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.

(Reporting by Disha Mishra in Bengaluru, Editing by Alexandra Hudson and Barbara Lewis)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Russia says it hit cargo vessels bound for Ukraine, telecoms infrastructure in Kyiv
• US, Iran set to hold separate talks with mediators on Monday or Tuesday, official says
• With Burry as adviser, a new short-focused fund takes aim at private credit risks