Westinghouse gets $17.5 billion for nuclear reactor project
The United States Department of Energy announced it plans to provide $17.5 billion in loans to speed up the deployment of 10 nuclear reactors Cranberry Township-based Westinghouse Electric Company plans to build across the country.
This partnership with the DOE will enable investment in nuclear supply chains and accelerate deployment of new nuclear generation at scale, according to Westinghouse.
“America has always won when it thinks big and builds for the future,” said Westinghouse CEO Dan Sumner. “If we want to lead in artificial intelligence, advanced manufacturing and the industries that will define the next century — we need more American baseload energy.
“This means building industrialized nuclear power at fleet scale, creating long-term economic growth, thousands of high-quality jobs, strengthening supply chains and revitalizing communities.”
On July 15, 2025, during the first Pennsylvania Energy Summit and Expo in Pittsburgh, Sumner announced the company’s plan to build 10 large nuclear reactors in the U.S. with construction to begin by 2030.
The company will use its AP1000 Pressurized Water Reactor design for the reactors, which can generate enough electricity to power more than 750,000 homes. The 10 reactors would drive $75 billion of economic value across the U.S. and $6 billion in Pennsylvania, according to Sumner.
The loans will cover almost one-quarter of the expected total cost. In November 2025, Westinghouse, alongside its parent companies Cameco Corp. and BrookField Asset Management, announced plans to build $80 billion worth of new nuclear reactors within the U.S.
Westinghouse will partner with up to five eligible utilities or energy companies on the projects. It already has signed letters of intent with seven potential partners, each with identified project sites.
The sites of the 10 reactors have not been disclosed at this time.
According to Westinghouse, the DOE and Westinghouse must satisfy certain technical, legal, environmental and financial conditions before the department enters into definitive financing documents and funds the loan.
The U.S. has built just two new nuclear reactors during the past 30 years, both of which were Westinghouse AP1000s at Plant Vogtle in Waynesboro, Ga., a project that came in $18 billion over budget and seven years behind schedule.
