Westinghouse Electric Company

What Westinghouse Electric Company does

Westinghouse Electric Company LLC is a privately held U.S. nuclear technology company headquartered in Cranberry Township, Pennsylvania, founded in 1886 and owned since November 2023 by Brookfield Asset Management (51%) and Cameco Corporation (49%). With more than 11,000 employees across 21 countries, Westinghouse designs, manufactures, and services commercial nuclear power plants, fuel, and components, with its technology forming the basis for approximately half of the world's operating nuclear reactors. Its core product portfolio centers on three reactor platforms — the AP1000 pressurized water reactor (the only operating Generation III+ large reactor in the United States with NRC design certification through 2046), the AP300 small modular reactor derived from AP1000 technology, and the eVinci microreactor for remote and defense applications — supported by a Lead-Cooled Fast Reactor development program.

Revenue is generated across five streams: nuclear reactor sales and licensing, nuclear fuel products and services for PWR, BWR, and VVER plants (manufactured at the Columbia Fuel Fabrication Facility in South Carolina and Springfields in the United Kingdom), comprehensive operating plant services (outage, maintenance, instrumentation and controls, parts, and engineered solutions), engineering and construction management for new nuclear plants, and government services for defense and space applications. The company sells primarily through direct enterprise field sales to nuclear utilities and government counterparties, with contracts structured as multi-year, multi-billion-dollar agreements and complex project development partnerships (e.g., the Westinghouse-Bechtel consortium for Poland's first nuclear plant).

Key customers and partners include U.S. utilities such as Southern Company and Santee Cooper; European state-owned utilities including Polskie Elektrownie Jądrowe (Poland), Energoatom (Ukraine), MVM Paks (Hungary), ČEZ (Czech Republic), and GEN energija (Slovenia); the hyperscale AI infrastructure developer Fermi America; and strategic partners including the U.S. Department of Energy, Brookfield, Cameco, Bechtel, and Google Cloud. Adjusted EBITDA was approximately $780 million in 2024 per analyst reports, and the company is investing aggressively to scale AP1000 fleet deployment in the U.S. and abroad under an $80 billion strategic partnership with the U.S. Government announced in October 2025.

Name

Westinghouse Electric Company

Legal name

Westinghouse Electric Company LLC

Website

https://westinghousenuclear.com

Company type

Private

Founded year

1886

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Westinghouse Electric Company is a privately held U.S. nuclear technology company, owned by Brookfield (51%) and Cameco (49%), that designs, manufactures, and services AP1000 reactors, AP300 SMRs, eVinci microreactors, nuclear fuel, and operating plant services for utilities and governments worldwide.

Ownership category

akta.pro rank

Product category

Nuclear Reactor Technology

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (33361)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Gen III/III+ Reactor Systems & Components (EUAKADAB)

akta.pro secondary industries

Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors) (EUAKADAC), Reactor Protection, Safety Systems & Engineered Safeguards (ECCS, Containment Isolation) (EUAKADAI), Fuel Cycle Chemical & Process Equipment (Cylinders, autoclaves, fluorination systems) (EUAKACAI), Nuclear Plant EPC & Construction (EUAEAAAC), Reactor Vessel, Internals & Primary Circuit Components (RPV, piping, pumps, valves) (EUAKADAE)

Keywords

• Nuclear reactor technology
• Pressurized water reactors
• Nuclear fuel fabrication
• Nuclear plant services
• Small modular reactors

Headquarters

HQ city

Cranberry

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Nuclear Reactor Sales and Licensing: Sale and licensing of nuclear power reactor technology including AP1000 large modular reactors and AP300 SMRs to utilities and governments worldwide
2. Nuclear Fuel Products and Services: Design, manufacturing, and supply of nuclear fuel assemblies for PWR, BWR, and VVER reactors including fuel fabrication operations
3. Operating Plant Services: Comprehensive services for operating nuclear plants including outage services, maintenance, inspection, engineered solutions, instrumentation and controls, parts supply, staffing solutions, and long-term operations support
4. Engineering and Construction: Project development, engineering, procurement and construction management for new nuclear plant deployment
5. Government Services: U.S. government nuclear operations support, decommissioning, and advanced technology applications for defense and space markets

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Westinghouse designs, manufactures, and licenses advanced nuclear power reactors — primarily the AP1000 pressurized water reactor, the AP300 small modular reactor, and the eVinci microreactor — and supplies the high-performance nuclear fuel, outage services, instrumentation and controls, and engineered solutions that support the global fleet of operating nuclear plants.

