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South Korea and Westinghouse Electric Plan to Advance Cooperation on 8 Nuclear Power Plants in the U.S.

According to a September 9 report by South Korean media, South Korea and the United States are coordinating an investment cooperation plan to build up to 8 large-scale nuclear power plants in the U.S., with a total project scale of approximately $120 billion, equivalent to about 161 trillion Korean won. Korea Hydro & Nuclear Power (KHNP) and U.S.-based Westinghouse Electric Company (WEC) are expected to collaborate on the project. The report said the preliminary plans under discussion include: at least 2 of the 8 nuclear power plants using the Korean-designed APR1400 reactor, with the remaining units likely adopting Westinghouse AP1000 technology. Specific site selection, construction entities, operational arrangements, final reactor types...

2026-09-09

US Westinghouse Electric Seeks to Restart Nuclear Expansion via IPO

US nuclear power company Westinghouse Electric Company is seeking to advance its business revival through an initial public offering. The company previously fell into bankruptcy due to project delays and sharp cost overruns in its nuclear projects, and has since undergone changes in ownership. Recently disclosed information shows that Westinghouse Electric submitted a confidential IPO application last July, with the specific listing date and offering size yet to be determined. Market observers believe that growing electricity demand driven by artificial intelligence development, along with the policy environment promoting nuclear power expansion in the US, is improving valuation expectations for nuclear power companies. David Nicholas, CEO of nuclear energy ETF manager Xfunds...

2026-09-01

U.S. Submits Civil Nuclear Agreement with Saudi Arabia to Congress for Review

U.S. government officials said on August 25 that President Donald Trump has submitted a proposed civil nuclear energy agreement with Saudi Arabia to Congress for review. The agreement, reached in July this year, includes provisions allowing U.S. companies to export civil nuclear technology to Saudi Arabia. Under the relevant procedures, Congress will have 90 session days to review the agreement. Two congressional sources said the agreement has been submitted to congressional leadership and is expected to be referred to relevant committees for consideration. If Congress raises no objections within the specified period, the agreement will enter into effect; if Congress rejects the agreement, Trump may still exercise his veto power, and Congress would need a two-thirds majority to override the presidential veto...

2026-08-26

Westinghouse eVinci Microreactor Completes Zero-Power Criticality Testing

Westinghouse Electric Company announced on August 25 that its eVinci microreactor has completed zero-power criticality testing, validating relevant models and key assumptions in the core design. The test was completed at 10:39 a.m. Pacific Time on August 24, 2026, at the National Criticality Experiments Research Center (NCERC) at the Nevada National Security Site (NNSS). The center is operated under the U.S. National Nuclear Security Administration (NNSA). The test was conducted by Westinghouse Electric in collaboration with Los Alamos National Laboratory (LANL) and Idaho National Laboratory (INL). Zero-power criticality is typically used to verify that a reactor core can achieve a self-sustaining chain fission state at extremely low power levels, serving as a critical step in reactor physics testing and design validation...

2026-08-26

South Korea denies rumors of joint investment with U.S. in Westinghouse Electric

In response to external claims that the United States proposed South Korea jointly invest in Westinghouse Electric Company, the South Korean government recently responded, stating that such claims are not true. According to a South Korean government source revealed on August 24, the Ministry of Trade, Industry and Energy (MOTIE) and Korea Electric Power Corporation (KEPCO) were reportedly evaluating a plan to jointly acquire a partial stake in Westinghouse Electric Company (WEC) with the U.S. government. The related claims stated that the investment scale and shareholding ratio had not yet been determined, and the plan might involve establishing a special purpose vehicle through joint South Korea-U.S. funding to acquire shares and participate in subsequent U.S. nuclear power plant construction projects.

2026-08-25

Polish President Signs Key Nuclear Power Bill, Allowing Early Construction Works to Start Ahead of Schedule

Polish President Karol Nawrocki signed an amendment to the Act on the Preparation and Implementation of Nuclear Energy Facilities and Associated Investments on August 14, aiming to accelerate the construction of nuclear power plants in the country. According to information released by the Presidential Chancellery, the core of this legal adjustment is to allow certain preliminary construction and preparation works to proceed before the final construction permit for the entire project is granted, thereby shortening the timeline for large-scale nuclear projects. The amendment concerns Polish laws related to the preparation and implementation of nuclear energy facilities and associated investments. The new regulations introduce a new type of permit, namely the permit for preliminary construction works of nuclear energy facilities. Once this permit is obtained, the investor can carry out some early-stage construction and preparation works before all complete project investment documents have been fully approved.

