Westinghouse Is Claiming a Nuclear Deal Would See $80 Billion of New Reactors

An anonymous reader quotes a report from Ars Technica: On Tuesday, Westinghouse announced that it had reached an agreement with the Trump administration that would purportedly see $80 billion of new nuclear reactors built in the US. And the government indicated that it had finalized plans for a collaboration of GE Vernova and Hitachi to build additional reactors. Unfortunately, there are roughly zero details about the deal at the moment. The agreements were apparently negotiated during President Trump's trip to Japan. An announcement of those agreements indicates that "Japan and various Japanese companies" would invest "up to" $332 billion for energy infrastructure. This specifically mentioned Westinghouse, GE Vernova, and Hitachi. This promises the construction of both large AP1000 reactors and small modular nuclear reactors. The announcement then goes on to indicate that many other companies would also get a slice of that "up to $332 billion," many for basic grid infrastructure. The report notes that no reactors are currently under construction and Westinghouse's last two projects ended in bankruptcy. According to the Financial Times, the government may share in profits and ownership if the deal proceeds.

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