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large AP1000 reactor designCNBC
•Business
Business & Economics
84% Informative
Westinghouse Electric Co.'s state-of-the-art AP1000 design resulted in long delays and steep cost overruns.
The U.S. has tried to revive nuclear power for a quarter century , but the two reactors in Georgia mark the only entirely new construction across that period.
Tech sector's voracious appetite for power translates into willingness to pay a premium for nuclear.
AP1000 plants will be essential to power industrial sites like data centers.
Westinghouse is focused on deploying reactors in Eastern and Central Europe .
South Carolina's search for someone to complete the partially built reactors at V.C. Summer will likely draw investment from Big Tech "hyperscalers".
"If there's going to be gigawatt scale deployment in the U.S. , decision making needs to accelerate," Lipman said. "The business model, the investment climate, any legislative changes that might be in the offing at the state level or the federal, now is the time to address those pertinent issues." — CNBC 's Gabriel Cortes contributed to this report..
VR Score
85
Informative language
83
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58
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English
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58
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16
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11
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