2026-08-14

Site Handover for Poland's First Commercial Nuclear Power Plant to Bechtel

New progress has been made in the construction of Poland's first commercial nuclear power plant. The Lubiatowo-Kopalino site in the Pomerania region of northern Poland has been handed over to Bechtel of the United States, and earthworks at the project site are underway. Polskie Elektrownie Jądrowe (PEJ), Poland's state-owned project company, stated that Bechtel has replaced PEJ as the site coordinator for the project. Under the Polish government's earlier arrangement, the nuclear power plant will feature three Westinghouse Electric Company AP1000 pressurized water reactor units. In 2023, Westinghouse Electric Company and Bechtel formed a consortium to jointly advance project implementation. The nuclear power plant is sited in the Lubiatowo-Kopalino area along the Baltic Sea coast in Poland.

2026-08-06

Westinghouse and Amentum Expand Cooperation to Support Scaled Deployment of APX Technology Platform

Westinghouse Electric Company announced on August 4 that it has reached a series of agreements with Amentum to expand cooperation around Westinghouse's APX technology platform, enhance the scaled deployment capability of AP1000 reactors, and advance the development and licensing of the AP300 Small Modular Reactor (SMR). Under the agreements, the two companies will collaborate to advance AP300 SMR regulatory approval from the U.S. Nuclear Regulatory Commission (NRC). Westinghouse stated that obtaining regulatory approval is a critical step for AP300's market entry, and Amentum's engineering capabilities and nuclear project experience will support these efforts. Westinghouse Electric...

2026-08-05

Six Polish companies enter final stage of supplier qualification for Westinghouse AP1000 first reactor

Poland's Mostostal Kielce, along with five other Polish companies, has entered the final stage of qualification jointly organized by Westinghouse and Polish Nuclear Power Company (PEJ), with the potential to participate in the construction of Poland's first nuclear power plant. The plant will be located in the Choczewo municipality and will use AP1000 technology. The six companies entering the final stage include Mostostal Kielce, FAMAK, Ferrum Welded Structures Plant, Mostostal Siedlce, Mostostal Kraków, and Energomontaż-Północ Gdynia. In the final round, they will produce structural mock-ups to verify compliance with ASME NQA-1, the international quality standard for the nuclear sector. Prior to this...

2026-08-01

Canadian nuclear fuel supplier Cameco announces Westinghouse Electric IPO plan

Canadian nuclear fuel supplier Cameco Corporation has announced that its joint venture, Westinghouse Electric Company, has confidentially submitted a preliminary registration statement for a proposed initial public offering. The IPO aims to further advance Westinghouse's business development in the nuclear power sector and bring new sources of funding to the company. Currently, Cameco holds a 49% stake in Westinghouse, with Brookfield Renewable Partners owning the remaining 51%. Westinghouse is one of the world's largest nuclear services companies and the supplier of the world's first commercial pressurized water reactor (PWR). Its technology platform covers the entire nuclear power value chain, with 41 of the...

2026-08-01

Bulgarian Expert Says Belene NPP Restart Technically Feasible

Bulgarian energy expert Bogomil Manchev recently stated that the long-dormant Belene NPP project remains technically viable for restart. If Bulgaria and Ukraine jointly participate in financing and establish a co-ownership mechanism, the project could become a new nuclear power project built through bilateral cooperation. Manchev believes that Ukraine will still face significant electricity demand for a long period in the future. If funding can be secured for the project, Bulgaria could proceed with nuclear power plant construction at the original Belene site. His proposed options include joint financing and co-ownership by both countries, or Ukraine signing a long-term power purchase agreement to support project financing...

2026-07-23

Annual outage maintenance of Loviisa Nuclear Power Plant begins on August 2

Fortum, the Finnish state-owned energy company, announced that the annual outage maintenance of the Loviisa Nuclear Power Plant will commence on August 2, starting with Unit 2 and then transitioning to Unit 1. The maintenance is scheduled to continue until October 18. During this period, the two units will be taken offline for maintenance in rotation, with the other unit remaining in operation. As planned, Unit 2 will undergo a major annual overhaul conducted every eight years. During the maintenance, staff will unload the reactor fuel, inspect and pressure test the reactor pressure vessel, replace approximately one-quarter of the fuel, and complete a series of equipment maintenance and servicing tasks. Unit 1 will undergo a shorter routine annual maintenance, primarily involving fuel replacement and related maintenance work.

2026-07-30