Latest news with #DanSumner
Yahoo
8 hours ago
- Business
- Yahoo
Westinghouse pursues US nuclear expansion after Trump orders, FT says
(Reuters) -Nuclear equipment supplier Westinghouse is in talks with U.S. officials and industry partners about deploying 10 large reactors, in response to presidential executive orders, the Financial Times reported on Sunday, citing the company's CEO. President Donald Trump's executive orders, which were published on May 23, directed the government to cut down on regulations and fast-track licences for reactors and power plants to shrink a multi-year process to 18 months. Dan Sumner, Westinghouse interim chief executive, told the FT that the company was "uniquely positioned" to deliver the president's agenda because it had an approved reactor design, a viable supply chain and recent experience of building two of its AP1000 reactors in Georgia. "There is active engagement with the administration, including key points of interface with the loan programmes office, recognising the importance of financing to the deployment of the model," he told the FT. Westinghouse did not immediately respond to requests for comment outside regular business hours.
Bloomberg
8 hours ago
- Business
- Bloomberg
Westinghouse In Talks for Role in US Nuclear Expansion Plan: FT
Westinghouse Electric Co. is in discussions with US officials to deploy 10 large nuclear reactors, as it seeks a role in fulfilling President Donald Trump's ambitions to bolster America's nuclear energy capabilities, the Financial Times reported. The nuclear developer could build all 10 with its AP1000 design, Westinghouse interim Chief Executive Officer Dan Sumner told the newspaper in an interview published on Sunday, referring to Westinghouse's flagship pressurized water reactor. The projects could cost $75 billion, the newspaper said, citing estimates from investment bank TD Cowen, excluding potential delays or budget overruns.
Al Arabiya
8 hours ago
- Business
- Al Arabiya
Trump executive orders spur Westinghouse plans for 10 large US reactors by 2030
Nuclear equipment supplier Westinghouse is in talks with US officials and industry partners about deploying 10 large reactors, in response to presidential executive orders, the Financial Times reported on Sunday, citing the company's CEO. President Donald Trump's executive orders, which were published on May 23, directed the government to cut down on regulations and fast-track licenses for reactors and power plants to shrink a multi-year process to 18 months. Dan Sumner, Westinghouse interim chief executive, told the FT that the company was 'uniquely positioned' to deliver the president's agenda because it had an approved reactor design, a viable supply chain and recent experience of building two of its AP1000 reactors in Georgia. 'There is active engagement with the administration, including key points of interface with the loan program office, recognizing the importance of financing to the deployment of the model,' he told the FT. Westinghouse did not immediately respond to requests for comment outside regular business hours.
CNBC
8 hours ago
- Business
- CNBC
Westinghouse pursues U.S. nuclear expansion after Trump orders, FT reports
Nuclear equipment supplier Westinghouse is in talks with U.S. officials and industry partners about deploying 10 large reactors, in response to presidential executive orders, the Financial Times reported on Sunday, citing the company's CEO. President Donald Trump's executive orders, which were published on May 23, directed the government to cut down on regulations and fast-track licences for reactors and power plants to shrink a multi-year process to 18 months. Dan Sumner, Westinghouse's interim chief executive, told the FT that the company was "uniquely positioned" to deliver the president's agenda because it had an approved reactor design, a viable supply chain, and recent experience of building two of its AP1000 reactors in Georgia. "There is active engagement with the administration, including key points of interface with the loan programs office, recognizing the importance of financing to the deployment of the model," he told the FT. Westinghouse did not immediately respond to requests for comment outside regular business hours.
Time of India
8 hours ago
- Business
- Time of India
Westinghouse pursues US nuclear expansion after Trump orders, FT says
Nuclear equipment supplier Westinghouse is in talks with U.S. officials and industry partners about deploying 10 large reactors, in response to presidential executive orders, the Financial Times reported on Sunday, citing the company's CEO. President Donald Trump's executive orders, which were published on May 23, directed the government to cut down on regulations and fast-track licences for reactors and power plants to shrink a multi-year process to 18 months. Dan Sumner, Westinghouse interim chief executive, told the FT that the company was "uniquely positioned" to deliver the president's agenda because it had an approved reactor design, a viable supply chain and recent experience of building two of its AP1000 reactors in Georgia. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Most Expensive Cars In The World "There is active engagement with the administration, including key points of interface with the loan programmes office, recognising the importance of financing to the deployment of the model," he told the FT. Westinghouse did not immediately respond to requests for comment outside regular business hours. Live Events
