PrivateFounded 1999🇺🇸Cranberry Township, PennsylvaniaCEO Dan Sumner
Westinghouse Electric Company is the largest Western nuclear technology company, owned 51% by Brookfield (with institutional partners) and 49% by uranium miner Cameco since their $7.9B acquisition closed in November 2023.
Latest update Oct 19, 2026
01
Westinghouse technology powers 57% of the world's operating nuclear plants, maintains nearly two-thirds of the fleet, and fuels 40%, and its fuel and operating-plant-services businesses generated about $5.0B of revenue in 2025. Its flagship AP1000 reactor is the only fully licensed advanced large reactor operating in the US (Vogtle Units 3 and 4 in Georgia), with four more units operating in China and orders or advanced programs in Poland, Bulgaria, and Ukraine. On September 23, 2026 the Westinghouse-Bechtel consortium and PEJ agreed on the main commercial terms of the EPC contract for three AP1000 units totaling 3,750 MWe at Lubiatowo-Kopalino; PEJ said remaining terms should be finished by year-end and that this is not a finalized contract, with first electricity still expected in 2036. In October 2025 the US government announced an $80B+ strategic partnership with Westinghouse, Brookfield, and Cameco, followed in June 2026 by a conditional $17.5B DOE loan commitment for long-lead components for up to 10 AP1000s. On July 31, 2026 Westinghouse confidentially filed a draft S-1; Bloomberg reported September 18 a targeted valuation of more than $50 billion and a public filing as soon as October, though timing could still change. Alongside the large-reactor buildout, Westinghouse is developing the 330 MWe AP300 small modular reactor and the 5 MWe eVinci microreactor, which reached zero-power high-temperature criticality at 663 C on September 3, 2026. Under CEO Dan Sumner, appointed in April 2026, the company sits at the center of the US nuclear renaissance.
info.westinghousenuclear.comUpdated Sep 27, 2026
Analysis · 5 min read · Aug 5, 2026The long view on Westinghouse Electric Company: strategy, technology and what to watch02
2026-2027
Following the July 23, 2026 US-Saudi peaceful nuclear cooperation agreement, the deal remains in diplomatic limbo: one day after the signing, President Trump conditioned approval on Saudi Arabia joining the Abraham Accords to normalize relations with Israel, and Saudi Arabia has so far resisted signing, insisting on progress toward Palestinian statehood first. Congressional review was still pending as of late August 2026. A potential multi-decade, multi-billion-dollar Saudi AP1000 program with Westinghouse as likely builder cannot proceed until these preconditions are resolved. Re-verified September 2026, no change.
H2 2026
Finalize loan documentation for the conditional $17.5B DOE long-lead-item commitment and convert letters of intent (signed with seven potential partners) into firm orders with up to five utilities, at two AP1000 reactors per project. As of early September 2026 the five recipient utilities had still not been officially named (re-verified, no change since mid-August); sector analyst Capstone has flagged Dominion Energy, DTE Energy, WEC Energy Group, Public Service Enterprise Group, and Entergy as best-positioned candidates, with formal selections expected in the second half of 2026.
H2 2026
Bulgaria and NPP Kozloduy - New Capacities agreed a contract extension in April 2026 to continue site-specific design, licensing support, and localization work with Westinghouse and Hyundai E&C, refining the cost and schedule estimate that will go before the Bulgarian Parliament for a final investment decision targeted in the second half of 2026, with commercial operation of Unit 7 in 2035 and Unit 8 in 2037. The required state-aid notification to the European Commission, a precondition for the FID, had still not been submitted as of early September 2026 (re-verified, no change since mid-August), with the task falling to the energy team under President Radev's newly appointed government - a potential source of slippage in the H2 2026 target.
2026
TargetDefinitive agreements after Sept 30, 2026 framework
Late 2026
After the Czech State Office for Nuclear Safety authorized CEZ on September 9, 2026 to use Westinghouse RWFA-T fuel at Temelin, CEZ plans to load the first assemblies into Unit 1 during a scheduled outage at the end of 2026. World Nuclear News confirmed the authorization on September 10. The fuel was delivered in 2025 and is already on site; CEZ is also preparing licensing for Westinghouse assemblies at Dukovany.
