Latest news with #AP1000s
CNBC
5 days ago
- Business
- CNBC
Westinghouse plans to build 10 large nuclear reactors in U.S., interim CEO tells Trump
Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030, interim CEO Dan Sumner told President Donald Trump at a roundtable in Pittsburgh on Tuesday. Westinghouse's big AP1000 reactor generates enough electricity to power more than 750,000 homes, according to the company. Building 10 of these reactors would drive $75 billion of economic value across the U.S. and $6 billion in Pennsylvania, Sumner said. The Westinghouse executive laid out the plan to Trump during a conference on energy and artificial intelligence at Carnegie Mellon University. Technology, energy and financial executives announced more than $90 billion of investment in data centers and power infrastructure at the conference, according to the office of Sen. Dave McCormick, who organized the event. Trump issued four executive orders in May that aim to quadruple nuclear power in the U.S. by 2050. The president called for the U.S. to have 10 nuclear plants under construction by 2050. He ordered a "wholesale revision" of the Nuclear Regulatory Commission's rules and guidelines. The U.S. has built only two new nuclear reactors over the past 30 years, both of which were Westinghouse AP1000s at Plant Vogtle in Waynesboro, Georgia. The project notoriously came in $18 billion over budget and seven years behind schedule, contributing to the bankruptcy of Westinghouse. The industry stalwart emerged from bankruptcy in 2018 and us now owned by Canadian uranium miner Cameco and Brookfield Asset Management. Westinghouse announced a partnership with Google on Tuesday to use AI tools to make the construction of AP1000s an "efficient, repeatable process," according to the company.
Miami Herald
28-04-2025
- Business
- Miami Herald
U.S. companies to help Poland build its first nuclear power plant
The U.S. Department of Energy announced Monday that an agreement has been signed that will allow Poland to construct its first AP1000 nuclear power plant. The AP1000 is a nuclear power plant designed and produced by Westinghouse Electric. It is a pressurized water reactor designed to be lower cost. 'Today's signed agreement to advance the building of civil nuclear reactors in Poland marks a significant milestone for two American companies, Poland's energy security, and a safer, more energized world,' said U.S. Secretary of Energy Chris Wrightin a post on X Monday. Wright joined the Westinghouse/Bechtel Consortium, or WBC, Polskie Elektrownie Jądrowe, or PEJ, and Polish Prime Minister Donald Tuskfor the signing of the Engineering Development Agreement, or EDA. The EDA is part of a larger nuclear energy security deal worth tens of billions of dollars to build large-scale civil nuclear reactors in Poland. The project could eventually allow for as many as six AP1000s across two sites. Wright said the agreement 'will provide Poland enormous levels of energy security and create tens of thousands of Polish and American jobs,' and also 'marks the start of a long-term nuclear cooperation between the United States and Poland that will result in building future reactors.' The EDA allows for a Westinghouse AP1000 to be constructed by Bechtel in Poland's Pomeranian province, and it reportedly will create nearly 40,000 related jobs. Construction is expected to start at some point in 2026. Poland has worked to establish nuclear energy for some time, as the Polish government first arranged a partnership with Westinghouse in November of 2022 to supply three AP1000 nuclear power reactors in Poland, which followed memorandums of understanding Westinghouse signed with ten Polish companies in January of 2022. The Polish effort to support the development of renewable energy first received the OK from European regulators in December of 2017. Copyright 2025 UPI News Corporation. All Rights Reserved.
Yahoo
28-04-2025
- Business
- Yahoo
U.S. companies to help Poland build its first nuclear power plant
April 28 (UPI) -- The U.S. Department of Energy announced Monday that an agreement has been signed that will allow Poland to construct its first AP1000 nuclear power plant. The AP1000 is a nuclear power plant designed and produced by Westinghouse Electric. It is a pressurized water reactor designed to be lower cost. "Today's signed agreement to advance the building of civil nuclear reactors in Poland marks a significant milestone for two American companies, Poland's energy security, and a safer, more energized world," said U.S. Secretary of Energy Chris Wright in a post on X Monday. Wright joined the Westinghouse/Bechtel Consortium, or WBC, Polskie Elektrownie Jądrowe, or PEJ, and Polish Prime Minister Donald Tusk for the signing of the Engineering Development Agreement, or EDA. The EDA is part of a larger nuclear energy security deal worth tens of billions of dollars to build large-scale civil nuclear reactors in Poland. The project could eventually allow for as many as six AP1000s across two sites. Wright said the agreement "will provide Poland enormous levels of energy security and create tens of thousands of Polish and American jobs," and also "marks the start of a long-term nuclear cooperation between the United States and Poland that will result in building future reactors." The EDA allows for a Westinghouse AP1000 to be constructed by Bechtel in Poland's Pomeranian province, and it reportedly will create nearly 40,000 related jobs. Construction is expected to start at some point in 2026. Poland has worked to establish nuclear energy for some time, as the Polish government first arranged a partnership with Westinghouse in November of 2022 to supply three AP1000 nuclear power reactors in Poland, which followed memorandums of understanding Westinghouse signed with ten Polish companies in January of 2022. The Polish effort to support the development of renewable energy first received the OK from European regulators in December of 2017.
