Tech Company Financing Transactions
Westinghouse Electric Company Funding Round
Westinghouse Electric Company, operating out of Cranberry Township, secured investment capital from Arpa-E.
Transaction Overview
Company Name
Announced On
10/29/2026
Transaction Type
Venture Equity
Amount
Unknown
Round
Series A
Investors
Arpa-E (Lead Investor)
Proceeds Purpose
Westinghouse Electric Company will use the ARPA-E HORNIG programme funding to support the continued research, development and advancement of its PowerBlock� advanced nuclear fuel technology. The funding will help improve traditional nuclear fuel assembly designs through innovative fuel architectures and advanced manufacturing techniques, with the objective of achieving 24-month fuel cycles at thermal power levels above 4,200 megawatts. The project will also generate essential technical data to evaluate future commercial deployment opportunities, improve nuclear fuel performance, increase operational flexibility, and help utilities maximize electricity generation while improving plant economics and efficiency.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
1000 Westinghouse Drive
Cranberry Township, PA 16066-5528
US
Cranberry Township, PA 16066-5528
US
Phone
Website
Email Address
Overview
At Westinghouse, our mission is to power meaningful lives by providing sustainable energy and reliable appliances, lighting, and electronics for the home. As the company that brought power to America over 100 years ago, we strive to improve everyday life with trustworthy innovation that brings people together for the moments that matter. Guided by our legacy of innovation and quality, we partner closely with industry leaders in product development, manufacturing, and design to curate a selection of high-performing products for residential and industrial customers worldwide. From developing the electrical grid to producing sustainable carbon-free energy today, we have been pioneering the future of power for generations.
Management Team
Title
Name
Email & Social
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