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Westinghouse, Seaspan sign MoU to expand nuclear tech in Canada
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Westinghouse, Seaspan sign MoU to expand nuclear tech in Canada
Oct 10, 2024 11:20 PM

Oct 10 (Reuters) - Nuclear power company Westinghouse

Electric and Seaspan ULC said on Thursday they have signed a

memorandum of understanding to help expand nuclear projects in

Canada and around the world.

With nuclear power garnering renewed interest as a cleaner

energy source, countries such as Italy, United Kingdom, China

and the United States are looking into nuclear technology firms

such as Westinghouse to meet their carbon emission goals.

Westinghouse said Seaspan, which provides services such as

shipbuilding and maintenance, has the potential to manufacture

key components, including pipe spools and steel structures, used

in its nuclear reactors.

Seaspan's experience in delivering complex manufacturing

projects aligns well with the requirements of large-scale

capital projects such as nuclear reactors, Westinghouse said in

a statement.

Westinghouse, which is backed by Cameco ( CCJ ) and

Brookfield Renewable Partners, said the deal strengthens its

commitment to further develop Canada's nuclear supply chain to

support its global fleet of advanced reactors.

The company develops the AP1000 reactor technology and the

AP300 small modular reactors, which are smaller-sized nuclear

reactors touted as being more cost-effective and quicker to

deploy than the full-sized models.

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