Fall 2026
Westinghouse, Nordion and PSEG Nuclear still plan to install the first Cobalt Burnable Absorber targets later this fall at Salem Units 1 and 2, subject to NRC authorization of PSEG's late-2025 license amendment request and plant operating schedules. First commercial harvest is projected around 2029. The January 2026 agreements aim to create the first commercial-scale Co-60 production platform in US pressurized water reactors.
Oct 2026
TargetOctober 2026 (targeted public filing)
Following the July 31, 2026 confidential S-1 submission, Bloomberg reported on September 18 that Westinghouse is targeting a valuation of more than $50 billion and a public filing as soon as October, according to people familiar with the matter; details including timing could still change. If the offering prices above $30 billion, the US government's option for an 8% equity stake (per the 2025 strategic partnership terms) would be in play. As of September 19, 2026 no public filing had followed the confidential submission. Watch for the public S-1, share count, price range, and listing venue.
End of 2026
2027-2028
Begin the fueled eVinci test-reactor experiment at the National Reactor Innovation Center's DOME facility at Idaho National Laboratory. Westinghouse cleared precursor milestones on August 24, 2026 with zero-power criticality testing at NCERC, then on September 3 reached zero-power high-temperature criticality at 663 C and a 1,011 C reactivity-measurement record (announced September 15). Nuclear Engineering International reported on August 27 that DOME is a single-occupancy bed: Radiant Industries' Kaleidos is scheduled first (installation and testing from mid-to-late 2026), with Westinghouse's scaled prototype to follow in the 2027-2028 window. That is later than DOE's earlier 'as early as 2026' framing.
2027
Complete US NRC design certification of the AP300 small modular reactor, anticipated by 2027, opening the door to site-specific licensing and construction of the first unit toward the end of the decade. As of early September 2026 the AP300 remains in the NRC's pre-application phase (re-verified, no change since August) - regulatory white papers filed and a periodic regulatory engagement plan update submitted in June 2026, but no design certification application yet lodged. On August 4, 2026 Westinghouse and Amentum signed agreements under the APX platform strategy in which Amentum will support the engineering work needed for the AP300 licensing process, while the companies also work together to expand engineering and execution capacity for fleet-scale AP1000 deployment.
2028
The Brookfield / The Nuclear Company joint venture (formed May 2026) is running due diligence toward a final investment decision on completing the two abandoned VC Summer AP1000 units in South Carolina, on a staged timeline: Brookfield is due to apply for a federal loan by December 31, 2026, select an operator for the AP1000 units by February 28, 2027, complete its cost and schedule analysis by the end of 2027, and disclose whether it will commit to the roughly $2.7B revival by March 31, 2028. Westinghouse's IPO-related pipeline disclosures (August 2026) list VC Summer's resumption with a target of early-mid 2030s commercial operation.
2028
PEJ submitted its construction licence application for the three-unit Lubiatowo-Kopalino plant at Choczewo to Poland's National Atomic Energy Agency (PAA) on March 31, 2026, one of the largest licensing filings in Polish history; the PAA has up to 24 months to rule, putting a decision around March 2028. Bechtel formally took over site management from PEJ on August 3, 2026, with Budimex selected as main earthworks contractor - grading, drainage upgrades, and about 16 km of temporary access roads - moving the project from planning into large-scale site preparation while the licence review runs in parallel. Westinghouse and Bechtel continue engineering and equipment procurement (including the selection of Arabelle Solutions to supply steam turbine-generators) ahead of a targeted Q4 2028 start of construction on the first unit, with commercial operation of Unit 1 targeted for 2036. Re-verified September 2026, no change to the timeline.
Sep 30, 2028
On August 26, 2026, Westinghouse Government Services was selected for the next phase of the US Army's Janus Program, a $2.2B, five-year initiative backed by the Department of War's Defense Innovation Unit to build and operate more than 20 commercial nuclear microreactors across military installations. Westinghouse's eVinci microreactor was matched to Fort Drum, New York as one of five initial sites awarded to five reactor developers. The Janus Program aims to have at least one Army-regulated nuclear reactor producing usable electricity at a domestic installation by September 30, 2028, the date set by Executive Order 14299. The selection follows eVinci's August 24, 2026 zero-power criticality milestone at the Nevada National Security Site.