Product overview

Westinghouse Electric Company offers a comprehensive portfolio of nuclear technology products and services organized around the nuclear plant lifecycle. The core product portfolio includes the AP1000 pressurized water reactor (world's first proven Generation III+ reactor with passive safety), the AP300 small modular reactor (next evolution of licensed AP1000 technology), and the eVinci microreactor for remote and defense applications. These reactor products are complemented by nuclear fuel offerings (PWR, BWR, VVER), comprehensive operating plant services including outage management, long-term operations, engineered solutions, digital optimization services, and parts/components supply. The company also offers AI-enabled solutions through Westinghouse AI (proprietary nuclear-specific AI systems leveraging 75+ years of experience), Enhanced Inventory Management (AI-driven optimization via OptiLife Service Center), and the BEACON Core Monitoring System. Supporting services include I&C/Automation, Training Solutions (Nuclearning platform), Energy Storage, and specialized offerings from subsidiaries including Westinghouse Government Services, Stone & Webster (fossil/renewable power), and Westinghouse Electric Italy (manufacturing). The company operates manufacturing facilities including the Columbia Fuel Fabrication Facility (U.S.) and Springfields (UK), serving approximately half the world's operating nuclear reactors.

Differentiator

Problem solved

Functional benefit

Brands

• Westinghouse Government Services: Supports U.S. government needs applying the company's advanced technologies and capabilities in nuclear operations, decommissioning, engineering, procurement and construction management
• Stone & Webster
• Mangiarotti
• AP1000
• AP300 SMR
• eVinci Microreactor

Products and services

• AP1000 PWR The world's first proven Generation III+ pressurized water reactor with passive safety systems requiring no operator action, external power, or mechanical intervention, and a modular construction design delivering approximately 1,100 megawatts per unit. Sold to electric utilities and government-owned power generation entities.
• AP300 SMR The next evolution of licensed AP1000 technology in a small modular reactor format, designed for smaller power requirements and flexible deployment. Targeted at utilities, data center operators, and industrial customers seeking compact nuclear generation.
• eVinci Microreactor A microreactor technology for remote energy applications, space, and defense markets, featuring a compact transportable design with passive safety systems. Targeted at defense installations, remote sites, and space applications.
• Nuclear Fuel for PWR, BWR, and VVER Reactors High-performance fuel assemblies for pressurized water reactors, boiling water reactors, and VVER reactors, including advanced fuel designs (LEU+ ADOPT fuel pellets) and fuel fabrication operations at Columbia (U.S.) and Springfields (UK). Sold to global nuclear utilities.
• Operating Plant Services Comprehensive services for the global nuclear operating fleet including outage services, maintenance, long-term operations, engineered solutions, digital optimization, staffing solutions, BWR services, parts and components, instrumentation and controls, environmental services, and component manufacturing. Sold to operating nuclear utilities worldwide.
• Westinghouse AI Proprietary nuclear-specific AI systems that leverage more than 75 years of human experience to improve efficiency and safety in nuclear reactor construction and operations. Delivered to nuclear utilities and partners.
• Westinghouse Government Services Subsidiary business supporting U.S. government needs with advanced nuclear technologies including decommissioning, engineering, procurement, and construction management. Sold to U.S. federal agencies and defense entities.
• Stone & Webster Engineering and Project Services Engineering and project services for fossil and renewable power generation sectors, including support for aircraft engine manufacturers, large processing facilities, and industrial applications. Sold to power generation and industrial customers.

