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News in-depthNuclear energy
Next-generation nuclear developers battle with ‘regulatory marathons’
...“People understand the benefits and there are a lot of people with open minds,” said David Durham, president for energy systems at Westinghouse Electric, a US nuclear power company....
April 25, 2024
Energy Source
The clock is ticking on the nuclear renaissance Premium content
...Patrick Fragman, chief executive of Westinghouse Electric Company, said the timelines advanced by some industry players were “a little bit aggressive, if not unrealistic” due to the complexity of the sector...
February 6, 2024
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
Special ReportNuclear Energy
Security concerns fuel nuclear energy renaissance
...Project delays and cost overruns also sapped confidence in the industry and forced several high-profile US companies, such as Centrus Energy Corp and Westinghouse Electric Co, to file for bankruptcy....
March 21, 2024
Nuclear energy
US nuclear start-ups battle funding challenge in race to curb emissions
...Vogtle deployed Westinghouse’s new AP1000 reactor design and was the first nuclear reactor the country has built from scratch in more than three decades....
December 12, 2023
#techAsia
Toshiba buyout and shopping on TikTok Premium content
...Activists invested in Toshiba in 2017 after the company suffered massive losses on Westinghouse Electric....
August 10, 2023
News in-depthNuclear energy
First new US nuclear reactor in three decades may be among the last
...Soaring costs at Vogtle, along with new reactors at the VC Summer nuclear project in South Carolina, forced engineering contractor Westinghouse into bankruptcy in 2017....
July 31, 2023
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
LexWestinghouse Electric Co LLC
Brookfield/Westinghouse: alt asset giant goes fission with nuclear split Premium content
...Brookfield has applied its expertise in the former métier to Westinghouse Electric, a specialist in the latter....
October 12, 2022
Live news updates from October 12: IMF to work on programme to deliver budgetary support to Ukraine, Putin defends Opec+ cut
Westinghouse to be sold for $7.9bn in sign of nuclear power revival
...Read more about the Westinghouse Electric deal here....
October 11, 2022
Live news updates from October 11: Nato to hold nuclear exercise, UK unemployment hits 48-year low
Westinghouse to be sold for $7.9bn in sign of nuclear power revival
...Westinghouse Electric, a US nuclear power company, is being bought by a private-equity backed consortium in a $7.9bn deal four years after it emerged from bankruptcy, as the war in Ukraine spurs fresh interest...
October 11, 2022
Westinghouse Electric Co LLC
Westinghouse to be sold for $7.9bn in sign of nuclear power revival
...Westinghouse Electric, a US nuclear power company, is being bought by a private equity-backed consortium in a $7.9bn deal four years after it emerged from bankruptcy, as the war in Ukraine spurs fresh interest...
October 11, 2022
Energy Source
A ‘revival’ in US nuclear industry’s fortunes? Premium content
...The ballooning costs contributed to engineering contractor Westinghouse’s bankruptcy....
August 3, 2023
Military technology
Aukus: the industrial challenges of delivering a new defence pact
...In the US, General Dynamics Electric Boat, which makes the nuclear-powered Columbia- and Virginia-class subs, employs just less than 20,000 people....
March 11, 2023
FT CollectionsData rich: the numbers behind corporate news
Russia maintains grip on global nuclear energy landscape
...Poland last month awarded a contract to build its first nuclear plant to US group Westinghouse Electric....
November 12, 2022
LexJonathan Guthrie
Kwarteng vs Bailey: how The Sexy Tortoise vanquished Mr Cliff Edge Premium content
...Nuclear power, which was out of fashion when Brookfield bought Westinghouse Electric from the bankruptcy of Toshiba in 2018, is now back in vogue....
October 14, 2022
ReviewNon-Fiction
Who’s the real villain when executives stray into political terrain?
...Then there were TV shows such as General Electric Theater, presented by one Ronald Reagan....
January 31, 2023
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
EU energy
Brussels to help EU countries end reliance on Russian nuclear fuel
...Westinghouse said it was seeking approval from the countries’ regulators to use a fuel that it had supplied in the past to the VVER 440s....
May 19, 2022
Special ReportEnergy Transition
Russia weaponisation of gas spurs clean energy push to secure supply
...China also dominates the market for many rare earth metals used in magnets that are critical for the construction of wind turbines and electric car motors....
September 20, 2022
Due Diligence
What’s at stake in CVC’s biggest bet yet Premium content
...Fast-tracking change UK politicians have a solution to London’s congested streets: charging fees for diesel and gasoline cars to speed up the transition to electric vehicles....
October 12, 2022
Energy Source
Chevron’s chief is not impressed with global energy debate Premium content
...US nuclear group Westinghouse Electric was sold to a private equity consortium for $7.9bn in a bet that the war in Ukraine will revive the sector’s fortunes....
October 13, 2022
Economists Exchange
Brad DeLong: ‘The US is now an anti-globalisation outlier’
...Electric Corporation and its industrial research lab] that was a wonderful thing to invent....
November 24, 2022
UK energy
UK to put nuclear power at heart of net zero emissions strategy
...In north Wales, US nuclear company Westinghouse is planning to revive plans for a nuclear power plant at Wylfa that was abandoned by Japan’s Hitachi in 2019....
October 15, 2021
LexNuclear energy
Nuclear: energy price spike renews case for low-carbon maverick Premium content
...In 2017 Westinghouse Electric, then owned by Japanese conglomerate Toshiba, filed for bankruptcy after costs escalated at four US reactors....
September 27, 2021
UK energy
UK plans to force sale of Chinese-owned nuclear stake to investors
...Letters in response to this article: Electric boilers are the best replacement for gas / From Neil Austin, Wadhurst, East Sussex, UK...
September 29, 2021
Due Diligence
Trump’s private equity friend had an atomic buyout plan Premium content
...“Many thanks for allowing us to participate with you in the Westinghouse bid,” he wrote to Apollo Global Management co-founder Josh Harris the following month....
July 29, 2021
UK energy
US consortium revives plan for Welsh nuclear power plant
...Bechtel and Westinghouse were both involved in previously aborted projects at Wylfa....
November 10, 2020

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