GE (NYSE: GE) confirmed that it received approval of its $1.9 billion contract for EDF Energy’s Hinkley Point C nuclear power project. Steam Power Systems, part of GE Power, will supply two conventional power islands, which will deliver enough electricity to power approximately six million homes throughout the UK.
The power conventional island includes the ARABELLE™ steam turbine, generator, and other critical equipment. This technology came to GE through last year’s Alstom acquisition.
Less than a year after COP21, the UK has made a critical decision regarding its energy policy. It has made this historic decision at a time when there is an even greater drive for low carbon energy technologies.
Since 2010, 20% of the UK’s electricity generation capacity has been shut down and by 2030, a further 35% is expected to close, including all but one nuclear power station. Nuclear provides dependable, CO2-free energy and, when complete, Hinkley Point C is expected deliver around 7% of the UK’s power generation capacity for 60 years.
Each turbine that GE is supplying to Hinkley Point C has a gross generating capacity of 1,770 MW.
For more than six months, GE has been working closely with EDF Energy on Hinkley Point C as part of the Early Contractor Involvement agreement that includes activities like safety classification studies, planning, civil works interfaces, pre-engineering and procurement planning.
With today’s decision, GE continues to move forward with the next phase of design, engineering and manufacturing from GE’s Steam Power Systems Global Center of Excellence in Belfort, France. This phase also includes ramping up our procurement activity with global suppliers, many of whom are based in the UK.