Sep 2026
A Korea-US memorandum of understanding expected September 18 slipped after Westinghouse objected to a Korean stake large enough for a board seat, and President Lee Jae Myung said on September 18 that commercial-viability terms were still not acceptable. Watch whether Seoul accepts a sub-10 percent nonvoting holding, whether two APR1400s stay in the eight-reactor US package alongside six AP1000s, and whether the postponed National Assembly briefing, now expected around September 21-22, produces a signed MOU.
03
On Oct. 14, 2026 the NRC published a direct final rule renewing the AP1000 design certification and incorporating Design Control Document Revision 20, so the certified design matches changes made while licensing, building and operating Vogtle Units 3 and 4. The rule takes effect on Dec. 28, 2026 unless significant adverse comments arrive by Nov. 13, 2026. If it takes effect, the certification would run 40 years from that date.
Brookfield and Cameco said Washington and Seoul announced a non-binding framework for up to $120 billion of Korean investment to help finance eight large US reactors: six Westinghouse AP1000 units and two Korean APR1400 units that use Westinghouse technology, to be placed on still-unnamed federal sites. Cameco said a one-time waiver of Westinghouse's 2025 IP settlement with KEPCO and KHNP would allow the APR1400 pair, with about $2 billion of Westinghouse value per unit from licensing, services and fuel fabrication, plus a possible Korean equity stake that Cameco does not expect to change its own holding. Korea Herald, citing Seoul's industry ministry, said the framework does not authorize construction, that sites and schedules remain unset, and that each plant still needs a separate commercial and domestic approval.
The Westinghouse-Bechtel consortium and Polskie Elektrownie Jadrowe agreed on 23 September 2026 on the main commercial terms of the engineering, procurement and construction contract for Poland's first nuclear power plant. The project is a three-unit AP1000 plant totaling 3,750 MWe at Lubiatowo-Kopalino in Pomerania; the parties said remaining EPC terms should be finished by year-end and PEJ said first electricity is expected in 2036. The agreement is not a signed construction contract: PEJ said it covers key commercial and legal issues and paves the way for further negotiation of exhibits, while site preparatory work continues after Bechtel took over the site in August.
info.westinghousenuclear.com www.bechtel.com pej.pl www.world-nuclear-news.org
Seoul Economic Daily and The Korea Herald reported September 17 that a Korea-US memorandum of understanding expected the next day slipped after Westinghouse objected to the size of a Korean equity stake, and The Korea Times reported September 20 that President Lee Jae Myung said commercial-viability terms were still not acceptable. The package under discussion included eight US reactors, six Westinghouse AP1000s and two Korean APR1400s, plus a Westinghouse share purchase; Seoul has sought roughly 15 to 20 percent with a board seat, while Westinghouse wants to keep the holding below 10 percent, the threshold for nominating a director. South Korea's Industry Ministry postponed its National Assembly briefing and said talks continue.
Westinghouse Electric is seeking a valuation of more than $50 billion in its US initial public offering and is targeting a public filing as soon as October, Bloomberg reported on September 18, citing people familiar with the matter. The nuclear technology supplier is jointly owned by Brookfield Renewable Partners and Cameco, which bought it for $7.9 billion in 2023, and confidentially submitted a draft Form S-1 on July 31. Bloomberg said details including timing could still change; no public filing had been posted as of September 19.
Westinghouse said on September 15 that the eVinci microreactor completed zero-power high-temperature criticality testing at the National Criticality Experiments Research Center in Nevada with Los Alamos and the Nevada National Security Site. On September 3 the test reached criticality at 663 C, and researchers made a subcritical reactivity measurement at a peak core temperature of 1,011 C, a record for a reactivity measurement at NCERC. The work continues August's zero-power tests and feeds temperature-dependent data into prototype design ahead of a still-pending fueled DOME run at Idaho National Laboratory.
