Westinghouse Electric Company LLC
Profile
Westinghouse is the vendor of the AP1,000 (operating at Sanmen and Haiyang in China and Vogtle 3&4 in the US; selected for Poland's first plant) and the developer of the AP300 SMR and eVinci microreactor; it also fabricates PWR fuel at Columbia (South Carolina), Springfields (UK) and Vasteras (Sweden). Since November 2023 it has been owned by Brookfield (51%, with Brookfield Renewable) and Cameco (49%). On 28 Oct 2025 Cameco and Brookfield signed a binding term sheet with the US Department of Commerce for a strategic partnership to build new Westinghouse reactors in the US with an aggregate investment value of at least US$80 billion; once vested, the US government receives 20% of Westinghouse cash distributions above US$17.5 billion and may require an IPO if the interest has vested by January 2029 at a valuation of US$30 billion or more (Cameco 6-K). The AP300 remains in NRC pre-application engagement (regulatory engagement plan updated 11 Jun 2026; no application date published) per the SMR projects dataset. Private; no market data apply.
Source: Cameco news release via SEC 6-K (28 Oct 2025); data/smr_projects.csv (NRC page updated 8 Sep 2026), 9 Oct 2026 · confidence mediumKey projects
| Project | Country | Stage | Note | Map |
|---|---|---|---|---|
| Westinghouse AP300 | USA | Concept | Regulator stage as of 9 Oct 2026: NRC pre-application (docket 99902111); regulatory engagement plan updated 11 Jun 2026; 11 white papers with NRC feedback; no DC/SDA application date published | open on the map |
| Vogtle [AP1000 vendor (units 3&4)] | USA | Operating | 4 operating units, 4,536 MWe net | open on the map |
| Sanmen [AP1000 vendor (units 1&2)] | CHN | Operating | 2 operating units, 2,314 MWe net; 2 under construction | open on the map |
| Haiyang [AP1000 vendor (units 1&2)] | CHN | Operating | 2 operating units, 2,340 MWe net; 2 under construction | open on the map |
| Columbia Fuel Fabrication Facility, SC | USA | Operating | operating PWR fuel plant; capacity not recorded | – |
Deals
Documents
| Document | Type | Date |
|---|---|---|
| NRC AP300 pre-application activities page | Regulator | 8 Sep 2026 |
| Cameco 6-K exhibit 99.1: Cameco, Brookfield and US Government strategic partnership for Westinghouse reactors (>= US$80bn) | Press release | 28 Oct 2025 |
Chart
- Market cap, USD
- n/a · private, unlisted
- Market cap, local
- n/a · private, unlisted