Latest news with #EnergyIndustry
Yahoo
2 days 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.
Al Arabiya
2 days 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.
Reuters
2 days ago
- Business
- Reuters
Westinghouse pursues US nuclear expansion after Trump orders, FT says
June 8 (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.
CTV News
02-06-2025
- Business
- CTV News
Cenovus shuts in oilsands production at Christina Lake operations due to wildfires
Cenovus Energy logos are on display at the Global Energy Show in Calgary, Alta., Tuesday, June 7, 2022. THE CANADIAN PRESS/Jeff McIntosh CALGARY — Cenovus Energy Inc. says only essential personnel are at its Christina Lake oilsands operations where it has shut production due to the wildfires in northern Alberta. The company says it began the work to shut in production at Christina Lake on May 29. Based on its inspections so far, Cenovus says it is not aware of any damage to its infrastructure and expects a full restart of its Christina Lake operations once it is safe. About 238,000 barrels per day of production have been impacted. It says it will provide an update when it's in a position to restart. Thousands of residents have been affected by wildfires in Manitoba, Saskatchewan and Alberta prompted by hot, dry weather that have allowed some fires to grow. This report by The Canadian Press was first published June 2, 2025.
Associated Press
30-04-2025
- Business
- Associated Press
HONEYWELL SURVEY FINDS AI HAS POTENTIAL TO ENHANCE ENERGY SECURITY AS GLOBAL ENERGY DEMAND INCREASES
Cybersecurity, predictive maintenance and operational efficiency identified as most valuable uses of AI for the energy industry This builds on analysis from Bloomberg that shows overall global energy demand will increase 32% by 2050 CHARLOTTE, N.C., April 30, 2025 /PRNewswire/ -- Honeywell (Nasdaq: HON) today released its AI in the Energy Industry pulse survey, which reveals the majority of participating U.S. energy executives believe artificial intelligence (AI) has the near-term potential to improve and enhance energy security. According to the April 2025 BloombergNEF New Energy Outlook report, overall global energy demand is expected to increase 32% by 2050, with demand for electricity alone expected to increase 75%. To meet this growing demand, energy leaders will need to harness new sources of energy and optimize their current operations using AI and digital technologies. Honeywell's survey of 300 U.S. decision-makers and influencers in energy and energy-adjacent industries found 91% believe AI has near-term potential to enhance energy security and 85% are already either actively using or piloting AI in their companies today. While only 12% of respondents said AI is currently a critical part of their energy operations, 81% said it will become critical over the course of the next five years – demonstrating the importance of energy security and massive anticipated uptick in adoption expected in the short term. When looking across use cases, 94% are also either already engaged with an AI solutions provider or considering doing so as momentum behind the technology continues to grow. 'To meet the growing energy demands, industry leaders are leveraging new technology solutions to help address some of the most pressing challenges — enhancing energy security, optimizing current infrastructure, harnessing new sources of energy and augmenting the workforce,' said Ken West, President and CEO of Honeywell Energy and Sustainability Solutions. 'Looking ahead, new technologies like AI and automation can further optimize existing energy systems and integrate new energy sources more swiftly and efficiently.' When asked the most valuable aspects of AI, energy decision-makers surveyed identified several key areas of operations, such as cybersecurity and threat detection (57%), predictive maintenance (52%), and operational efficiency (44%). The survey also found that more than half of respondents (53%) are using AI to address labor shortages and workforce upskilling through virtual assistants, 53% are using to enhance workplace safety and security through monitoring and threat detection and only one-third (36%) are using AI to automate routine tasks. To learn more about the survey results and how Honeywell's AI solutions are helping to shape the energy sector, please visit Methodology Honeywell commissioned research firm Hudson Pacific to conduct the Honeywell AI in Energy Industry Survey from March 24, 2025 through April 1, 2025. This opinion research is based on responses from 300 U.S. decision-makers and influencers in energy and energy-adjacent industries on their use of artificial intelligence. Respondents included those in oil and gas, electricity generation and distribution, utility construction, solar field development, wind turbine transportation or construction, natural gas distribution, mining, carbon management, chemical manufacturing and more. Leaders taking the survey had input into their company's use of AI in its operations. About Honeywell Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit Disclaimer: The information presented in this document is intended solely for informational purposes and not as advice or recommendations for any particular action or investment. The information should not be relied upon, in whole or in part, as the basis for decision-making or investment purposes. The document and its contents are not guaranteed as to accuracy or completeness and are provided on an 'as is' basis. Use of this information is at your own risk. Honeywell disclaims all warranties as to the accuracy, completeness, or adequacy of such information and shall have no liability for errors, omissions, or inadequacies in such information. This document includes opinions that should not be construed as statements of fact. Any opinions expressed herein are subject to change without notice. Any forecasts and forward-looking statements are directional indicators, are not predictions of future events, and do not in any way reflect expectations for (or actual) Honeywell operational or financial performance. Any forecasts and forward-looking statements represent our current judgment and are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forecasts and forward-looking statements, which reflect our opinions only as of the date of publication of this document. Honeywell is not obligated to revise or publicly release the results of any revision to these forecasts and forward-looking statements in light of new information or future events. Media Contact: Melissa Volin +1 (980) 502-9330 [email protected] View original content to download multimedia: SOURCE Honeywell International, Inc.
