Westinghouse Electric Company Signs Cooperation Agreement for Lead-Cooled Fast Reactor Development

CRANBERRY TOWNSHIP, Pa.–(BUSINESS WIRE)–Westinghouse Electric Company has signed a Cooperation Agreement for
lead-cooled fast reactor (LFR) technology development with the Italian
National Agency for New Technologies, Energy and Sustainable Economic
Development (ENEA) and Ansaldo Nucleare. The agreement demonstrates each
party’s commitment to collaborating toward the development of a
next-generation nuclear plant based on LFR technology, which is both
“walk-away” safe and economically competitive across global energy
markets.

“This agreement is an exciting step towards the development of a
lead-cooled fast reactor for the marketplace,” said Ken Canavan,
Westinghouse chief technology officer and vice president, Global
Technology Office. “The LFR is game-changing technology for clean energy
industries, and Westinghouse is pleased to be working with such
experienced partners to bring this innovative concept to fruition.”

Beyond baseload electricity generation, the high-temperature operation
of the LFR will allow for a broad range of applications such as an
effective load-following capability enabled by an innovative thermal
energy storage system, delivery of process heat for industrial
applications and water desalination.

ENEA is a world leader in research and development on lead-based
systems, and currently operates among the finest and largest
experimental facilities for LFR research in the world.

Ansaldo Nucleare has vast experience in nuclear power plant design,
supply, service and decommissioning, and has played leading roles in
multiple international LFR development programs for the past 15 years.

Contacts

Westinghouse Electric Company
Sarah Cassella, +1 412-374-4744
Manager,
External Communications
cassels@westinghouse.com