Areva Is Costing France Plenty The company thought it had a winning nuclear reactor technology

Areva Is Costing France Plenty

The company thought it had a winning nuclear reactor technology

Areva Is Costing France Plenty, Bloomberg, April 16, 2015. "The company still makes money supplying fuel and reprocessing waste for nuclear plant owners. It's already clear, though, that Areva won't be selling many new reactors. North American and European utilities stopped ordering them after the Fukushima accident, and the EPR's problems have cast a pall over the company's prospects in China, which now accounts for more than half of the new reactors expected to come online by 2030. Thanks to past collaboration with Areva and other Western suppliers, the Chinese have developed the technology they need to build their own reactors, says Steve Thomas, a professor at the University of Greenwich in England who studies the industry. The reactors built by Areva and Westinghouse 'are just too expensive for the Chinese,' he says."http://www.bloomberg.com/news/articles/2015-04-16/france-s-areva-falters-in-reactor-business-leaks-cash