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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.

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Reports: Israel destroyed active nuclear weapons research facility in Iran

November 19, 2024, 9:35AMNuclear News

U.S. and Israeli officials are now confirming that an October 25 Israeli attack in Iran destroyed an active top secret facility for nuclear weapons research, Axios reports. The strike is said...

DOE-EM awards $2.3B Portsmouth/Paducah contract

November 14, 2024, 9:30AMRadwaste Solutions

The Department of Energy’s Office of Environmental Management has awarded a $2.3 billion operations and site mission support services contract for the Portsmouth Paducah Project Office...

TerraPower plans to invest in South African HALEU laser enrichment technology

October 30, 2024, 3:01PMNuclear News

TerraPower announced today that it has signed a term sheet with ASP Isotopes Inc. as the first step of a planned investment in the construction of a high-assay low-enriched uranium (HALEU)...

Accident tolerant fuel completes first lifecycle at Vogtle

October 25, 2024, 9:30AMNuclear News

Framatome’s enhanced accident tolerant fuel assemblies recently completed a third 18-month fuel cycle at Southern Nuclear’s Vogtle-2 plant—the first of this type of fuel to reach this...

DOE names four companies to split $2.7 billion in future HALEU enrichment contracts

October 18, 2024, 9:40AMNuclear News

If we needed more proof that this is a “nuclear week”—in the words of Energy Secretary Jennifer Granholm on Wednesday, as she announced small modular reactor funding while celebrating...

The DOE picks six HALEU deconverters. What have we learned?

October 9, 2024, 3:01PMNuclear News

The Department of Energy announced contracts yesterday for six companies to perform high-assay low-enriched uranium (HALEU) deconversion and to transform enriched uranium hexafluoride (UF6) to...

Westinghouse reorganization creates two new business units

October 3, 2024, 3:01PMNuclear News

Westinghouse Electric Company has announced that it will create two new global business units from its Operating Plant Services business. Effective January 1, 2025, the new units will be...

BWXT fuel processing subsidiary pauses operations amid Hurricane Helene; site is "safe"

October 1, 2024, 12:00PMNuclear News

BWX Technologies subsidiary Nuclear Fuel Services Inc. suspended operations last Friday at a Tennessee facility to assess conditions following Hurricane Helene. A company spokesperson said the...

Westinghouse completes front-end design for eVinci microreactor test

September 23, 2024, 9:30AMNuclear News

Westinghouse Electric Company has completed the front-end engineering and experiment design (FEEED) for a prototype microreactor at Idaho National Laboratory, the Department of Energy recently...

Westinghouse, Hyundai to pursue AP1000 opportunities in Nordic countries

September 10, 2024, 12:00PMNuclear News

Westinghouse Electric Company announced today that it has signed a teaming agreement with Hyundai Engineering & Construction Company to pursue opportunities in Sweden and Finland for...

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

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