Westinghouse reaches memorandums of understanding with Australian local suppliers

Westinghouse Electric Company announced on Thursday they have reached memorandums of understanding (MOU) with UGL Limited,Teralba Industries and Saab Australia Pty Ltd.

According to the company, this will allow Westinghouse to begin to develop the supply chain in Australia. The arrangement would enable the companies  to gain experience in nuclear power generation and to develop it into a source of electricity should the option be pursued by the country’s federal government.

The company states that it hopes to establish cooperative efforts across the globe in order to meet the global demand for energy in a clean and reliable manner.

“Our goal is to be the first to innovate the next solution that will help more countries generate more clean, reliable, affordable electricity for more people,” Westinghouse President and CEO Danny Roderick said. “We’re proud that Westinghouse technology has brought clean air, power and light to millions of people across the globe, and we’re excited to help Australia explore ways to create jobs and economic opportunity that are also good for the environment.”

While Australia does not utilize nuclear forms of energy production, it does have large deposits of uranium. According to the company, the known uranium deposits make up 31 percent of global supply.

Earlier this year the South Australian Government established the South Australia Nuclear Fuel Cycle Royal Commission in order to evaluate whether nuclear energy would have potential as an energy resource.

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Westinghouse Electric Company

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