The Czech State Office for Nuclear Safety authorized CEZ on September 9, 2026 to use Westinghouse fuel at Temelin Nuclear Power Plant. CEZ plans to load the first assemblies into Unit 1 during a scheduled outage at the end of 2026, after years of testing and safety analyses. The fuel is already on site; CEZ is also preparing licensing for Westinghouse assemblies at Dukovany as it diversifies away from a single supplier.
An American Nuclear Society feature dated September 3-4, 2026 said Westinghouse, Nordion and PSEG Nuclear still plan to install the first cobalt targets later this fall at Salem Units 1 and 2 in New Jersey, with a first commercial Co-60 harvest around 2029. The companies formalized long-term agreements in January 2026 for the first commercial-scale Co-60 production platform in US pressurized water reactors, using Westinghouse Cobalt Burnable Absorber inserts; the US currently has no domestic Co-60 production and the project could meet at least half of US demand. PSEG filed a license amendment request with the NRC in late 2025 that includes a generic element other utilities could reuse.
Westinghouse Government Services said on August 26 that its eVinci heat-pipe microreactor was selected for the next phase of the US Army's Janus Program, with a planned deployment at Fort Drum, New York. The Army has mobilized up to $2.2 billion over five years to build and operate more than 20 commercial nuclear microreactors across five initial military sites, coming two days after eVinci completed zero-power criticality testing at the Nevada National Security Site.
Westinghouse completed zero-power criticality testing for its eVinci microreactor on August 24, working with Los Alamos and Idaho National Laboratories at the National Criticality Experiments Research Center on the Nevada National Security Site. The test validated the reactor's physics models and core design assumptions rather than generating heat or power, marking a design-basis milestone for the heat-pipe-cooled microreactor as Westinghouse targets US commercial deployment by 2027 and a first unit for Saskatchewan Research Council by 2029.
Westinghouse and Amentum entered a series of agreements on August 4, 2026 supporting Westinghouse's APX technology platform, expanding delivery capacity for fleet-scale AP1000 reactor deployment and advancing development of the AP300 small modular reactor. Amentum will support the engineering work needed for AP300 to obtain US Nuclear Regulatory Commission design certification, while the companies also work to strengthen AP1000 engineering and execution capacity for building 1-gigawatt reactors at scale.
Westinghouse Electric, the nuclear reactor and fuel-services giant owned 51% by Brookfield and 49% by Cameco, confidentially submitted a draft S-1 registration statement to the SEC on July 31, 2026 for a proposed US initial public offering. Share count and price range are undetermined, and under the terms of a 2025 US government strategic partnership, Washington holds an option to take an 8% equity stake if Westinghouse's valuation reaches $30 billion.
The United States and Saudi Arabia signed a peaceful nuclear cooperation and safeguards agreement on July 23, opening the door to a Saudi civilian nuclear program that could see Westinghouse build AP1000 reactors under a multi-decade, multi-billion-dollar deal. The agreement is contingent on Saudi Arabia joining the Abraham Accords and still requires congressional review before any reactor contracts can be finalized.
04
Generation III+ pressurized water reactor with fully passive safety systems and modular construction - the only fully designed and licensed advanced large reactor operating in the United States, and the reference design for the US nuclear buildout and for new plants in Poland, Bulgaria, and Ukraine.
330 MWe (990 MWt) single-loop small modular reactor derived directly from the licensed AP1000, reusing its passive safety architecture and supply chain to shorten the path through licensing and construction.
Transportable 5 MWe heat-pipe-cooled microreactor with TRISO fuel and no water cooling, designed to run for eight-plus years without refueling - targeting remote communities, mining, industry, data centers, and military installations.
05
Westinghouse technology powers 57% of the world's nuclear plants, maintains nearly two-thirds of the fleet, and fuels 40%
(2 in the US, 4 in China), 14 more under construction in China, 5 more under contract in Poland and Bulgaria
(~105 GWe) across the US, Europe, Canada, India, Saudi Arabia and other markets, with commercial-operation dates ranging from the early 2030s to the early 2040s
More than $50B, with a public filing targeted as soon as October 2026 (Bloomberg, people familiar; timing could still change)
06
Operating status
AP1000 renewal set for Dec. 28 unless withdrawn
On Oct. 14, 2026 the NRC published a direct final rule renewing the AP1000 design certification and incorporating Design Control Document Revision 20 so the certified design matches changes made while licensing, building and operating Vogtle Units 3 and 4. The rule is effective Dec. 28, 2026 unless significant adverse comments arrive by Nov. 13, 2026. If it takes effect, the certification would run 40 years from that date.
