Hitachi reports nuclear revenue surge driven by small modular reactor project
Japanese conglomerate Hitachi saw its nuclear revenue rise by 48 percent year over year as it prepares to deliver small modular reactors.
FTMQ Climate, written by our newsroom0 views
Japanese conglomerate Hitachi reported a 48 percent year over year increase in nuclear division revenue in the most recent quarter, Utility Dive reported on October 30. The revenue growth comes as the company prepares to deliver the first of four small modular reactors to Ontario Power Generation in 2030. [1]
The 300 megawatt BWRX 300 small modular reactors are being developed in partnership with GE Vernova, according to Utility Dive. Equipment for electrical power grids continues to account for the vast majority of revenues within the Energy segment of Hitachi. [1]
Company executives stated that sales are currently strong, Utility Dive reported. However, executives warned that inflation and extended delivery timelines remain key factors to monitor closely across their energy business. [1]
Hitachi integrates operational and information technologies to develop infrastructure and energy solutions such as transformers and hydropower plants. The company has recently made investments exceeding 1 billion dollars in advanced manufacturing in the United States. [3]
In short
- Hitachi experienced a 48 percent year over year increase in quarterly nuclear division revenue.
- The company plans to deliver its first 300 megawatt BWRX 300 small modular reactor to Ontario Power Generation in 2030.
- The BWRX 300 small modular reactors are being developed in partnership with GE Vernova.
- Hitachi executives noted that inflation and long delivery timelines remain concerns despite strong overall sales.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Hitachi’s nuclear revenue rises as SMR delivery date approachesUtility Dive, 4d ago (the report this story comes from)
Background
- [2]Nuclear power in the United Kingdom on Wikipedia
- [3]Hitachi on Grokipedia
Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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