On August 28, 2019, Tokyo Electric Power Company Holdings (TEPCO HD), Chubu Electric Power, Hitachi and Toshiba Corporation signed a basic agreement to explore a potential collaboration to develop a business framework for nuclear energy business for boiling water reactors (BWR).

The four companies hope to improve the safety and economic viability of BWR nuclear power plants. They have exchanged opinions and information on nuclear power plant operations and maintenance, and on improving their manufacturing and engineering capabilities.

The companies seek to strengthen cooperation on developing safe and affordable BWR operations, and to bolster their capabilities to construct and operate nuclear power plants. Through this collaboration, TEPCO HD and Chubu Electric Power will share their knowledge about nuclear power plant operations and maintenance, and Hitachi and Toshiba will provide their knowledge and experience in manufacturing and engineering processes. [1],[2]

[1] http://www.tepco.co.jp/press/release/2019/1516677_8709.html

[2] http://www.tepco.co.jp/press/release/2019/pdf3/190828j0101.pdf