Westinghouse Electric Company signed a long-term agreement with Slovenské elektrárne to license and supply VVER-440 fuel assemblies to its Nuclear Power Plants in Slovakia. The agreement supports Slovakia’s energy security and diversification of nuclear fuel. Approximately 59% of the electricity produced in Slovakia is generated by nuclear power plants.
“Securing another nuclear fuel supplier for our power plants is an important step in strengthening Slovakia’s energy security. Nuclear power plants represent an important pillar in our country's energy mix, therefore I consider it to be crucial to secure nuclear fuel supply diversification for their stable operation,” said Branislav Strýcek, general director of Slovenské elektrárne, a.s.
“We are very pleased to contribute to Slovakia’s fuel diversification and to strengthen our long-standing partnership with Slovenské elektrárne,” said Tarik Choho, Westinghouse President of Nuclear Fuel. “We offer the only fully-Western alternative fuel for this type of reactor and remain committed to supporting Slovakia’s operating fleet, leveraging our Swedish fabrication footprint."
Key data points: The growth forecast = 5.4% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global nuclear decommissioning service market to 2031 by reactor type (pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), gas cooled reactor (GCR), and others), strategy (immediate dismantling, deferred dismantling, and entombment), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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