Overview
- The reported agreement would see the U.S. arrange financing and expedite permits for Westinghouse AP1000 projects totaling about $80 billion.
- The structure offers the government a path to 20% of future profits and a potential 20% equity stake if Westinghouse exceeds a $30 billion valuation by 2029.
- The White House said safety fears are unfounded, asserting that the regulatory regime remains unchanged by the deal.
- TD Cowen analysts told clients they expect as many as 10 large Westinghouse reactors to be under construction by 2030, reflecting anticipated power demand from data centers.
- Experts cite Westinghouse’s Vogtle overruns, AP1000 modular build issues, climate-related cooling constraints, and workforce limits as execution risks to rapid deployment.