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Toshiba to Pay $5.4 Billion for Westinghouse

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.'"

16 of 226 comments (clear)

  1. Does this mean... by metternich · · Score: 4, Funny

    Nuclear Powered Laptops?

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    Facts do not cease to exist because they are ignored.
    1. Re:Does this mean... by 20th+Century+Boy · · Score: 5, Funny

      Gives a new meaning to the term "Blue Screen of Death".

  2. 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?

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    1. Re:National Security by bigtrike · · Score: 4, Informative

      This concern is not valid considering that Westinghouse is currently owned entirely by British Nuclear Fuels (BNFL). Also, DOE does not get very involved in the business side of things. This would be an NRC issue.

      Not entirely. Anything related to DoD (not DOE) is not primarily owned by BNFL. When CBS corporation split up the company in 2000, the DoD stiuplated that US based companies must have a controlling share in those divisions.

  3. 24 by Douglas+Simmons · · Score: 4, Funny

    How can we developing more nuclear technology without securing the manual override from our defense contractors? Am I the only one watching these 24 Monday Marathons???

  4. In other news... by pmike_bauer · · Score: 5, Funny

    ...Iran's bid for Westinghouse is 5.5 billion

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  5. Re:I thought Siemens already owned Westinghouse?? by kram2598 · · Score: 5, Informative

    In the 90s, Westinghouse was split up by Viacom, the owner at that time. The electronics side of the business was sold to Siemens and currently goes under the name Siemens-Westinghouse. All the other divisions of Westinghouse were sold to a variety of companies except for the nuclear division. The nuclear division retained the name Westinghouse Electric Company and was sold to British nuclear fuels.

  6. 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

  7. Thank you, Greenpeace by mi · · Score: 5, Insightful
    If not for the hysterical campaigns against nuclear energy, we would not be having this awful dependency on oil and other grossly unhealthy fossil fuels...

    It seriously set the nuclear power industry back, which is a shame. Old plants continue to operate, but new ones are very slow to appear. Safe and non-polluting technologies were available for decades and we are wising up to using them only now.

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  8. Brakes by grahammm · · Score: 4, Insightful

    I have never heard of Westinghouse blenders or TVs. To me the name Westinghouse means railway brake systems.

  9. It's already in play in the west by Quirk · · Score: 4, Interesting
    In Canada during the recent federal election campaign an add ran on national TV showing nuclear power as a clean air alternative to existing technology. The ad sported the requisite azure blue skys and big fluffy white clouds while touting nuclear power.

    In the UK the BBC website recently ran articles pointing to upcoming reviews of existing nuclear power plants and the impact of bring new plants online.

    As noted before the environmentalist camp has had some of it's big guns come out in support of nuclear power as the only alternative available to stave off global warming.

    Probably the various political power bases have decided nuclear power is the way to go and have given the spin doctors orders to soften public reaction.

    Good news for Canada with a mature nuclear technology, substantial Uranium resources, not to mention being oil and hydro rich.

    --
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  10. The purchase of Westinghouse... by nero4wolfe · · Score: 4, Interesting
    Actually, this is just about Toshiba buying the Westinghouse nuclear unit. The current owner of this unit is a British company.

    The rest of the old Westinghouse has been gone for many years. When you see a new "Westinghouse" consumer product, such as a lcd television, that's a separate individual or company that purchased the right to use the brand name in a certain product area, and then contracted with an asian manufacturer to produce the product.

    The same point is true of "Polaroid" lcd televisions; an investor bought the right to use the brand name for electronic products at Polaroids bankruptcy auction, and then contracts with asian manufacturers to bring in product.

  11. Toshiba Mini Reactors by DigitalRaptor · · Score: 4, Informative

    I'd love to see Toshiba's mini nuclear reactors widely deployed in the U.S., or at the bare minimum looked into with a few test deployments.

    They are small, safe, and cost effective.

    They are the size of a grain silo, buried 100 feet underground. They are idiot-proof (think of the causes of Chernobyl) because the nuclear reaction only happens while a plate is moving in front of the rods. If the plate stops, the reaction stops. The plate cannot move except intentionally, so the chance of a runaway meltdown approaches zero.

    If the U.S. were smart it would take a months budget for the war in Iraq and just buy the technology outright from Toshiba, then deploy them as widely and cheaply as possible.

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  12. CANDU by TubeSteak · · Score: 4, Informative

    That CANDU link is quite interesting

    http://canteach.candu.org/library/20000101.pdf

    Existing reactors work by using an expensive fuel (enriched uranium) and a cheap moderator (graphite or water).

    CANDU's idea is relatively safer. Instead of enriched uranium, CANDU reactors use natural uranium (which is cheap) along with an expensive moderator (heavy water). The design is a bit safer too.

    OTOH, heavy water is still a part of the nucleur weapons making process & is export controlled.

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  13. Westinghouse's Endeavors by Anonymous Coward · · Score: 4, Informative

    Rotary Steam Engine
    Railroad Block Signal
    Railroad Air Brakes
    AC Power Generation
    First Long-distance power transmission
    Niagra Falls AC Generation
    Steam turbine generators
    Light Bulbs
    AC Electric Locomotives
    First Marine Turbine Engine
    Micarta Laminate
    Electric kitchen Range
    Radios Receivers/Transmitters
    Electric Iron
    Television Cameras
    Televisions
    Elevators
    Electrostatic Air Cleaners
    First Atom Smasher
    Radar
    Automatic Washing Machine
    Electric Clothes drier
    X-Ray Machines
    Self Defrosting Refridgerator
    Electric Rotisserie Grills
    Room Air Conditioners
    Submarines
    Jet Engines
    Nuclear Reactors
    And on and on and on

  14. Re:Solution to distribution issues. by dfenstrate · · Score: 5, Informative

    My nuke plant puts out about 3400 amps at the New England Grid's 345,000 Volts. I don't know what the resistance is for the lines, but it's pretty damn low.

      The outgoing three phase lines have to be kept at a considerable distance from each other (16 feet) meaning that the minimum tower width is 32 feet or so.

    If you bring them any closer, you'd have arcing, or you'd need to heavily insulate them.

    If you increased the voltage (some places in the US run as high as 750,000 volts), you need to move the lines further apart, or insulate them greatly- not only is this expensive, but it makes them heavier, so you'd need tougher towers, you'd have less margin for ice buildup, etc, etc.

    There are numerous reasons why the main grid distribution voltage can't get substantially higher.

    Also local lines need to be kept at relatively low voltages to reduce maintanance costs. Again, the higher the voltage, the more prone a line is to arching to nearby grounds. If you run 100,000 volts through a neighborhood line you'd reduce line losses, but you'd have to send tree trimming crews out alot more often, and they'd have to cut trees much further back.

    In short, when you decide on a grid voltage for a particular line run, you have to weigh construction costs vs maintanance costs vs material cost vs line losses.

    There are numerous factors at play here.

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