Westinghouse Interim CEO Reveals Plan to Build 10 Nuclear Reactors Across US, Generating $75B Economic Value

Deep News
16 Jul

Westinghouse Electric's interim CEO Dan Sumner informed former President Donald Trump on Tuesday about the company's strategy to construct ten large-scale nuclear reactors across the United States starting in 2030. This initiative is projected to generate $75 billion in economic value nationwide, with Pennsylvania alone expected to gain $6 billion in economic benefits. The announcement occurred during an energy and artificial intelligence conference at Carnegie Mellon University in Pittsburgh.

Hosted by Senator McCormick's office, the conference also unveiled investment plans exceeding $90 billion targeting data centers and power infrastructure. Notably, the United States has commissioned only two new large-scale reactors over the past three decades—both Westinghouse AP1000 units at Georgia's Vogtle plant. This project incurred $18 billion in cost overruns and seven years of delays, ultimately driving Westinghouse into bankruptcy.

Emerging from bankruptcy protection in 2018, Westinghouse is currently majority-owned (51%) by Brookfield Renewable Partners (BEP.US), with uranium producer Cameco (CCJ.US) holding the remaining 49% stake.

Earlier Tuesday, Westinghouse announced a strategic partnership with Alphabet (GOOGL.US) to transform advanced reactor construction into an "efficient and repeatable process" using artificial intelligence. The collaboration will integrate Westinghouse's proprietary HiVE and Bertha nuclear AI solutions with Alphabet's cloud technology and expertise, aiming to streamline new plant construction while leveraging data-driven AI insights to enhance operations at existing nuclear facilities.

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