Trystan Casey
Westinghouse Electric Company is an American nuclear power company headquartered in Cranberry Township, Pennsylvania, that provides fuel, technology, plant design, and equipment services for the commercial nuclear electric power industry. Westinghouse Electric Corporation, from which the current company was formed, was founded in 1886 by George Westinghouse and was originally named Westinghouse Electric & Manufacturing Company. The company currently has over 10,000 employees operating in 21 countries, with a focus on nuclear energy technology and providing solutions to customers to keep their plants safe, reliable, and efficient.
| Characteristics | Values |
|---|---|
| Year founded | 1886 |
| Founder | George Westinghouse |
| Headquarters | Cranberry Township, Pennsylvania |
| No. of employees | 10,000+ |
| No. of countries operating in | 21 |
| Business | Nuclear power |
| Products | Nuclear fuel, plant automation, operating plant products and services |
| Customers | Croatia, the Czech Republic, Finland, France, Japan, South Korea, Slovenia, Sweden, the United States |
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What You'll Learn
Westinghouse Electric Company's history and acquisition by Toshiba
Westinghouse Electric Company is an American nuclear power company that provides fuel, technology, plant design, and equipment services for the commercial nuclear electric power industry. The company's headquarters are located in Cranberry Township, a suburb of Pittsburgh, Pennsylvania. Westinghouse Electric Company was formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation, which was founded in 1886 by George Westinghouse.
Over the years, Westinghouse Electric Corporation expanded into various industries, including heavy industry, electrical production and distribution, consumer electronics, and home appliances. They were also a major player in the field of nuclear power, with the Westinghouse Atom Smasher introduced in 1937. However, a series of downturns, management missteps, and financial challenges in the 1970s and 1980s led the company to diversify into financial services.
In 1997, Westinghouse Electric Corporation changed its name to CBS Corporation and began selling off its commercial nuclear power businesses. In 1998, portions of their nuclear business were purchased by Siemens, and in 1999, the remaining parts were acquired by British Nuclear Fuels Limited (BNFL), which formed Westinghouse Electric Company.
In 2005, BNFL sold Westinghouse Electric Company to Toshiba for $5.4 billion. This acquisition surprised industry experts as it occurred before an expected substantial growth in the market for nuclear power, with countries like China, the United States, and the United Kingdom planning to invest heavily in this sector. Toshiba's ownership of Westinghouse was marked by expansions and acquisitions, but also by financial challenges and accounting scandals.
In 2017, Westinghouse Electric Company filed for bankruptcy due to ongoing cost overruns at the Vogtle Electric Generating Plant and Virgil C. Summer Nuclear Generating Station expansions, the first US builds of the company's AP1000 reactor design. This bankruptcy impacted Toshiba's finances, leading the company to sell Westinghouse as part of its strategy to focus on smaller but more stable businesses. On April 6, 2018, Toshiba completed the sale of Westinghouse holding company to Brookfield Business Partners, a subsidiary of Brookfield Asset Management Inc., for $4.6 billion.
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Westinghouse's global presence and subsidiaries
Westinghouse Electric Company is an American nuclear power company headquartered in Cranberry Township, a suburb of Pittsburgh, Pennsylvania. Westinghouse Electric was formed in 1999 from the nuclear power division of the original Westinghouse Electric Corporation, which was founded in 1886 by George Westinghouse. Westinghouse Electric Company currently has over 10,000 employees working across 21 countries.
Westinghouse Electric Company has a global presence and several subsidiaries worldwide. The company has expanded its business to several countries in Europe. It fully owns subsidiaries in Europe, such as the European Service Center, also called Westinghouse Electric Belgium, located in Nivelles, Belgium. Westinghouse also expanded its business in France, with a team located in Metz and two-thirds of its business in the country dedicated to fuel supply. As of 2014, Westinghouse had about 400 employees in France. The company also owns a nuclear fuel fabrication plant at Västerås, Sweden.
Westinghouse Electric Company has a presence in Asia, particularly in China. In 2006, China's State Nuclear Power Technology Co (SNPTC) acquired Westinghouse's AP1000 technology, which led to the development of a manufacturing supply chain capable of supplying international power projects. Westinghouse also has a partnership with Harbin Turbine Co. of China. In 2023, Westinghouse achieved significant milestones, including new reactors in Poland and China, and nuclear fuel supply to Ukraine.
Westinghouse Electric Company also has a presence in North America, with facilities in Lester, Pennsylvania; Charlotte, North Carolina; and Hamilton, Ontario. The company has expanded its operations in Canada, opening a new global engineering hub in Kitchener, Ontario, to support its new-build technologies and the CANDU® operating fleet. Westinghouse has a joint venture with Toshiba, which began in 1986 at a plant to produce Cathode-Ray Tubes (CRTs). Toshiba became a part-owner of this plant and the Westinghouse CRT business unit in 1989. In 2006, Toshiba confirmed it was buying Westinghouse Electric Company for $5.4 billion.
Westinghouse Electric Company has also established a presence in other regions, such as Italy, through its subsidiary, Mangiarotti, which focuses on components and manufacturing. The company has also supplied its technology to nuclear power plants in India as part of the Indo-US nuclear deal.
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Westinghouse's products and services
Westinghouse Electric Company is a Pennsylvania-based American nuclear power company that provides nuclear products and services to utilities internationally. The company's headquarters are located in Cranberry Township, Pennsylvania, and it has a significant presence in other countries, including France, Sweden, China, and Canada.
