Zone1 Westinghouse strikes $80B deal with U.S. for nuclear reactors

[egp320i]

Trump getting more done
We need this......but liberals will cry even though they want clean energy

"the White House says Japan will invest $332 billion in critical energy infrastructure in the U.S., including AP1000 reactors and small modular reactors."

why would Japan invest in our energy, what do they get out of it for 332B?

nuke

 

[excalibur]

Westinghouse strikes $80B deal with U.S. for nuclear reactors

Westinghouse Electric Co. announced Tuesday an $80 billion deal with the U.S. government to build nuclear reactors. It’s the latest push from the Trump administration to boost power production as artificial intelligence supercharges electricity demand, and yet another entry into the government’s...

triblive.com

 

[Yarddog]

Trump getting more done
We need this......but liberals will cry even though they want clean energy

"the White House says Japan will invest $332 billion in critical energy infrastructure in the U.S., including AP1000 reactors and small modular reactors."

why would Japan invest in our energy, what do they get out of it for 332B?

nuke

Do they belive Kamala harris even would have had this move on the radar? she would still be erecting windmills in the Atlantic.

 

[DGS49]

As a Westinghouse alumnus, I would love to point out that it is one hell of a puzzle to even figure out who or what "Westinghouse Electric Co." is.

CBS owns THE NAME, "Westinghouse Electric Co." When I worked for Westinghouse the company was owned by Toshiba. Toshiba paid CBS a license fee to use the name. The company, whatever you call it, lost Toshiba an astounding amount of money, was spun off, and ultimately went Chapter 11. I believe "it" was bought by some private equity company.

Nevertheless, there has remained a technical nucleus of the company, the one that developed the AP1000 reactor, which remains their main business. FWIW, the AP1000 is a Pressurized Water Reactor that could not have failed in the way that those (GE) Japanese reactors failed when hit by the earthquake and tsunami.

Anyway, it's a weird story from a corporate standpoint.

 

[egp320i]

As a Westinghouse alumnus, I would love to point out that it is one hell of a puzzle to even figure out who or what "Westinghouse Electric Co." is.

CBS owns THE NAME, "Westinghouse Electric Co." When I worked for Westinghouse the company was owned by Toshiba. Toshiba paid CBS a license fee to use the name. The company, whatever you call it, lost Toshiba an astounding amount of money, was spun off, and ultimately went Chapter 11. I believe "it" was bought by some private equity company.

Nevertheless, there has remained a technical nucleus of the company, the one that developed the AP1000 reactor, which remains their main business. FWIW, the AP1000 is a Pressurized Water Reactor that could not have failed in the way that those (GE) Japanese reactors failed when hit by the earthquake and tsunami.

Anyway, it's a weird story from a corporate standpoint.

The Westinghouse Electric Company is currently owned by a strategic partnership between Brookfield Renewable Partners and Cameco Corporation.

Brookfield Renewable Partners, along with its institutional partners, owns a 51% interest.

Cameco Corporation owns the remaining 49% interest.

The acquisition was completed on November 7, 2023. This partnership brings together Cameco's expertise in the nuclear fuel cycle with Brookfield's background as a large investor in clean energy

looks like a good marriage on paper

 

[elektra]

FWIW, the AP1000 is a Pressurized Water Reactor that could not have failed in the way that those (GE) Japanese reactors failed when hit by the earthquake and tsunami.

Why not? A PWR needs the backup diesel generators the same as the BWR. The backup generator failed, changing the reactor does not change the backup generator.

Of course, an AP1000 did not exist when they built the BWR's so that is a point that is irrelevant The PWRs of the same era require backup power