Submitted by giteam t3_y7wrvv in dataisbeautiful
I__LOVE__LSD t1_isxohtf wrote
https://www.wsj.com/articles/westinghouse-deal-latest-signal-of-a-nuclear-power-revival-11665616628
Interesting article I read last week about the Canadian company on here (Cameco) doing a big acquisition that some people hope signals a resurgence in nuclear power generation. Here's a snippet of the article:
> A deal by Brookfield Renewable Partners and Cameco Corp. to buy nuclear-services firm Westinghouse Electric Co. is the latest sign of revival in the nuclear-power industry after years of decline.
> The matchup would create something of a Western nuclear powerhouse, pairing a key nuclear-power service provider with the largest publicly traded uranium company and one of the world’s biggest owners of wind and solar projects. The transaction is a bet that nuclear will play an important role in the energy transition away from fossil fuels. Brookfield and Cameco announced the deal Tuesday, saying the total enterprise value for Westinghouse is roughly $7.88 billion.
> Nuclear power has been in retreat globally, with more projects closing than opening. But a push for carbon-free electric power along with nuclear’s ability to produce round-the-clock have prompted a broad rethink of the technology. Russia’s invasion of Ukraine has also exposed the fragility of the nuclear fuel supply chain, in which Russia is a major player.
Pearl_krabs t1_isysxua wrote
Maybe it signals that. Didn’t Westinghouse go bankrupt failing to complete plant vogtle in Georgia? Maybe this will revitalize them.
Mitchmac21 t1_it0rden wrote
As an investor in the uranium space because I believe nuclear is the way of the future, I love seeing uranium getting the attention it needs.
Viewing a single comment thread. View all comments