AEA Technology
Encyclopedia
AEA Technology plc was formed in 1996 as the privatised offshoot of the United Kingdom Atomic Energy Authority
. It is a constituent of the FTSE Fledgling Index
. Originally it consisted of divisions with expertise in a wide variety of areas, mostly the products of nuclear-related research. These included nuclear safety
, nuclear engineering
, environmental protection
, battery technology and non-destructive testing. It mainly acted as a contractor organisation for UKAEA and other governmental and private customers.
AEA Technology is now focusing on its Energy & Environment business. The company has divested all of the nuclear-related elements of the business and other non-core businesses such as its Rail business (now called DeltaRail Group Ltd
) through two portfolio sales to secondary private equity investment firms in September 2005 and in September 2006 respectively. In addition to environmental consultancy the company also works in the Knowledge Transfer and Programme Management areas. The business is organised around a mesh style "communities" structure which includes Knowledge Leadership (key technical consultant), Project Management, IT, Marketing and Sales.
The company's main UK operations are located at the Harwell Science and Innovation Campus
in Oxfordshire
(head office), London
, Risley and Glengarnock
(Scotland). In August 2006 AEA established a Romania Subisdary in Bucharest (AEA Mediu) and this was shutdown in April 2009.
AEA Technology were voted best Consultancy for Climate Change and Renewables in the EDIE Awards 2007.
AEA Technology's Chief Executive Officer is Andrew McCree and he has been in post since 2004.
Andrew McCree (quits 16th November 2011) replaced by Interim CEO John Lowry appointed an experienced Board Member, John Lowry's LinkedIn profile is also involved in the National Health Service.
AEA Technology has made a number of redundancies throughout 2010. Andrew McCree was quoted as saying the company, "[took] 10 per cent off the UK cost base in the year, involving 60 redundancies". AEA has also seen a continuing slump in its share price. The share price has fallen from £2.77 in November 2003 to around 2.3p in September 2011. Shares have lost up to one third of their value during 2010 and were even temporary suspended on the stock exchange.
gamma radiation
source from Cookridge Hospital, Leeds, UK, to Sellafield
with defective shielding on the 11 March 2002.
This is not relevant to the company in its present form. The present company is an adviser only and does not get involved in the logistics of transporting nuclear waste. Resource Efficiency and Waste Management
United Kingdom Atomic Energy Authority
The United Kingdom Atomic Energy Authority is a UK government research organisation responsible for the development of nuclear fusion power. It is an executive non-departmental public body of the Department for Business, Innovation and Skills and was formerly chaired by Lady Barbara Judge CBE...
. It is a constituent of the FTSE Fledgling Index
FTSE Fledgling Index
The FTSE Fledgling Index consists of under 200 UK companies outside of the FTSE All-Share Index.This Index is calculated in real-time and published every minute.-Current constituents of the FTSE Fledgling Index:*AEA Technology*AXA Property Trust Ld...
. Originally it consisted of divisions with expertise in a wide variety of areas, mostly the products of nuclear-related research. These included nuclear safety
Nuclear safety
Nuclear safety covers the actions taken to prevent nuclear and radiation accidents or to limit their consequences. This covers nuclear power plants as well as all other nuclear facilities, the transportation of nuclear materials, and the use and storage of nuclear materials for medical, power,...
, nuclear engineering
Nuclear engineering
Nuclear engineering is the branch of engineering concerned with the application of the breakdown as well as the fusion of atomic nuclei and/or the application of other sub-atomic physics, based on the principles of nuclear physics...
, environmental protection
Environmental protection
Environmental protection is a practice of protecting the environment, on individual, organizational or governmental level, for the benefit of the natural environment and humans. Due to the pressures of population and our technology the biophysical environment is being degraded, sometimes permanently...
, battery technology and non-destructive testing. It mainly acted as a contractor organisation for UKAEA and other governmental and private customers.
