Westinghouse is claiming a nuclear deal would see $80B of new reactors

On Tuesday, Westinghouse revealed a significant agreement with the Trump administration that could lead to the development of $80 billion worth of new nuclear reactors across the United States. This announcement coincided with the government's confirmation of plans for a joint venture involving GE Vernova and Hitachi, aimed at constructing additional reactors. While the details surrounding this deal remain sparse, it appears that negotiations took place during President Trump’s visit to Japan. The terms of the agreement suggest that Japan, along with several Japanese firms, might invest as much as $332 billion into energy infrastructure projects, with Westinghouse, GE Vernova, and Hitachi explicitly mentioned. The initiative is set to include the construction of both large AP1000 reactors and smaller modular nuclear reactors. However, the total allocation specifically designated for nuclear reactor development has not been articulated in the announcement or any related communications. As of now, the Department of Energy has not released any information regarding the deal, and the official websites of Hitachi and GE Vernova have yet to provide any updates. In their statement, Westinghouse emphasizes their commitment to building at least $80 billion worth of new reactors, comprising a combination of AP1000 and AP300 models, which are named according to their megawatt capacity. The firm asserts that this initiative will rejuvenate the nuclear power industrial base in the country.