3 Comments

  1. it hosts the North American headquarters of Areva, one of the world’s largest nuclear companies

    Sadly, that’s no longer true. They moved the headquarters to Charlotte.

    The CEO still lives in Lynchburg, however.

  2. Was the move a cost cutting tactic? I see Areva claimed a 5.6 billion dollar loss for 2014., and was threatening huge layoffs early this year. Seeing as how, I understand, the company is 85% owned by the french government, is the government pouring money in to keep Areva alive?

  3. Yes and no.

    The headquarters used to be in Virginia. Then new top-level management came in and the headquarters were moved to Bethesda, MD — I assume so as to be closer to the regulatory system, particularly the NRC, which is located in nearby Rockville, MD.

    Office space in the DC area is quite expensive, so sometime within the last couple of years, the decision was made to relocate. So in that sense, it could be considered a cost-cutting tactic.

    The three locations that were considered were Maryland, Virginia, and North Carolina. (Naturally, the state governments were allowed to compete in terms of offering support and incentives to encourage the relocation to their tax base.) In the end, Charlotte won out. Areva has had a sizable office in Charlotte for the past decade and a half (which was acquired from Duke Power). Now this office is also the North American headquarters.

    Areva is currently in the process of being split into two companies. Electricité de France (EDF) is buying roughly half of the company. They are looking for outside investors to share in ownership.

Comments are closed.

Similar Posts

  • Battle Hymn of the Atom

    If you plan to attend future nuclear energy rallies, it might be worthwhile to practice singing Battle Hymn of the Atom. It’s sung to the tune of Battle Hymn of the Republic Update (posted August 16 at 6:45 PM EST) After incorporating the inputs from comments here, this is the current version. Battle Hymn of…

  • Nuclear advocacy opportunity in Vermont – November 30

    This is a Public Service Announcement. November 30 Film and Panel at the Gund Institute The Energy Education Project of the Ethan Allen Institute has two members of our Board of Advisors on the panel at an event sponsored by the Gund Institute at University of Vermont (UVM). The film and panel start at 4…

  • Nuclear industry must remember that all politics are local

    There aren’t very many people who can claim to more in favor of nuclear energy than I am. There are, however, many whose passion and amateur dedication to the technology equal mine. Unfortunately, both the nuclear industry and the regulatory agency that oversees the industry often overlook the fact that people who oppose nuclear energy…

  • New York’s environment progressed one step forward

    The US environment and electrical supply system measurably improved yesterday. That is something worth celebrating. The New York State Department of Public Service (NYSDPS) took a small, but significant step forward yesterday. By a vote of three yeses and one concur, the commissioners decided to implement a clean energy standard that includes zero emission credits…