Fuel fabrication for PWR, BWR, and VVER reactors from plants in Columbia (South Carolina), Springfields (UK - 80 years of fuel manufacture in 2026), and Västerås (Sweden). Westinghouse is the Western supplier of VVER fuel, enabling Ukraine and Eastern European operators to replace Russian supply.
Outage services, maintenance, modernization, instrumentation and controls, and spare parts for the roughly half of the world's reactors built on Westinghouse technology - the company's largest and steadiest business.
Reactor technology, engineering, and equipment for new AP1000 plants: the US fleet buildout under the $80B government partnership, Poland's three-unit first plant, Bulgaria's Kozloduy 7 & 8, nine planned units in Ukraine, and participation in the Czech Dukovany project.
Advanced reactors (AP300 SMR & eVinci microreactor)
Next-generation product lines in development: the 330 MWe AP300 small modular reactor derived from the AP1000, and the 5 MWe transportable eVinci microreactor targeting remote sites, industry, data centers, and defense installations.
Long-duration energy storage (pumped thermal)
Non-nuclear diversification: with partner Echogen Power Systems, Westinghouse is developing a 1.2 GWh utility-scale pumped thermal energy storage (PTES) system for Golden Valley Electric Association in Healy, Alaska - billed as the largest planned single long-duration storage installation in the US, backed by a DOE grant of up to $50M. As of 2026 the project remains in early planning (permitting, procurement, and workforce planning), with a full build targeted for 2028 pending Phase 1 results.
07
How past announced dates turned out.
0/3announced dates hit on time
First fueled eVinci test at INL's DOME test bed
Target 2026 · Resolved Sep 19, 2026
Nuclear Engineering International reported on August 27, 2026 that DOME is a single-occupancy test bed: Radiant Kaleidos is scheduled first from mid-to-late 2026, with Westinghouse's scaled prototype to follow in 2027-2028. That is later than DOE's earlier 2026 targeting. The nextSteps entry has been re-dated to 2027-2028.
Deploy eVinci at Fort Drum under the Army's Janus Program
Target 2026-2027 · Resolved Sep 5, 2026
A September 5, 2026 report on the August 26 Janus selection said the Army program aims to have at least one Army-regulated reactor producing usable electricity at a domestic installation by September 30, 2028, the date set by Executive Order 14299. That is later than the 2026-2027 window previously listed for the Fort Drum eVinci deployment. The nextSteps entry has been re-dated to that program-level target.
First commercial eVinci deployment in Saskatchewan
Target 2029 · Resolved Aug 26, 2026
POWER reported on August 26, 2026 that the Saskatchewan Research Council confirmed Westinghouse cancelled the eVinci project contract in fall 2025 as the company shifted the program toward defense, space, and government applications. Nuclear Engineering International independently reported the late-2025 cancellation. The 2029 Saskatchewan commercial first deployment is no longer expected.
08
2026
NRC publishes AP1000 design certification renewal
On Oct. 14, 2026 the NRC published a direct final rule renewing the AP1000 design certification and incorporating Design Control Document Revision 20, aligned with Vogtle Units 3 and 4. It takes effect Dec. 28, 2026 unless significant adverse comments arrive by Nov. 13, and would then run 40 years.
Bechtel signs Polimex Mostostal for Poland module-assembly buildings
On September 25, 2026 PEJ said Bechtel, as main contractor in the Bechtel-Westinghouse consortium, signed Polish company Polimex Mostostal to supply, install and commission two large Module Assembly Buildings for the AP1000 project in Choczewo, Pomerania. This is a site-preparation subcontract, not signature of remaining EPC exhibits, which PEJ and Westinghouse still target by year-end.
Signs USC workforce MoU for planned Nuclear Innovation Center
On September 29, 2026 Westinghouse and the University of South Carolina signed a memorandum of understanding for a multidisciplinary nuclear workforce program centered at USC's planned Nuclear Innovation Center. Westinghouse New Plant Delivery president Luca Oriani attended the signing with USC President Michael Amiridis. The partnership will explore AP1000 simulators, construction labs and a multidisciplinary certificate; it is not a plant order.
