Hitachi Creates New Company £148 Billion Wylfa Newydd Nuclear Power Project
January 20, 2016 at 03:09 pm
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Hitachi announced that the new entity, known as Hitachi Nuclear Energy Europe, will lead the company's work in a proposed joint venture with Bechtel Management Company and JGC. Once established, the new JV will serve as a Tier-1 contractor to the project developer Horizon Nuclear Power. Hitachi-GE Nuclear Energy, which has a front end engineering and design contract with Horizon Nuclear Power for about three years, will continue to offer design for the plant, and operate under contract to the Tier 1 team.
The Wylfa Newydd project will include the development of two UK Advanced Boiling Water Reactors on site, which will generate about 2.7GW of energy. The low-carbon energy produced is expected to help power nearly five million British households. Construction work is expected to begin in 2019, following required permissions and commercial arrangements.
The project is scheduled to be operational by the first half of the 2020s.
Hitachi specializes in manufacturing and marketing of electronic and industrial equipments. Net sales (including intragroup) break down by family of products and services as follows:
- social infrastructure and industrial systems (24.7%): elevators, escalators, industrial facilities, railway systems, power generation units, etc. The group also provides engineering and construction of nuclear, hydroelectric, and thermal power plants services;
- information and telecommunications products and services (20.1%): systems integration, cloud computing, software, servers, hard disks, PCs, ATMs, data communication base stations, payment terminals, etc.;
- materials and components (16.6%): semi-conductor materials, printed circuit cards, cables, copper and forged steel products, magnetic materials, organic and inorganic chemical products, etc.;
- construction equipment (10%) : hydraulic excavators, wheel loaders, mining equipment, etc.;
- automotive systems (9.4%): powertrain systems, control systems, etc.;
- electronic products (9.2%): fiber-optic components, screen tubes, testing and measurement equipment, medical equipment, equipment for manufacturing semiconductors, etc.;
- household appliances (4.7%): heating and air conditioning equipments, refrigerators, washing machines, etc.;
- other (5.3%): mainly transport, financial and logistical services.
Net sales are distributed geographically as follows: Japan (49.2%), Asia (21.3%), North America (12.7%), Europe (10.8%) and other (6%).
HITACHI, LTD. 
