Westinghouse, a leading nuclear technology company, has announced a significant agreement with the U.S. government that could result in the construction of $80 billion worth of new nuclear reactors in the United States. The deal also involves a collaboration between GE Vernova and Hitachi to work on additional reactor projects.
The negotiations for these agreements reportedly took place during President Trump’s visit to Japan. An official announcement highlighted that Japan and various Japanese companies are expected to invest up to $332 billion in energy infrastructure, with a focus on companies like Westinghouse, GE Vernova, and Hitachi. The plan includes the construction of both large AP1000 reactors and small modular nuclear reactors. Additional investments are also earmarked for grid infrastructure.
While the ambitious investment figures have been mentioned, the exact allocation towards nuclear reactors remains undisclosed. As of now, the Department of Energy and the companies involved have not provided any further details on the deal. Westinghouse, however, claims its involvement in constructing at least $80 billion worth of new reactors, aiming to revitalize the nuclear power industry.
Source: Ars Technica