Westinghouse's AP1000 Nuclear Overruns

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large AP1000 reactor design

CNBC

•

Business

Business & Economics

Westinghouse sees path to building cheaper nuclear plants after costly past

Summary

Nutrition label

84% Informative

Westinghouse Electric Co.'s state-of-the-art AP1000 design resulted in long delays and steep cost overruns.

The U.S. has tried to revive nuclear power for a quarter century , but the two reactors in Georgia mark the only entirely new construction across that period.

Tech sector's voracious appetite for power translates into willingness to pay a premium for nuclear.

AP1000 plants will be essential to power industrial sites like data centers.

Westinghouse is focused on deploying reactors in Eastern and Central Europe .

South Carolina's search for someone to complete the partially built reactors at V.C. Summer will likely draw investment from Big Tech "hyperscalers".

"If there's going to be gigawatt scale deployment in the U.S. , decision making needs to accelerate," Lipman said. "The business model, the investment climate, any legislative changes that might be in the offing at the state level or the federal, now is the time to address those pertinent issues." — CNBC 's Gabriel Cortes contributed to this report..

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Neutral language

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formal

Language

English

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not offensive

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not hateful