Four companies in bidding for Westinghouse

ByRod Adams

Four companies, two with headquarters in the United States – General Electric and Shaw Group – and two with their headquarters in Japan – Mitsubishi Heavy Industries and Toshiba – are viewed as the front runners in the growing bidding war for Westinghouse.

Westinghouse is a wholly owned subsidiary of BNFL, an integrated nuclear plant supply company owned by the British Government.

The initial price tag set for Westinghouse was approximately 1 billion pounds stirling, (about $1.8 billion) but the final price is expected to rise significantly above that mark. Since the sale was announced, there have been several new announcements by utility companies planning to apply for licenses to build Westinghouse designed AP-1000 nuclear power plants, and Westinghouse is still in the running for a four reactor project in China.

Rod Adams
Rod Adams

Rod Adams is Managing Partner of Nucleation Capital, a venture fund that invests in advanced nuclear, which provides affordable access to this clean energy sector to pronuclear and impact investors. Rod, a former submarine Engineer Officer and founder of Adams Atomic Engines, Inc., which was one of the earliest advanced nuclear ventures, is an atomic energy expert with small nuclear plant operating and design experience. He has engaged in technical, strategic, political, historic and financial analysis of the nuclear industry, its technology, regulation, and policies for several decades through Atomic Insights, both as its primary blogger and as host of The Atomic Show Podcast. Please click here to subscribe to the Atomic Show RSS feed. To join Rod's pronuclear network and receive his occasional newsletter, click here.

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