerate programmes of work that reduce hazard. The NDA does not directly manage the UK's nuclear sites. It oversees the work through contracts with specially designed companies known as site licence companies. The NDA determines the overall strategy and priorities for managing decommissioning.
The Ignalina Nuclear Power Plant is a decommissioned two-unit RBMK-1500 nuclear power station in Visaginas Municipality, Lithuania. It was named after the nearby city of Ignalina. Due to the plant's similarities to the infamous Chernobyl Nuclear Power Plant in both reactor design and lack of a robust containment building, Lithuania agreed to close the plant as part of its accession agreement to the European Union. Unit 1 was closed in December 2004; Unit 2, which counted for 25% of Lithuania's electricity generating capacity and supplied about 70% of Lithuania's electrical demand, was closed on December 31, 2009. Proposals have been made to construct a new nuclear power plant at the same site, but plans have not materialised since then.
Babcock & Wilcox is an American renewable, environmental and thermal energy technologies and service provider that is active and has operations in many international markets across the globe with its headquarters in Akron, Ohio, USA. Historically, the company is best known for their steam boilers.
Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan, Canada. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
E.ON SE is a European multinational electric utility company based in Essen, Germany. It runs one of the world's largest investor-owned electric utility service providers. The name comes from the Latin word aeon, from the Greek aion which means age. The company is a component of the Euro Stoxx 50 stock market index, DAX stock index and a member of the Dow Jones Global Titans 50 index.
RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in Asia-Pacific, Europe and the United States. The company is the world's number two in offshore wind power and Europe's third largest company in renewable energy. In the 2020 Forbes Global 2000, RWE Group was ranked as the 297th-largest public company in the world.
Constellation Energy Corporation is an energy company headquartered in Baltimore, Maryland, United States. The company provides electric power, natural gas, and energy management services. It has approximately two million customers across the continental United States.
The Megatons to Megawatts Program, also called the United States-Russia Highly Enriched Uranium Purchase Agreement, was an agreement between Russia and the United States. The official name of the program is the "Agreement between the Government of the Russian Federation and the Government of the United States of America Concerning the Disposition of Highly-Enriched Uranium Extracted from Nuclear Weapons", dated February 18, 1993. Under this Agreement, Russia agreed to supply the United States with low-enriched uranium (LEU) obtained from high-enriched uranium (HEU) found to be in excess of Russian defense purposes. The United States agreed to purchase the low-enriched uranium fuel.
The Urenco Group is a British-German-Dutch nuclear fuel consortium operating several uranium enrichment plants in Germany, the Netherlands, United States, and United Kingdom. It supplies nuclear power stations in about 15 countries, and states that it had a 29% share of the global market for enrichment services in 2011. Urenco uses centrifuge enrichment technology.
EnergySolutions, headquartered in Salt Lake City, Utah, is one of the largest processors of low level waste (LLW) in America, making it also one of the world's largest nuclear waste processors. It was formed in 2007 when Envirocare acquired three other nuclear waste disposal companies: Scientech D&D, BNG America, and Duratek.
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
The uranium market, like all commodity markets, has a history of volatility, moving with the standard forces of supply and demand as well as geopolitical pressures. It has also evolved particularities of its own in response to the unique nature and use of uranium.
Atomstroyexport is the Russian Federation's nuclear power equipment and service exporter. It is a fully owned subsidiary of Rosatom. The activities of Atomstroyexport are financially supported by the Russian government. The President of ASE Group of Companies is Alexander Lokshin.
Hunterston A nuclear power station is a decommissioned Magnox nuclear power station located at Hunterston in Ayrshire, Scotland, adjacent to Hunterston B. The ongoing decommissioning process is being managed by Nuclear Decommissioning Authority (NDA) subsidiary Magnox Ltd.
NUKEM Technologies GmbH is a nuclear engineering and consulting company managing radioactive waste and spent fuel and decommissioning of nuclear facilities. The company is located in Alzenau, Germany. It was established in 2006 as a subsidiary of Nukem Energy. On 14 December 2009, Nukem Technologies was sold to Russian Atomstroyexport for €23.5 million.