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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 09:16 PM
Original message
Siemens Rethinks Nuclear Ambitions
http://online.wsj.com/article/SB10001424052748704547804...

German engineering giant Siemens AG is considering whether to abandon its goal of becoming a major player in the atomic-power industry, according to people familiar with the matter, as Japan's nuclear crisis continues to unfold.

While top executives at Siemens haven't made any decisions or proposed a pullback to its supervisory board, they have been rethinking the company's two-year-old plan to form a partnership with the Russian State Atomic Energy Corp., or Rosatom, these people said. That plan has been the centerpiece of Siemens's nuclear strategy.

The second thoughts at Siemens show how swiftly the accident at the tsunami-stricken Fukushima Daiichi plant in Japan has upended the nuclear-energy revival that the company and its rivals had expected amid rising global energy demand and concerns about global warming.

While others in the nuclear industry, such as General Electric Co. and Toshiba Corp.'s Westinghouse Electric Co. unit, have continued to express confidence in the future of atomic power, Siemens executives have been more guarded in their public comments in recent weeks.

<more>
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PamW Donating Member (566 posts) Send PM | Profile | Ignore Thu Apr-14-11 09:20 PM
Response to Original message
1. Seimens isn't that big a player in the nuclear power plant field.

Seimens really isn't that big a player in the nuclear power field. at least when
it comes to reactors and their assorted equipment.

Seimens is much more active in building enrichment facilities for want-to-be
nuclear weapons states like Iran.

I don't think the events at Fukushima will dampen or have any effect whatsoever
on the nuclear weapons industry. Seimens wont' be hurting there.

PamW

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kristopher Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 09:24 PM
Response to Reply #1
2. It is more, and significant, investment money being pulled from the development pool
Edited on Thu Apr-14-11 09:24 PM by kristopher
Result, decline in rate of future deployment.

Are you aware of what constitutes dissemination of misinformation by public employees?
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PamW Donating Member (566 posts) Send PM | Profile | Ignore Fri Apr-15-11 05:38 AM
Response to Reply #2
7. Never looked into it.
Are you aware of what constitutes dissemination of misinformation by public employees?
===========================

Never looked into it since I'm not a public employee, but employed by a private company.

PamW

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Wilms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 10:19 PM
Response to Reply #1
4. Seimans left Iran more than a year ago.
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 09:36 PM
Response to Original message
3. Good, when it's not a money maker companies will stop pursuing this avenue. Hopefully
solar/passive will become profitable.
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AndyTiedye Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 11:31 PM
Response to Reply #3
5. Siemens is Really Big in Solar
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gateley Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 12:29 AM
Response to Reply #5
6. Glad to hear it! nt
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madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 05:46 AM
Response to Reply #3
8. Thats it in a nutshell
Shut down the free government money and they all would run away from nuclear fissile power plants so fast as to make ones head spin.
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