Exelon Generation, JAPC Establish Joint Venture to Enhance Nuclear Operational Excellence Worldwide
April 13 2017 - 12:19PM
Business Wire
Exelon Generation, the largest nuclear operator in the United
States, is partnering with the Japan Atomic Power Company (JAPC) to
establish a joint venture company, JExel Nuclear, to leverage
Exelon’s expertise in operational excellence and safety among
international operators using Japanese reactor technologies.
The joint venture company will license and deploy the Exelon
Nuclear Management Model (ENMM) in major nuclear power projects
around the world. The first client for the joint venture is Horizon
Nuclear Power, a Hitachi-owned company in the UK currently
developing two advanced nuclear reactors at the Wylfa Newydd site
in Wales.
“The Exelon Nuclear Management Model is widely regarded as the
gold standard for world-class nuclear power operations,” said Chris
Crane, president and CEO, Exelon. “This joint venture is a
significant business development opportunity to license our nuclear
operations expertise internationally alongside JAPC, which has been
in operation for more than half a century. Together we will help
other nuclear developers and operators around the globe create a
new generation of even safer, more reliable and more efficient
nuclear power plants.”
“JAPC has experience successfully operating multiple reactors in
Japan built by British, American, and Japanese vendors as well as
experience designing the ABWR,” said Mamoru Muramatsu, JAPC
President. “We will make an excellent team with Exelon to best
support our customers.”
JExel Nuclear will provide advisory, operating and maintenance
management services to nuclear power plant developers and operators
around the world utilizing Japanese reactor technologies. The new
company will provide full implementation of the ENMM or work with
project owners to customize the model to their requirements. JExel
Nuclear is jointly controlled (50 percent by each company) with two
board members each and experts seconded as needed. The four
directors for JExel Nuclear will be: Takahiko Hida, Managing
Director of JAPC; Toshihiro Komeno, General Manager of JAPC; Mike
Pacilio, executive vice president and COO of Exelon Generation; and
Ralph Hunter, vice president of Exelon Generation and COO of Exelon
Nuclear Partners. Takahiko Hida will serve as the CEO.
About JAPC
The Japan Atomic Power Company (JAPC) was established in
November 1957 as a power company solely engaged in nuclear energy
in Japan. Since then, the company has continued to play a leading
role in the electric power industry as a pioneer in nuclear power
generation through various projects, including the construction of
the first commercial nuclear power plant in Japan and the
construction, operation and decommissioning of power plants. JAPC
owns Tokai Power Station (GCR), which is currently under
decommissioning, Tokai No.2 Power Station (BWR) and Tsuruga Power
Station, which has Unit1 (BWR) and Unit2 (PWR). Also, Advanced-PWRs
are currently under construction in its Tsuruga site.
Exelon Generation, a subsidiary of Exelon Corporation (NYSE:
EXC), is one of the largest, most efficient clean energy producers
in the U.S., with a generating capacity of more than 33,300
megawatts. Exelon Generation operates the largest U.S. fleet of
carbon-free nuclear plants with 20,200 megawatts of capacity from
23 reactors at 14 facilities in Illinois, Maryland, New Jersey, New
York and Pennsylvania. Exelon Generation also operates a diverse
mix of wind, solar, landfill gas, hydroelectric, natural gas and
oil facilities in 16 states with more than 13,100 megawatts. Exelon
Generation has an industry-leading safety record and is an active
partner and economic engine in the communities it serves by
providing jobs, charitable contributions and tax payments that help
towns and regions grow. Follow Exelon Generation on Twitter
@ExelonGen and @ExelonNuclear, view the Exelon Generation channel
on YouTube, and visit:
http://www.exeloncorp.com/companies/exelon-generation.
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version on businesswire.com: http://www.businesswire.com/news/home/20170413005891/en/
Exelon Generation CommunicationsDavid Tillman,
717-368-0969david.tillman@exeloncorp.com
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