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Read the latest GE financial news releases and stories.
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Access GE’s recent and historic Annual Reports and accompanying materials.
Read GE’s 2022 Proxy Statement, vote your shares and access the 2022 Annual Meeting.
Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors.
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Learn how we’re delivering on our priorities.
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At GE, we are committed to building a more diverse workforce and a more inclusive workplace.
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A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint.
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We’re continuing to do all we can to support our customers and employees during this unprecedented time. We’re deeply proud of GE employees around the world rising to the challenge.
Our technology, global network, and exceptional team is fueled by a mission—building a world that works.
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At GE, we rise to the challenge of building a world that works. Explore a career with us.
Offering a suite of products to help unlock the full potential of additive manufacturing.
GE Aviation is a world-leading provider of aircraft engines, systems and avionics.
We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better.
Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation.
We build intelligent devices, data analytics, applications and services to enable healthcare practitioners to deliver care more efficiently and with better outcomes.
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Together with our customers, we’re proving that no one is ever limited to only affordable, reliable, or sustainable energy.
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GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely.
SHEFFIELD, South Yorkshire—September 8, 2022—GE Hitachi Nuclear Energy (GEH) and Sheffield Forgemasters have agreed to cooperate in support of the potential deployment of the BWRX-300 small modular reactor (SMR) in the U.K.
Through a memorandum of understanding GEH and Sheffield Forgemasters agree to discuss how the Sheffield-based company’s existing and future capabilities could help meet the potential demands of BWRX-300 deployment.
“As the U.K. government aims to expand nuclear power capacity to 25 percent of the nation’s electricity needs, we are pleased to be working with an industry leader like Sheffield Forgemasters to discuss a potential supply agreement for forgings in support of the deployment of BWRX-300 SMRs,” said Sean Sexstone, Executive Vice President, Advanced Nuclear, GEH. “We will also look at how Sheffield Forgemasters’ unique capabilities can help meet the growing global interest in the BWRX-300.”
“SMRs have the potential to become a standard for civil nuclear power generation and as an emerging technology, our long track record of supplying nuclear grade components brings a wealth of technical forging experience to the market,” said David Bond, CEO, Sheffield Forgemasters. “Sheffield Forgemasters is undergoing a transformation to Industry 4.0 manufacturing technologies, the centre-piece of which is our investment of up to £400m over ten years, to replace the company’s defence-critical assets. We look forward to working with GEH to explore the possibilities of becoming a UK supply chain partner in the delivery of complex nuclear grade forgings into the commercial BWRX-300 SMR build programme.”
Advanced nuclear technologies like the BWRX-300 are a key pillar of GE’s energy transition leadership. In addition to helping customers achieve carbon-emission goals, the BWRX-300 has been designed to achieve construction and operating costs that are substantially lower than traditional nuclear power generation technologies. Specifically, the BWRX-300 leverages a unique combination of a new, patented safety breakthrough, proven components, the licensing basis of the U.S. NRC-certified ESBWR and an existing, licensed fuel design. This unique combination positions GEH to deliver an innovative, carbon-free baseload power generation source this decade.
About GE Hitachi Nuclear Energy
GE Hitachi Nuclear Energy (GEH) is a world-leading provider of advanced reactors and nuclear services. Established in 2007, GEH is a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety. Follow GEH on LinkedIn and Twitter.
Casting and Forging solutions for the World’s most complex engineering challenges. Sheffield Forgemasters specialises in the design and manufacture of high integrity forgings and castings offering end-to-end manufacture for steel production from a single site in the UK. Global markets served include Defence, Marine, Civil Nuclear, Steel Processing, Offshore, Renewables, Power Generation, High Pressure Reactors, Steel Plant and Ingot & Bar. The company also offers design, project management, steel melting, forging, casting, machining, testing and delivery. In addition, a number of specialist services are available onsite and through an extensive supplier network. Some of the largest bespoke engineered steel products in the world are produced at the Brightside Lane facility with capacity for castings of up to 350 tonnes and forgings of up to 200 tonnes finished weight.
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