Siemens ponders post-Fukushima nuclear plans

Siemens is considering whether to abandon its plan to form a partnership with the Russian State Atomic Energy Corp (Rosatom), reports the Wall Street Journal.
 
In 2009 Siemens announced its intention to work with the Russian nuclear firm to develop nuclear power around the world. Siemens intended to weld its expertise in building steam turbines and generators and large-scale plant projects with the Rosatom's experience in building nuclear reactors.
 
While others in the nuclear industry, such as GE and Westinghouse, have continued to express confidence in the future of atomic power, Siemens executives have been more guarded in their public comments in recent weeks, according to the newspaper.
 
"Fukushima has to be an occasion for taking stock [of nuclear energy]," Siemens finance chief Joe Kaeser told Germany's Der Tagesspiegel newspaper in an interview this week. "The world has to do some soul-searching," he added, but declined to elaborate on Siemens' own nuclear aims, reports the Wall Street Journal.
 
Some senior officials at Siemens, whose businesses range from high-speed trains to medical-imaging equipment, were already skeptical about the potential for a so-called nuclear renaissance.
 
Even before the Fukushima crisis, many nuclear-reactor projects around the world were stalled or mired in cost-overruns. Since the crisis, those doubts have grown as many countries have started reviews or frozen plans to build new nuclear plants.
 
Siemens's nuclear strategy has always been complicated by antinuclear sentiment in Germany, home to nearly a third of its work force. There, the Fukushima accident sparked massive street protests against a government move to extend the working lives of Germany's nuclear reactors. In response, Chancellor Angela Merkel ordered the temporary shutdown of seven reactors within days of the first blasts at the Japanese plant.
 
Some Siemens senior officials and employees also worry the company's nuclear ambitions appear increasingly at odds with CEO Peter Löscher's efforts to make it a leader in environmentally friendly infrastructure—from smart electricity grids to wind turbines to solar thermal power plants.
 
Heinz Steffen, an analyst at Fairesearch, said that Siemens won't face a substantial loss of revenue if it abandons the planned Rosatom partnership. But he added that Siemens would be unlikely to pull out of nuclear-plant activities altogether due to its long-term contracts to supply and service nuclear projects around the world.
 
For more business news, click here

Sponsored by FLSmidth

Related Articles

Siemens upgrades offshore wind turbine, increases capacity

Siemens’ (NYSE: SI) offshore wind turbine, the SWT-6.0-154, has reached a milestone for its gearless turbine design, increasing output capacity.

NRG Texas Power nears permit for new unit at Bertron power plant

The Texas Commission on Environmental Quality on March 10 posted to its website a March 6 notice that it intends to approve a greenhouse gas permit for NRG Texas Power LLC covering the planned Unit 5 at the SR Bertron power plant in Harris County.

Follow Power Engineering on Twitter
Latest News
Alabama Public Service Commission OKs construction of renewable energy generation projects

Alabama regulators OK construction of renewable energy generation projects

In a 3-0 vote, the Alabama Public Service Commission approved a proposal from Alabama Power t...
NRC to increase oversight of Pilgrim nuclear power plant

NRC to increase oversight of Pilgrim nuclear power plant

The U.S. Nuclear Regulatory Commission (NRC) will increase its oversight of the 670-MW Pilgri...
Kettleman utility-scale solar project providing electricity to Silicon Valley city of Palo Alto

Kettleman utility-scale solar project powering city of Palo Alto

The Kettleman Solar Power Project in Kings County was built on about 264 acres of land on Hig...
Areva delivers reactor vessel head to Belgium nuclear power plant

Areva delivers reactor vessel head to Belgium nuclear power plant

Areva delivered a nuclear reactor vessel head to Electrabel for Unit 4 at the Doel nuclear po...
EPSA files brief with Supreme court on FERC demand response case

EPSA files brief with Supreme Court on FERC demand response case

The Electric Power Supply Association (EPSA) and a number of other parties filed a legal brie...
Southern Power, First Solar co-own California solar PV project

Southern Power, First Solar co-own California solar PV project

Southern Co. (NYSE: SO) unit, Southern Power, acquired a controlling stake in a 300-MW solar ...
EPA to opponents: Wait for the absolutely final Clean Power Plan, then attack

EPA to opponents: Wait for the absolutely final Clean Power Plan, then attack

Responding to an Aug. 13 notice of appeal from several states, including coal-reliant West Vi...
Global nuclear plant life extensions to decrease sixfold by 2025

Global nuclear plant life extensions to decrease sixfold by 2025

The capacity of nuclear power plants starting plant life extension (PLEX) programs will decre...

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover
Products Showcase
Areva delivers reactor vessel head to Belgium nuclear power plant

Areva delivers reactor vessel head to Belgium nuclear power plant

Areva delivered a nuclear reactor vessel head to Electrabel for Unit 4 at the Doel nuclear power plant in Belgium.

GE announces launch of latest aeroderivative gas turbine, LM6000-PF+

GE announces launch of latest aeroderivative gas turbine, LM6000-PF+

GE is launching its latest aeroderivative gas turbine, the LM6000-PF+, which employs technologies from four GE businesses, bringing power online faster and more efficiently than ever before.

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Power Industry Wire News

President Obama's GLACIER Initiative Brings New Level of Visibility and Commitment to Sustainability and Reducing Climate Change; Dovetails Ideally With Irving A. Backman's Long-Term Fight to Reduce Global Warming

President Obama's GLACIER Initiative Brings New Level of Visibility and Commitment to S...

Nine Energy Service Acquires G 8 Oil Tool

Nine Energy Service Acquires G 8 Oil Tool

MCW Energy Group Reports on Production Progress of Its Environmentally-Friendly Oil Sands Extraction Plant in Asphalt Ridge, Utah

MCW Energy Group Reports on Production Progress of Its Environmentally-Friendly Oil San...

Global Well Completion Equipment Market to Grow at a CAGR of 11.45% by 2019: Radiant Insights, Inc

Global Well Completion Equipment Market to Grow at a CAGR of 11.45% by 2019: Radiant In...

Chemical Industry Webinar to Discuss $960 Billion in Potential Spending, an Industrial Info Event Announcement

Chemical Industry Webinar to Discuss $960 Billion in Potential Spending, an Industrial ...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>