Quantifiable outcome

• 45,000 jobs created per two-unit AP1000 project
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability6 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• Google CloudflagshipTechnology or Integration · 15 July 2026Collaboration to use AI tools to transform nuclear reactor construction into efficient, repeatable process and enhance operations of existing plants using data-driven insights. Strategic partnership announced July 2025.
• Penn State UniversitycoreStrategic or Co-development Partner · 6 May 2026Five-year MOU for nuclear research partnership with focus on workforce education supporting sustainable reactor development. Establishes fellowships, 40 paid summer internships, and exploration of research test reactor facility (HORIZON). Builds on 2022 collaboration on eVinci microreactor.
• The Nuclear CompanycoreStrategic or Co-development Partner · 4 May 2026Joint venture to serve as project manager for potentially completing V.C. Summer Units 2 and 3 in South Carolina. New company offers execution capabilities for AP1000 and AP300 technologies with end-to-end project management.
• ITER (International Thermonuclear Experimental Reactor)minorStrategic or Co-development Partner · 30 June 2025$180 million contract for assembly of fusion reactor's vacuum vessel - key milestone in ITER construction project to advance fusion energy technology.
• Fermi AmericaflagshipStrategic or Co-development Partner · 28 April 2025Partnership to finalize Combined Operating License Application for four AP1000 reactors at Fermi America's Amarillo hyperscale AI data center campus. Represents new market for nuclear power in AI infrastructure.
• Data4coreStrategic or Co-development Partner · 11 March 2025MoU to explore use of AP300 SMR to power future data centers in Europe, reducing reliance on fossil fuels. Data4 selects AP300 as technology of choice for evaluation at European data center deployment.
• BechtelcoreStrategic or Co-development Partner · 20 February 2025Westinghouse-Bechtel consortium delivering Poland's first nuclear power plant with three AP1000 reactors. Joint engineering, procurement, and construction management. Also partnered on V.C. Summer project restart evaluation.

Scale indicators7 records

Recent moves4 records

Expansion highlights7 records

Direct peers

• Framatome: France-based designer and supplier of PWR technology (EPR), nuclear fuel, and plant services. Framatome is the closest global competitor to Westinghouse, with a comparable portfolio spanning reactor design, fuel fabrication, I&C, and outage services for an installed base across Europe, China, and the Americas.
• GE Hitachi Nuclear Energy: Joint venture between GE Vernova and Hitachi that designs BWR and ABWR reactors, supplies nuclear fuel, and provides services to the global operating fleet. Directly competes with Westinghouse in the US, Japan, and Europe on reactor design, fuel, and plant services.
• KEPCO / Korea Hydro & Nuclear Power (KHNP): South Korean state-owned nuclear OEM deploying the APR1400 PWR in Korea, UAE (Barakah), and competing for export tenders in Poland, Czechia, and the UK. Directly competes with Westinghouse in the same large-scale PWR export market, with a lower-cost standardized design.
• BWX Technologies (BWXT): US-based supplier of nuclear components, naval nuclear reactors, and nuclear fuel (including TRISO for microreactors). Comparable to Westinghouse across nuclear manufacturing, specialty components, and government/defense nuclear programs.

Emerging players

• NuScale Power: US-based SMR developer with NRC-certified VOYGR design. Competes with Westinghouse's AP300 in the small-modular reactor segment and in pursuit of hyperscaler/data-center power-purchase agreements.
• Rolls-Royce SMR: UK-based SMR developer competing head-to-head with Westinghouse's AP300 in the UK Generic Design Assessment and broader European new-build programs. Focused on modular factory-fabricated PWRs for utility and industrial customers.
• X-energy: US developer of the Xe-100 high-temperature gas-cooled reactor and TRISO-X fuel, with DOE Advanced Reactor Demonstration support. Competes with Westinghouse in the advanced-reactor/SMR space, particularly for industrial and data-center applications.
• TerraPower: Bill Gates-backed developer of the Natrium sodium-cooled fast reactor and traveling-wave concepts, with an active demonstration project at Kemmerer, Wyoming. Competes with Westinghouse's eVinci microreactor and advanced reactor pipeline in the US advanced-reactor market.
• Holtec International: US-based nuclear technology company developing the SMR-160 small modular reactor and providing spent-fuel storage, decommissioning, and plant services. Directly comparable to Westinghouse in operating-plant services and competes in the emerging SMR market.

Broad incumbents

• Rosatom: Russian state nuclear corporation that designs VVER PWRs, fabricates fuel, builds plants, and operates uranium mining through enrichment. Competes with Westinghouse across the full nuclear value chain, particularly in Eastern Europe, the Middle East, and Asia, though currently constrained by sanctions and geopolitics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/WECNuclear
• YouTubeyoutube.com/user/westinghousenuclear
• Facebookfacebook.com/WestinghouseNuclear
• LinkedInlinkedin.com/company/166921

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles27 records

Subsidiaries6 records

Funding overview

Funding rounds6 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westinghouse Electric Company