GE-Hitachi to leave Silex joint venture

GE-Hitachi announced that it intends to leave the Global Laser Enrichment joint venture that was formed to develop Silex technology. Here is the statement that the company made available to IPFM:


GE Hitachi Nuclear Energy (GEH) has informed Cameco and Silex of its desire to reduce its equity interest in Global Laser Enrichment (GLE). This decision was made due to evolving business priorities at GEH and follows the restructuring of GLE operations announced in 2014. GEH remains committed to maintaining the safety and security of the technology and any sale or transfer of GEH's interest in GLE would be subject to government review and approval.

The company received an NRC license to build an enrichment facility in Wilmington, NC in 2012 and indicated its intent to build an enrichment plant in Paducah, KY in 2014. No construction has started at either site.

Australian company Silex Systems reportedly expressed interest in acquiring the GE-Hitachi share in GLE.