All articles tagged with #westinghouse
The article criticizes a recent U.S. government partnership with private companies to build $80 billion worth of nuclear reactors, highlighting concerns about government involvement and ownership stakes that resemble socialist or Chinese-style practices, with the government funding, selecting, and gaining ownership in the private nuclear company Westinghouse.
Westinghouse announced an agreement with the Trump administration to build at least $80 billion worth of new nuclear reactors in the US, involving collaborations with GE Vernova and Hitachi, though details and official confirmation are currently lacking.
Cameco's stock surged after announcing a strategic partnership with Westinghouse, backed by the U.S. government, to build at least $80 billion worth of new nuclear reactors in the U.S., aligning with Trump's nuclear energy initiatives and boosting nuclear stocks.
Westinghouse plans to build 10 large nuclear reactors in the U.S. by 2030, aiming to significantly boost nuclear power in line with President Trump's goal of quadrupling nuclear capacity by 2050, with a focus on using AI to streamline construction processes.
Westinghouse is in talks with US officials and industry partners to deploy 10 large nuclear reactors, responding to President Trump's executive orders aimed at streamlining nuclear power licensing and regulation, leveraging its approved reactor design and recent experience building reactors in Georgia.
Westinghouse is in discussions with US officials to deploy 10 large nuclear reactors, aiming to capitalize on President Trump's executive orders to significantly expand US nuclear capacity by 2050, with an estimated cost of $75 billion, amidst a broader industry push and regulatory support.
Westinghouse has signed an agreement with Community Nuclear Power Limited (CNP) to construct four AP300 small modular reactors (SMRs) in northeast England, marking the UK's first privately-financed SMR fleet. The project aims to provide clean, reliable energy for the North Teesside region and support the development of a Green Energy and Chemical Hub. The collaboration is in line with the UK government's plans to expand nuclear energy capacity, with a fleet of SMRs being a key part of that strategy.
Cameco reported its 2023 fourth quarter and annual financial and operating results, highlighting increased sales volumes and realized prices in its uranium and fuel services segments. The company plans to increase tier-one production and extend the mine life at Cigar Lake, while also evaluating the expansion of production at McArthur River/Key Lake. Additionally, Cameco acquired a 49% interest in Westinghouse and expects strong financial performance in 2024. The company maintains a strong balance sheet and continues its disciplined long-term contracting strategy, with commitments for approximately 205 million pounds of uranium. Cameco also received dividends from JV Inkai and resolved a tax dispute with the Canada Revenue Agency.
Westinghouse has secured its first customer, the Saskatchewan Research Council (SRC), for its eVinci microreactor, a 5-MWe/13-MWth "nuclear battery." The SRC plans to pilot the microreactor by 2029, subject to licensing and regulatory requirements. The location of the microreactor is yet to be determined. The project is supported by CA$80 million in government funding. The eVinci microreactor can provide electricity and high-temperature heat for industrial applications, and it is 100% factory-built and assembled. This milestone marks a significant step for Westinghouse in readying the eVinci microreactor for the market.
Westinghouse has launched a microreactor facility in Etna, with the potential to power future missions to Mars. The facility will focus on developing and testing small nuclear reactors that could be used to provide power for space exploration, including long-duration missions to the Red Planet.
Westinghouse Electric Company, Bechtel, and Polish utility Polskie Elektrownie Jądrowe have signed an Engineering Services Contract for Poland's first nuclear power plant at the Lubiatowo-Kopalino site in Pomerania. The contract includes designing three Westinghouse AP1000 nuclear islands, turbine island and balance of plant design work, and support for license application materials and training programs. The project aims to rebuild Poland's energy mix, strengthen the economy, and create opportunities for the country. The first AP1000 reactor is expected to achieve commercial operation in 2033.
Westinghouse Electric Company and Bechtel have signed a consortium agreement to design and construct Poland's first nuclear power plant, marking a significant step towards the country's clean energy goals. The agreement brings together two global leaders in nuclear energy and is expected to contribute to Poland's energy security. The project will utilize Westinghouse's AP1000 reactor technology, known for its fully passive safety systems and modular construction design. The consortium and Polish utility Polskie Elektrownie Jądrowe are set to sign an engineering services contract next week.
Westinghouse has unveiled plans for a small modular reactor, the AP300, which will generate virtually emissions-free electricity and could replace coal plants or power water desalinization and other industries. The reactor will be a smaller version of its AP1000 reactor and will not use special fuels or liquid metal coolants. Westinghouse plans to start constructing the reactor by 2030 and have it running by 2033. Small modular reactors are meant to fit new applications such as replacing shut coal plants and being located in more remote communities.
Westinghouse has launched a smaller version of its flagship AP1000 nuclear reactor, called the AP300, which aims to be available in 2027 and generate about a third of the power of the AP1000. The move is a notable inflection point in the nuclear industry's effort to remake itself as a way to address climate change. Smaller nuclear reactors are less expensive to build, more versatile, and easier to connect to the power grid. The AP300 is estimated to cost approximately $1 billion per unit, compared to $6.8 billion for the AP1000.