Westinghouse Electric has gone nuclear, with nuclear services, fuels, and power plants. It provides design work and start-up help for new nuclear power plants and makes many of the components. Westinghouse Electric manufactures and supplies the commercial fuel products needed to run the plants, and it offers training, engineering, maintenance, and quality management services.The firm also has research and technology operations. Its serves utilities and industrial companies worldwide. Westinghouse Electric, which is owned by Japan-based conglomerate Toshiba, estimates that almost 50% of nuclear power plants around the world and about 60% of US plants are based on the company's technology.
A global player, in 2009 Westinghouse Electric followed up on selling its AP 1000 nuclear plant technology to China (an initial contract was signed in 2008, and extended in 2011), by entering talks with the Indian government about deploying its technology in that country. This culminated in 2010 when the company signed a deal with India-based engineering services provider Infotech Enterprises to create the Westinghouse India Engineering Center in Hyderabad to work on developing Westinghouse AP1000 plant technology in India. That year it also secured a five-year contract to provide engineering services to nuclear plants in Spain.
In the US, to complement its controls business, in 2009 Westinghouse Electric acquired nuclear instrument and control maker CS Innovations. In 2011 the company secured a long-term contract (for $400 million) with South Carolina Electric & Gas Company to provide nuclear fuel fabrication services for the V.C. Summer nuclear power plant in South Carolina.
British Nuclear Fuels Limited (BFNL) acquired the nuclear power business of CBS (forming Westinghouse Electric) in 1999. In 2006 BFNL sold the company to Toshiba, which beat out General Electric and Mitsubishi Heavy Industries as the preferred suitor in the sale of Westinghouse Electric.
The company traces its origins to 1886 when George Westinghouse created the world's first alternating current power generating plant. It built the first pressurized water reactor nuclear plant in 1957. – less