Westinghouse

The recent announcement by Westinghouse Electric Co. that it had filed for bankruptcy sent a shockwave through the nuclear power industry. It wasn’t a secret that the company was struggling financially as a

The impact of Westinghouse Electric Co.’s March 29 bankruptcy filing will be felt throughout the U.S. nuclear power industry, accord to an April 19 report released by the Congressional Research Service (CRS). “The bankruptcy filing raised fundamental questions about the future of the U.S. nuclear power industry, and particularly whether four new reactors that Westinghouse […]

China has brought 24 of its 36 operating nuclear reactors online at a breakneck pace since 2010, but there are signs it may roll out future plants that are still under construction more slowly, owing in part

Crippled by financial setbacks stemming from the half-built AP1000 reactor projects in Georgia and South Carolina, Westinghouse Electric Co., a company with a storied legacy symbolic of American nuclear power, has taken the desperate step of filing for bankruptcy protection. While owners of the two nuclear construction projects are monitoring the situation, the development could […]

Construction of four AP1000 units—the first new nuclear reactors in the U.S. in decades—is moving along at Vogtle 3 and 4 in Georgia and at the V.C. Summer nuclear power plant in South Carolina. In January, Westinghouse, which is spearheading construction of the units, marked a key milestone as it placed the first steam generator […]

Toshiba Corp.—the parent of Westinghouse Electric Co.—said it might book huge losses as a result of Westinghouse’s acquisition of the nuclear construction and integrated services business CB&I Stone & Webster Inc. (S&W). Westinghouse closed on its agreement with CB&I in December 2015. When the deal was made, Toshiba estimated that the amount of “goodwill” resulting […]

The first nuclear reactor vessel at the Plant Vogtle expansion near Augusta, Ga., has been placed inside Unit 3, marking another major milestone for the much-watched project. Construction contractors Westinghouse and Fluor Corp. lifted the 306-ton reactor vessel into its permanent location inside the AP1000 unit’s nuclear island on November 23. The vessel, fabricated by […]

October 24, 2016 09:39 AM Eastern Daylight Time SEOUL, Korea–(BUSINESS WIRE)–Today, Westinghouse Electric Company and Korea Hydro & Nuclear Co. Ltd. signed a memorandum of understanding (MOU) to form a technological exchange committee to promote a discussion and exchange of engineering capabilities between both organizations. The bilateral MOU will fully engage the partners’ capabilities in […]

October 12, 2016 08:08 AM Eastern Daylight Time SPRINGFIELDS, England–(BUSINESS WIRE)–Westinghouse Electric Company announced today that it is continuing to work with the United Kingdom’s Nuclear Advanced Manufacturing Research Centre (Nuclear AMRC) on an additional advanced manufacturing study to explore potential design efficiencies to reduce significantly the build lead-times of the Westinghouse Small Modular Reactor (SMR). […]

Westinghouse, the lead supplier for the V.C. Summer nuclear plant expansion project in South Carolina, said on August 30 that it had successfully placed the reactor vessel for the new Unit 2. The 278-metric-ton vessel was rigged into place by one of the largest construction cranes in the world, a heavy lift derrick with a […]