Yahoo
31-03-2025
- Business
- Yahoo
US ‘nuclear renaissance' faces high capex costs, uncertain federal policy support: ICF
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Nuclear power's long-term role in the U.S. electricity generation mix depends on still-unresolved questions about plant economics, technology selection, federal policy and financial support, fuel availability, waste disposal and public attitudes, analysts for strategic consultancy ICF said in a whitepaper released Thursday. Despite interest from utilities and large electricity consumers that has led to multiple planned reactor restarts and several gigawatt-scale partnerships between nuclear companies and offtakers, the industry faces 'significant challenges and limitations that will determine whether it will expand its role as a core technology underpinning the U.S. energy system,' the authors said. Despite higher revenue potential than most competing technologies, capital costs for new nuclear plants could range from $456/kW-year to $863/kW-year, significantly above those for wind, solar, gas combustion turbines and 4-hour battery energy storage systems, they said. Since 2023, the owners of three recently retired nuclear power plants — the 800-MW Palisades plant in Michigan, 835-MW Crane Clean Energy Center in Pennsylvania and 601-MW Duane Arnold plant in Iowa — have announced plans to resume operations. The Pennsylvania restart is supported by a 20-year power purchase agreement between Microsoft and Constellation Energy. Meanwhile, 'hyperscale' tech companies like Amazon, Meta and Google have inked tentative partnerships with advanced nuclear technology developers. Data center operator Switch and steelmaker Nucor have shown interest in advanced nuclear as well. In December, Switch and Oklo announced a 20-year, 12-GW nonbinding 'master power agreement' through which the advanced nuclear company would develop, build and operate nuclear plants to power Switch facilities. 'Should these new investments in nuclear energy come to pass, they could make a dent in the growing electricity demand. But a nuclear renaissance isn't written in stone,' whitepaper authors Ian Bowen, Dino Vivanco, Vinay Gupta, George Katsigiannakis and Shanthi Muthiah said. Technology selection and design standardization are vital considerations for the industry, whose operating commercial fleet features more than 50 different reactor designs, the authors said. 'For nuclear costs to decline in the United States, the nuclear industry needs to pick a design and stick to it,' they said. The advice echoes similar guidance in the U.S. Department of Energy's September update to its Pathways to Commercial Liftoff: Advanced Nuclear report. DOE recommended a 'consortium approach' similar to Boeing's 787 Dreamliner development process, targeting 'serial deployments' of five to 10 reactors of the same design. DOE also suggested deploying a mix of large reactors, such as the 1,117-MW AP1000s commissioned earlier this decade at Georgia Power's Plant Vogtle Units 3 and 4, and 50-MW to 300-MW small modular reactors, which experts say are easier to site and cheaper and faster to deploy. SMRs are better-suited to siting at retired coal-fired power plant sites, where they may take advantage of existing interconnection rights, the ICF authors said. In a report last year, DOE said the 145 coal power plant sites it examined could host as much as 174 GW of nuclear capacity, while 41 existing nuclear sites could host up to 95 MW of additional nuclear capacity. Any 'nuclear renaissance' likely depends on continued federal support for existing and new nuclear, the ICF authors said. Without the investment tax credit authorized by the Inflation Reduction Act of 2022, new SMRs are much less likely to pencil out and Congress may need to extend the credit beyond its 2032 expiration date to support larger-scale deployments following an initial group of demonstration projects in the early 2030s, they said. Owners of restarted nuclear reactors are more likely to claim the production tax credit authorized by the IRA, the authors noted. Both the investment tax credit and PTC face an uncertain future as Congress considers eliminating or sunsetting IRA tax credits to pay for a 10-year tax cut extension the U.S. Treasury Department expects to cost $4.2 trillion. Twenty-one House Republicans signed a letter this month urging GOP leadership to retain the IRA's clean energy tax credits. But it's unclear whether those legislators will hold the line when the final tax package comes up for a vote, Boundary Stone Partners co-founder Jeff Navin told E&E News on March 24. 'I think the clean energy industry and the people who are benefiting from the IRA are in a little bit of a state of delusion at the moment,' said Navin, who also serves as director of external affairs for advanced nuclear technology company TerraPower. Recommended Reading As offshore wind struggles, is advanced nuclear a viable Plan B for Eastern states?
