Westinghouse In Talks for Role in US Nuclear Expansion Plan: FT
(Bloomberg) -- Westinghouse Electric Co. is in discussions with US officials to deploy 10 large nuclear reactors, as it seeks a role in fulfilling President Donald Trump’s ambitions to bolster America’s nuclear energy capabilities, the Financial Times reported.
The nuclear developer could build all 10 with its AP1000 design, Westinghouse interim Chief Executive Officer Dan Sumner told the newspaper in an interview published on Sunday, referring to Westinghouse’s flagship pressurized water reactor. The projects could cost $75 billion, the newspaper said, citing estimates from investment bank TD Cowen, excluding potential delays or budget overruns.
“There is active engagement with the administration,” Sumner told the newspaper. “Our customers, the hyperscalers, the tech firms, the suppliers are all coming together to try to figure out exactly how to deploy,” he said.
Trump signed a series of executive orders last month to accelerate the construction of nuclear power plants, a move intended to meet an anticipated surge in electricity demand and propel the US to the forefront in nuclear energy.
One of the orders aims to get 10 large, conventional reactors under construction by 2030. Westinghouse’s AP1000 was the last commercial nuclear unit built in the US and has been embraced worldwide.
Westinghouse is jointly owned by private equity group Brookfield Renewable Partners LP and uranium miner Cameco Corp.
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