General Electric Co. (GE)’s goal of broadening its $1 billion nuclear service-and-parts business with sales of new reactors risks stalling as world leaders reconsider the future of atomic energy.
Governments from Germany to India are reassessing the technology after Japan’s March 11 earthquake and tsunami crippled a power plant and raised the threat of a meltdown. China today halted nuclear project approvals and plans safety inspections of new facilities.
Political doubts after the Japan disaster may signal dwindling appetite for new plants, and the reactors that Chief Executive Officer Jeffrey Immelt has said he wants to pursue. Three reactors at the Fukushima Dai-Ichi plant use a GE design, including the damaged No. 1 unit that began operating in 1971.
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