Westinghouse changes hands again as Cameco buys into $7.9 billion deal

October 12, 2022, 3:15PMNuclear News
Cameco headquarters in Saskatoon, Saskatchewan, Canada. (Photo: Cameco)

Five years after bankruptcy, Pennsylvania-based Westinghouse is being sold again, this time with a 49 percent share going to Cameco Corp., the front-end uranium mining, milling, and conversion company headquartered in Saskatchewan, Canada. Cameco and Brookfield Business Partners, based in Toronto, Ontario, announced the deal yesterday. Once it closes as expected, in the second half of 2023, Brookfield Renewable Partners and other Brookfield institutional partners will own a 51 percent interest in a consortium with Cameco.

CNSC vendor design review of eVinci microreactor to begin

September 29, 2022, 12:05PMNuclear News

Westinghouse's eVinci microreactor (Image: Westinghouse)

Westinghouse Electric Company has signed a service agreement with the Canadian Nuclear Safety Commission (CNSC) to bring the eVinci microreactor closer to commercialization, the company announced Tuesday. The agreement initiates a vendor design review (VDR)—a prelicensing technical assessment of a company’s reactor technology.

The objective of a VDR, according to the CNSC, is to verify the acceptability of a nuclear power plant design with respect to Canadian nuclear regulatory requirements and expectations, as well as Canadian codes and standards. The review also aims to identify fundamental barriers to licensing a new design in Canada and to assure that a resolution path exists for any design issues identified.

Penn State wants a Westinghouse eVinci microreactor on campus

May 19, 2022, 3:00PMNuclear News
Representatives from Westinghouse and Penn State met at Westinghouse headquarters to sign a memorandum of understanding and enter a partnership focused on researching and developing microreactors. From left: Jason Beebe, director of the global transformation office at Westinghouse; Michael Valore, senior director of advance reactor commercialization, Westinghouse; Mike Shaqqo, senior vice president of advanced reactors, Westinghouse; Lora Weiss, senior vice president for research at Penn State; Jean Paul Allain, head of the Ken and Mary Alice Lindquist Department of Nuclear Engineering at Penn State; Geanie Umberger, associate vice president for research and director of industry research collaborations at Penn State; Saya Lee, assistant professor of nuclear engineering; Elia Merzari (back), associate professor of nuclear engineering; and Hilary Ruby, director of transformation for the Americas Operating Plant Services Business Unit at Westinghouse. (Photo: Westinghouse)

Penn State University has announced plans to explore siting a Westinghouse Electric Company eVinci microreactor on its State College campus in central Pennsylvania. Under a memorandum of understanding to perform research and development work that could advance the future commercial deployment of eVinci, a team of researchers in Penn State’s Ken and Mary Alice Lindquist Department of Nuclear Engineering also plans to explore how eVinci could displace some fossil-fueled energy sources on campus.

Canada to fund Westinghouse microreactor technology

March 23, 2022, 9:30AMNuclear News
François-Philippe Champagne, Canada’s minister of innovation, Science, and Industry (center, foreground), visited Westinghouse Electric Canada’s Burlington, Ontario, facility for the March 17 announcement. (Photo: Westinghouse)

The Canadian government has announced an investment of C$27.2 million (about $21.6 million) in Westinghouse Electric Canada to support the development of the company’s eVinci microreactor technology.

François-Philippe Champagne, Canada’s minister of Innovation, Science, and Industry, made the announcement on March 17 during a visit to the company’s Burlington, Ontario, facility.

Study finds major roles for Westinghouse microreactor in Canada

November 2, 2021, 9:30AMANS Nuclear Cafe
eVinci micro reactor core, (Illustration: Westinghouse)

A recently completed feasibility study by Westinghouse Electric Company and Bruce Power concludes that the eVinci microreactor is capable of providing cost-competitive clean energy to decentralized, off-grid markets in Canada.

TVA and Kairos partner on demonstration reactor

May 6, 2021, 3:00PMNuclear News
Artist’s rendering of Kairos Power’s KP-FHR reactor. (Image: Kairos Power)

The Tennessee Valley Authority and nuclear technology and engineering company Kairos Power this morning announced plans to collaborate on the deployment of the latter’s low-power demonstration reactor, dubbed Hermes, at the East Tennessee Technology Park (ETTP) in Oak Ridge, Tenn. TVA will provide engineering, operations, and licensing support to help Kairos with deployment, according to the announcement.