Brookfield and Westinghouse confirm US-Korea framework and 5-10% cornerstone equity
On September 30, 2026 Brookfield welcomed a US-Korea framework committing up to $120 billion of Korean investment for eight large US reactors, including six Westinghouse AP1000 units and two Korean APR1400 units that incorporate Westinghouse technology, on federal sites. The Brookfield release also provides for a cornerstone equity investment of between 5% and 10% in Westinghouse by Korea. Westinghouse CEO Dan Sumner is quoted, calling the announcement a defining moment. Cameco acknowledged a potential Korean equity investment, said it does not expect its 49% ownership to change, and with Brookfield labeled the terms non-binding and subject to final negotiations. Korea Herald independently reports Korean investors, including KEPCO and KHNP, pursuing at least 5% and below 10%.
Seoul Economic Daily says Korea shifts to 5-10% Westinghouse Plan B
Seoul Economic Daily reported September 22, citing a closed-door National Assembly Trade, Industry and Energy Committee briefing, that a joint US-Korea plan to buy Brookfield's 51% stake collapsed after Brookfield opposed selling, and that Seoul has scaled its target to a 5-10% voting common holding funded separately from the $200B US investment package. This is not a Westinghouse, Brookfield or Cameco confirmation.
Agrees main Poland AP1000 EPC terms with PEJ and Bechtel
On 23 September 2026 the Westinghouse-Bechtel consortium and Polskie Elektrownie Jadrowe agreed on the main commercial terms of the EPC contract for Poland's first nuclear plant, a three-unit AP1000 project totaling 3,750 MWe at Lubiatowo-Kopalino. The parties said remaining terms should be finished by year-end; PEJ said this is not a finalized contract and that first electricity is expected in 2036. Bechtel took over the site in August and PEJ applied for a construction license in March.
Korea-US $200B package stalls over Westinghouse stake and APR1400s
Seoul Economic Daily reported September 17 that a Korea-US memorandum of understanding expected September 18 slipped after Westinghouse objected to the size of a Korean equity stake, and The Korea Times reported September 20 that President Lee Jae Myung said commercial-viability terms were still not acceptable. The talks included eight US reactors, six AP1000s and two Korean APR1400s, plus a Westinghouse share purchase; Seoul has sought roughly 15 to 20 percent with a board seat, while Westinghouse wants to keep the holding below 10 percent, the threshold under its shareholder agreement for nominating a director. South Korea's Industry Ministry postponed its National Assembly briefing and said consultations continue.
Targets $50B-plus valuation and an October public IPO filing
Bloomberg reported on September 18, 2026 that Westinghouse is seeking a valuation of more than $50 billion in its US IPO and is targeting a public filing as soon as October, according to people familiar with the matter. Details including timing could still change. The company confidentially submitted a draft S-1 on July 31, 2026. A $50 billion-plus valuation would sit above the $30 billion threshold at which the 2025 US government partnership terms reportedly give Washington an option to take an 8% stake. No public filing had been posted as of September 19, 2026.
2026
eVinci reaches 663 C zero-power high-temperature criticality
Westinghouse announced September 15, 2026 that eVinci completed zero-power high-temperature criticality testing at NCERC in Nevada with Los Alamos and the Nevada National Security Site. On September 3 the test reached criticality at 663 C, and researchers made a subcritical reactivity measurement at a peak core temperature of 1,011 C, a record for a reactivity measurement at NCERC. The work continues August 24 zero-power criticality tests and feeds temperature-dependent data into prototype design ahead of a still-pending fueled DOME run at Idaho National Laboratory.
Czech regulator clears Westinghouse fuel at Temelin
On September 9, 2026 the Czech State Office for Nuclear Safety authorized CEZ to use Westinghouse fuel at Temelin Nuclear Power Plant. CEZ plans to load the first assemblies into Unit 1 during a scheduled outage at the end of 2026; the fuel is already on site, and CEZ is also preparing licensing for Westinghouse assemblies at Dukovany.
