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

  • Atomic Show #196 – Atomic Optimists

    On Sunday, February 17, 2013, a group of five nuclear energy professionals gathered to share their thoughts about the current state of the atomic energy business. Participants included: Margaret Harding (@M2harding), 4 Factor Consulting Meredith Angwin (@yes_VY), Yes Vermont Yankee Andrea Jennetta (@NuclearBuzz), Fuel Cycle Week and I Dig Uranium Cal Abel (@cal_abel), PhD candidate…

  • Rod Adams and Alex Epstein on Power Hour

    On Atomic Show #230, I talked with Alex Epstein, the author of The Moral Case for Fossil Fuels. Some of the things I told Alex during that show intrigued him enough to ask me to be a guest on his Power Hour show. That show has now been published as Power Hour: Rod Adams on…

  • Faces of nuclear energy from Bruce Power

    This is the kind of TV spot that we need the public to see at least as often as they see ads for “clean natural gas” or “100 years of energy right under our feet.” I realize that utility leaders have been taught that advertising is a cost with unmeasurable returns. For some odd reason,…

  • 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…

  • Feeling Upbeat about Nuclear Technology’s Future

    I feel better about the prospects for new nuclear technology development today (April 21) than I have for several years, based on the four conferences in four different U.S. cities I’ve attended over the past several weeks. My travel calendar has included Washington, D.C., for the Nuclear Industry Summit / Nuclear Security Summit, New York…