Westinghouse Is Claiming a Nuclear Deal Would See $80 Billion of New Reactors (arstechnica.com) 50
An anonymous reader quotes a report from Ars Technica: On Tuesday, Westinghouse announced that it had reached an agreement with the Trump administration that would purportedly see $80 billion of new nuclear reactors built in the US. And the government indicated that it had finalized plans for a collaboration of GE Vernova and Hitachi to build additional reactors. Unfortunately, there are roughly zero details about the deal at the moment. The agreements were apparently negotiated during President Trump's trip to Japan. An announcement of those agreements indicates that "Japan and various Japanese companies" would invest "up to" $332 billion for energy infrastructure. This specifically mentioned Westinghouse, GE Vernova, and Hitachi. This promises the construction of both large AP1000 reactors and small modular nuclear reactors. The announcement then goes on to indicate that many other companies would also get a slice of that "up to $332 billion," many for basic grid infrastructure. The report notes that no reactors are currently under construction and Westinghouse's last two projects ended in bankruptcy. According to the Financial Times, the government may share in profits and ownership if the deal proceeds.
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More like 15 years if ICE agents round up all the Japenese workers for looking "Furren"
Re:As always... (Score:5, Insightful)
They'll build them right next to the 13000-job Foxconn plant in Wisconsin and fund them with the proceeds of China buying billions of dollars of US agricultural products.
The power of brain farts! (Score:2)
If we could only harness the power of human stupidity we could revoke the Second Law of Thermodynamics. So why did you propagate the vacuous Subject? Even if you were going for funny.
Weird coincidence that I was recently trying to understand how free artificial gravity works. If you spin the ring, you can have "free" artificial gravity forever because the angular momentum can't go anywhere?
However if the people living on the ring always walk around the ring in the same direction, then at some point it will
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$80B...so one reactor after the perpetual environmental lawsuits, then.
Thats not far off the cost of building a nuclear power plant in the UK now, around $60B.
How many is that? (Score:3)
I think its 4.
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Re:How many is that? (Score:5, Insightful)
So, you believe anything el Bunko says? Are you mad? Have you been awake during the last 10 years at all? This is the same guy who claimed the U.S. received $19 Trillion from his tariffs. From https://www.politico.com/inter... [politico.com]
"Tariff revenues have been growing for months, and the latest data shows that the U.S. has collected $221.9 billion from them as of Oct. 27 — $141.1 billion more than the same time last year. But that’s still far short of the $2.4 trillion federal income taxes brought in last year."
The entire U.S. budget for 2024 was roughly $5.8 Trillion. The entire GDP of the U.S. for 2024 was roughly $29 Trillion.
Don't forget he even cheats....at golf. Anecdote paraphrased from a former Sports Illustrated editor's book: Lee Travino was being squired around the clubhouse by la Presidenta. At every new group, la Presidenta would announce what Lee Travino shot. And at every new group the number decreased a bit. Lee Travino commented that he had to leave before he set a new course record.
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As usual, you clowns are blinded by TDS
Trump has Dementia, Stupid.
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Actually, YOU have TDS induced dementia. You're also a useful idiot for the woke & deranged liberal/progressives.
Woke is not an insult, since it means being aware of and opposing systematic injustice. Only people who support abuse of other humans think that's bad.
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Dementia is obviously not a disqualifier given the ficus that previously sat behind the Resolute Desk.
True, and raping children is obviously not either given who sits there now. I guess anyone really can become president, if they have the backing of the worst people imaginable anyway.
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So, you believe anything el Bunko says?
He stated:
but it needs repeating, don't trust a politician in making claims for some goal beyond their term in office.
Good advice. Particularly important when a "deal" is announced with zero details.
Re:How many is that? (Score:4, Insightful)
Two at best considering the usual cost overruns, but more likely just one. And it will take 10-15 years to build.
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It'll quite possibly be 1. Initially, they'll start construction of the first, followed shortly after by the second. The second won't get the manpoower it needs, so it'll be slower than the first.
Assuming the whole project doesn't get shut down by a future administration, the first will eventually go into service. By then, renewables will have eaten a lot of the power lunch, and so the price per W won't really be high enough to make any proper money (or possibly it'll be loss making, propped up by the gover
SO about two reactors (Score:3, Insightful)
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Nuclear is simply a money pit. Do you think Barakah was hampered by "constant shifting in regulations"? It's the UAE and South Korea. They couldn't even build a plant on schedule and on budget.
LOL profit sharing! (Score:2)
That'll be the day.
Company Name? (Score:3)
"Hitachi GE Vernova Nuclear Energy, Ltd" is afaik a single company: https://www.hitachi-hgne.co.jp... [hitachi-hgne.co.jp]
Deal with the Trump administration (Score:3)
On Tuesday, Westinghouse announced that it had reached an agreement with the Trump administration
In other news, Wayne Industries announced that it has reached a licensing and cross-marketing agreement with the Joker.
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At best it's got a ~3 year lifespan on it, which is long enough to soak up some federal cash but little else.
I'll believe it when... (Score:5, Funny)
There are cheaper ways to generate heat (Score:4, Informative)
In a fission nuclear plant, nuclear fuel is used to generate heat to boil water to run a steam turbine.
That's all well and good, but there's no reason the heat has to come from nuclear fission; any similarly reliable heat-source would do just as well. Perhaps there are cheaper and safer ways [interestin...eering.com] to obtain the required heat? You can do a whole lot of drilling with $80,000,000,000 dollars, especially since without any radioactive material to worry about, you don't have to spend all that money on security, failsafe backup systems, and long-term waste disposal anymore.
Re: There are cheaper ways to generate heat (Score:4, Interesting)
hitachi magic wands hitachi magic reactors hitachi (Score:1)
hitachi magic wangs?
Westinghouse is Chinese owned (Score:2)
This does not seem like a deal that benefits the nation or could ever be trusted on a national security level.
Surely there are US companies licensed to build these facilities.
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Are you sure about that? I heard MBS through a Canadian wealth management firm.
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China controls Westinghouse - the investment was to purchase the technology behind the Westinghouse AP1000 megawatt nuclear designs.
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Are you sure about that? I heard MBS through a Canadian wealth management firm.
Yes, Brookfield. Our Canadian PM Carney's former wealth management firm.
Totally coincidence I'm sure.
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A Chinese company owns the rights to the Westinghouse appliance division. The nuclear division is different.
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China bought out Westinghouse years ago specifically to acquire the Westinghouse AP1000 Megawatt nuclear plant designs. The nuclear division is held entirely by the CCP.
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You would be wrong. https://info.westinghousenucle... [westinghousenuclear.com]
https://www.bbc.com/news/busin... [bbc.com]
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You need to go a little further - Brookfield is tied directly to the CCP with contracts for four new AP1000's in China signed last year. And Cameco, the other firm involved, supplies nuclear fuel to China.
These are Canadian companies financed by (and controlled by) the Chinese State.
3 Different designs (Score:2)
Time to build high-temperature designs (Score:2)
Raising the operating temperature of reactors by using molten salt as a coolant would be a big advantage, even with the current overall design. It would permit dry air to be used as the heat sink. Reactors could be installed in desert and on military bases far from NIMBYs and their lawyers.
We have three years to get this started. When the Democrats come back we will be able to use modern healthcare tech again, but our clean energy options will shrink back to EU levels.
"...would purportedly see $80 billion of new..." (Score:2)