Salem Co-60 program targets first inserts this fall
Westinghouse, Nordion and PSEG Nuclear formalized January 2026 agreements to produce cobalt-60 at Salem Units 1 and 2 in New Jersey using Westinghouse Cobalt Burnable Absorber inserts in PWR fuel assemblies, the first commercial-scale Co-60 platform in US pressurized water reactors. An American Nuclear Society feature on September 3-4, 2026 said the first cobalt targets are still planned for later this fall, with a first commercial harvest around 2029. The US currently has no domestic Co-60 production; the companies say Salem could meet at least half of US demand. PSEG filed a late-2025 NRC license amendment request that includes a generic element other utilities could reuse.
Amentum partnership backs the APX fleet platform
On August 4, 2026, Westinghouse and Amentum sign a series of agreements supporting the Westinghouse APX technology platform - the single reuse-based strategy pairing fleet-scale AP1000 delivery with AP300 SMR development. The collaboration is aimed at expanding engineering and execution capacity for 1-gigawatt-scale reactor delivery and accelerating AP300 NRC licensing.
Bechtel takes over Choczewo site management for Poland's first AP1000 plant
On August 3, 2026, Bechtel formally assumes site management for the Lubiatowo-Kopalino plant site in Choczewo, Poland from project company PEJ, with Polish contractor Budimex selected as main earthworks contractor for grading, drainage upgrades, and roughly 16 km of temporary access roads - moving Poland's first AP1000 project from planning and licensing into large-scale physical site preparation ahead of a targeted Q4 2028 start of construction.
Confidentially files for a US IPO
On July 31, 2026, Westinghouse confidentially submits a draft S-1 registration statement to the SEC for a proposed US initial public offering, with share count and pricing undetermined and timing dependent on market conditions. Under the terms of the 2025 US government strategic partnership, the US government holds an option to take an 8% equity stake if Westinghouse's valuation reaches $30B.
US-Saudi nuclear pact opens a path to a new AP1000 market
On July 23, 2026, the US and Saudi Arabia sign a peaceful nuclear cooperation and safeguards agreement that could enable a Saudi civilian nuclear program, with Westinghouse positioned to build AP1000 reactors under a potential multi-decade, multi-billion-dollar program contingent on Saudi Arabia joining the Abraham Accords and congressional review.
DOE commits $17.5B for AP1000 long-lead items
On June 23, 2026, Westinghouse and the DOE's Office of Energy Dominance Financing announce a conditional $17.5B commitment under the American Nuclear Supply Chain Loans program to finance long-lead components for up to 10 AP1000 reactors - advance procurement that could accelerate project timelines by up to three years.
Brookfield and The Nuclear Company form JV to project-manage VC Summer completion
In May 2026, Brookfield and nuclear project developer The Nuclear Company form a joint venture to serve as project manager for completing the two abandoned AP1000 units at the VC Summer site in South Carolina, providing licensing support and EPC oversight as the project continues toward a completion decision.
2025
VC Summer AP1000 completion effort revived
Santee Cooper's board approves Brookfield's proposal to purchase and complete the two abandoned AP1000 units at the VC Summer site in South Carolina for $2.7B, aiming to add 2,200 MWe; Westinghouse engineers are already on site for feasibility work.
$80B US government strategic partnership
In late October 2025 the US government announces a strategic partnership with Westinghouse, Brookfield, and Cameco to build at least $80B of new AP1000 and AP300 reactors across the United States, with the government facilitating financing, permitting, and regulatory approvals.
2024
2023
Brookfield Renewable & Cameco complete $7.9B acquisition
On November 7, 2023, Brookfield Renewable (with institutional partners, 51%) and Cameco (49%) complete their acquisition of Westinghouse at a $7.9B enterprise value, pairing the reactor and fuel-services company with the West's largest uranium producer.
Vogtle Unit 3 enters commercial operation
On July 31, 2023, Vogtle Unit 3 in Georgia becomes the first Westinghouse AP1000 to enter commercial operation in the United States - the first newly constructed US nuclear unit in over three decades.
2018
2017
2006
1999
1957
1886
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$17.9Bdisclosed across 3 rounds with a stated amount
Cumulative disclosed raise · dated rounds