AEA Technology is now focusing on its Energy & Environment business. The company has divested all of the nuclear-related elements of the business and other non-core businesses such as its Rail business (now called DeltaRail Group Ltd
DeltaRail Group
DeltaRail Group Limited is a British railway software, technology and services company.The company was formed from Rail business of AEA Technology plc which was acquired as part of a secondary private equity portfolio sale to Vision Capital Limited in 2006...
) through two portfolio sales to secondary private equity investment firms in September 2005 and in September 2006 respectively. In addition to environmental consultancy the company also works in the Knowledge Transfer and Programme Management areas. The business is organised around a mesh style "communities" structure which includes Knowledge Leadership (key technical consultant), Project Management, IT, Marketing and Sales.
The company's main UK operations are located at the Harwell Science and Innovation Campus
Harwell Science and Innovation Campus
The Harwell Science and Innovation Campus is a science and technology campus near the villages of Harwell and Chilton, Oxfordshire, England. The site is about south of Oxford...
in Oxfordshire
Oxfordshire
Oxfordshire is a county in the South East region of England, bordering on Warwickshire and Northamptonshire , Buckinghamshire , Berkshire , Wiltshire and Gloucestershire ....
(head office), London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Risley and Glengarnock
Glengarnock
Glengarnock is a small village in North Ayrshire that lies near the west coast of Scotland. It forms part of the Garnock Valley area and is approximately 25 miles away for Glasgow, the nearest city...
(Scotland). In August 2006 AEA established a Romania Subisdary in Bucharest (AEA Mediu) and this was shutdown in April 2009.
AEA Technology were voted best Consultancy for Climate Change and Renewables in the EDIE Awards 2007.
AEA Technology's Chief Executive Officer is Andrew McCree and he has been in post since 2004.
Andrew McCree (quits 16th November 2011) replaced by Interim CEO John Lowry appointed an experienced Board Member, John Lowry's LinkedIn profile is also involved in the National Health Service.
AEA Technology has made a number of redundancies throughout 2010. Andrew McCree was quoted as saying the company, "[took] 10 per cent off the UK cost base in the year, involving 60 redundancies". AEA has also seen a continuing slump in its share price. The share price has fallen from £2.77 in November 2003 to around 2.3p in September 2011. Shares have lost up to one third of their value during 2010 and were even temporary suspended on the stock exchange.
Some Notable Recent Projects
- Envirowise
- Knowledge Transfer PartnershipsKnowledge Transfer PartnershipsKnowledge Transfer Partnerships is a part government-funded programme to encourage collaboration between businesses and universities in the United Kingdom.-History:...
- London Green500London Green500The London Green500 is London mayor Boris Johnson’s pioneering carbon mentoring programme. With the aim to lead London’s top organisations to reduce carbon emissions in the capital by 60% by 2025....
- AEA are the lead contractor on the Mayor of Londons Carbon Reduction scheme for big businesses in London - ecopathEcopathEcopath with Ecosim is a free ecosystem modelling software suite. It was initially a NOAA initiative led by Jeffrey Polovina, but since primarily developed at the Fisheries Centre of the University of British Columbia. In 2007, it was named as one of the ten biggest scientific breakthroughs in...
- A flexible 3 year full outsource programme of all environmental issues.
Radiation incident
AEA Technology was fined £250,000 for transporting a 2.5 tonne 60CoCobalt
Cobalt is a chemical element with symbol Co and atomic number 27. It is found naturally only in chemically combined form. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal....
gamma radiation
Gamma ray
Gamma radiation, also known as gamma rays or hyphenated as gamma-rays and denoted as γ, is electromagnetic radiation of high frequency . Gamma rays are usually naturally produced on Earth by decay of high energy states in atomic nuclei...
source from Cookridge Hospital, Leeds, UK, to Sellafield
Sellafield
Sellafield is a nuclear reprocessing site, close to the village of Seascale on the coast of the Irish Sea in Cumbria, England. The site is served by Sellafield railway station. Sellafield is an off-shoot from the original nuclear reactor site at Windscale which is currently undergoing...
with defective shielding on the 11 March 2002.
This is not relevant to the company in its present form. The present company is an adviser only and does not get involved in the logistics of transporting nuclear waste. Resource Efficiency and Waste Management