Westinghouse's main product is the AP1000, a modern pressurized water reactor (PWR) with passive safety features and modular construction, designed to reduce construction time and costs. The AP1000 is currently in operation at twelve reactors worldwide, with nineteen more in the planning stages. Westinghouse also offers other reactor technologies, such as the AP300 small modular reactor and the eVinci microreactor, which are in various stages of development and deployment.
The company provides nuclear fuel, service, and maintenance to its customers, ensuring the safe and efficient operation of nuclear power plants. They also offer instrumentation, control, and design services for nuclear power plants, drawing on their experience in the US government's military program for nuclear energy applications. Westinghouse has supplied nuclear fuel for Russian VVER-1000 nuclear reactors and is exploring opportunities to provide clean power solutions in Canada and other countries.
In addition to its nuclear business, Westinghouse has a history of contributing to various industrial products, including electric motors, elevators, escalators, controls, and lighting. The company has also been involved in transportation projects, such as supplying equipment for heavy rail and rail transit systems and building locomotives. Westinghouse was among the initial manufacturers of household electrical products, including radios and televisions.
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Westinghouse's impact on the nuclear energy industry
Westinghouse Electric Company is a world-leading American nuclear power company that provides nuclear products and services to utilities internationally. Westinghouse's impact on the nuclear energy industry is significant, with a focus on safe and innovative nuclear technology. With world headquarters in Cranberry Township, Pennsylvania, Westinghouse has been a major player in the nuclear energy industry since its earliest days.
One of Westinghouse's most notable contributions to the industry is its AP1000 reactor technology. The AP1000 is a modern pressurized water reactor (PWR) design with passive safety features and modular construction, intended to reduce construction time and costs. As of 2019, twelve AP1000 reactors are in operation, with nineteen more in various stages of planning. China's acquisition of Westinghouse's AP1000 technology in 2006 led to the development of a manufacturing supply chain capable of supplying international power projects.
Westinghouse has also expanded its global presence through acquisitions and partnerships. In 2001, Westinghouse acquired Logitest in France, allowing it to expand its business in the country. Westinghouse has also established a strong presence in Canada, with a new global engineering hub in Kitchener, Ontario, supporting the deployment of new-build technologies, including the AP1000 reactor and the AP300 small modular reactor.
The company has faced challenges, such as the 2017 revelation that it hired unlicensed workers for the V.C. Summer expansion project, resulting in significant delays. Additionally, in 2017, Westinghouse filed for Chapter 11 bankruptcy reorganization, causing uncertainty in the industry. Despite these setbacks, Westinghouse continues to play a crucial role in the nuclear energy industry, with a commitment to safety, sustainability, and innovation. The company's experience in working with over 200 nuclear facilities worldwide and its focus on training and resource solutions contribute to its impact on the industry.
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Westinghouse's employee numbers and company culture
Westinghouse Electric Company is a world-leading American nuclear power company that provides fuel, technology, plant design, and equipment services to utility customers worldwide. With a rich history dating back to its founding in 1886 by George Westinghouse, the company has been a pioneer in the field of nuclear energy and holds a strong commitment to innovation, safety, and sustainability.
Over the years, Westinghouse has experienced fluctuations in its employee numbers, reflecting the company's evolution and changing market dynamics. By 1900, Westinghouse had a remarkable 50,000 employees, showcasing its significant growth in the late 19th and early 20th centuries. However, in the 1970s and 1980s, the company faced financial challenges and management issues, which likely impacted its workforce.
Currently, Westinghouse boasts more than 10,000 employees spread across 21 countries. This diverse and dedicated team is committed to serving the communities in which they operate and is driven by a strong company culture centered around several key values. Firstly, safety is paramount, and the company prioritizes the well-being of its employees and customers alike. This commitment to safety is closely tied to their focus on innovation, as they strive to develop new nuclear technologies that are reliable, clean, safe, and economical.
The company also recognizes the importance of ethics and values, which guide their business practices and interactions with customers and communities. Additionally, Westinghouse values its employees' expertise and encourages continuous learning and engagement. This is evident in their commitment to increasing the number of women in leadership roles and fostering an environment that promotes technical expertise and relationship-building.
Westinghouse's culture of innovation and commitment to nuclear energy technology is further exemplified by their work in identifying and replacing obsolete parts in nuclear power plants. Their Proactive Obsolescence Management System (POMS) is a testament to their forward-thinking approach and dedication to enhancing the capabilities and reducing the costs of nuclear power plants worldwide.
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Frequently asked questions
Westinghouse Electric Company has more than 10,000 employees working in 21 countries.
Westinghouse Electric Company's headquarters are located in Cranberry Township, a suburb of Pittsburgh, Pennsylvania.
Westinghouse Electric Company is a nuclear power company that provides fuel, technology, plant design, and equipment services for the commercial nuclear electric power industry. The company is also involved in government services, fossil and renewable power generation, and component manufacturing.
Westinghouse Electric Company was founded in 1886 by George Westinghouse and was originally named "Westinghouse Electric & Manufacturing Company." The company was a major supplier of generators and steam turbines and played a significant role in the field of nuclear power. In 1999, the company sold its nuclear energy business and was renamed "Westinghouse Electric Company." It is now a subsidiary of Brookfield Business Partners, a Canadian investment management company.
