Related Links: Information on ESBWR reactors NRC Information on licensing of new reactors A subsidiary of General Electric has agreed to pay $2.7 million to settle allegations that it made false statements to the federal government about a component of an advanced nuclear reactor under review by the Nuclear Regulatory Commission. In a Jan. 23 announcement, the Justice Dept. alleged that Wilmington, N.C.-based GE Hitachi concealed known flaws with the steam dryer component of its Economic Simplified Boiling-Water Reactor (ESBWR) n its steam-dryer analysis. The steam dryer removes water droplets from steam produced by the nuclear reactions that generate electricity
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.