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Toshiba to Pay $5.4 Billion for Westinghouse

Posted by ScuttleMonkey on from the much-longer-laptop-battery-life dept.

Philip writes "Business electronics firm Toshiba is bidding for 100% control of Westinghouse - famous for making blenders and LCD televisions, but principally in the business of building nuclear reactors. 'By 2020 the market for nuclear power generation is expected to grow 50 percent compared to 2005,' Toshiba CEO Nishida said at a London news conference. 'Toshiba is responding to this challenge by acquiring Westinghouse.'"

2 of 226 comments (clear)

  1. National Security by qwertphobia · · Score: 5, Interesting

    Does the DOE have any limitations on foreign corporations handling parts of our Nuclear Energy programs?

    Is anyone else a little concerned about this?

    --
    Never ask for directions from a two-headed tourist! -Big Bird
  2. GE ESBWR by chipperdog · · Score: 5, Interesting

    As far as the next generation of "traditional" fission reactors, I guess I've been more impressed with GE's ESBWR , than Westinghouse's APxxx ...
    IANANE (I am not a Nuclear Engineer), but BWRs seem to have fewer problems (no steam gnerators to leak/plug up, no vessle head degradation) and are theroetically more efficent (single cycle)...
    I wonder if anyone is going to make a bid for GENE (General Electric Nuclear Energy)...
    I also wonder why we dont hear more about CANDU reactors . They use natural uranium instead of enriched uranium, which could provide more peaceful energy in unstable areas of the worls