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29 September 2006 -- GE Energy's nuclear business today formally marked its 50th anniversary as a reactor technology provider for the global nuclear industry. GE's employees in North America, as well as throughout Europe and Asia, celebrated the company's milestone.
GE entered the nuclear industry in 1956, just three years after President Dwight D. Eisenhower, in his famous 1953 "Atoms for Peace" speech at the United Nations, called for the peaceful use of nuclear energy. Since then, GE has established its design of boiling water reactor (BWR) technology and services.
In those spanning years, GE's nuclear business has experienced dramatic changes, reflecting similar developments throughout the industry.
For GE, those changes include the 2003 move of its headquarters to Wilmington, North Carolina, US, from San Jose, California, as part of GE's initial preparations for an expected "renaissance" in the global industry after a 25-year lull in the U.S. and western European reactor markets.
Since moving its headquarters to North Carolina, GE has announced a number of other major initiatives. This includes a $78 million expansion of its Wilmington site to prepare for new unit orders.
As part of its Wilmington expansion project, in May 2006, GE began building a new advanced reactor technology design center, which will house more than 200 engineers, project managers and support staff after it is completed in early 2007. Much of the work will focus on planning site-specific engineering work.
According to GE, several U.S. customers have already selected GE's advanced BWR technology for a number of potential projects.
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