Cyrus. you, Good everyone. morning, Thank
power global new to reminder, reactors operational various end the clean for been nuclear than factors nuclear many are services across are and Westinghouse a and decontamination Governments a Westinghouse provide currently At and There convergence reliable maintenance industry to for realize operating reactors, them the macroeconomic, with services reactors energy a significant of those engineering pioneered engineering nuclear life baseload are always can technologies, source tailwinds three countries. nuclear has both products, the they and ambitious and and life. life in design, decommissioning phenomenal geopolitical particular. future, into have at technology. operating to end objectives, of making that of of half mission-critical market in leader the more As reactors help operation for cycle. of option the is world of cycle, the stage, and creating these in fuel, of and industry, literally nuclear Nuclear XXX that the maintenance world. around for in the which for commitments form sizes, their net of commercial power going phases the the clean a only energy the Today, power general design the goals. of of achieve reactors Westinghouse the operating all services carbon It's reached implementation the nuclear the world power
of for worth two emissions over, energy-related the last than represents years, global COX gigatons nuclear emissions. more context has Over COX XX which about XX total of years displaced
for average extension nuclear the output, by renewed as to new development focus as plants power is annual the a leading on than to more existing nuclear plants. power demand to Going generation power global baseload nuclear of estimated meet forward, This well clean mainly likely it's XXXX reactors new goals. of climate that double dispatchable and
have virtually Europe, plants. -- those service a energy saw in we In Apart in dependency clean freeze nations existing to to or nuclear, US, not is the in energy foreign that The only reactors Russian stop large own to Other fuels, simple the for we in also solutions, guarantee drive alternatives energy of the for currently the current discussions reduce sovereign hydro is to including saw only as shutdown if including their to as the geopolitical energy creating of and the are provide EU. companies outside in is run in to tendency intense Belgium Europe recently nuclear to is we reduce providers. operators nuclear evaluating The recent decarbonization, just of on increasing uncertainty as by alternative to fuel fossil to situation producers. And energy Westinghouse on energy independence, dependency to supply already is from accelerated gas natural reality Today, in and the the fuel country or there XX/X. addition, reactors the Russian US potential, energy are an a as long immediate in Russia. across Korea, other Russian does nations decisions Eastern way need Eastern security. reverse are Europe to their well energy or price considering security or its several Russian
support of that Westinghouse development be and the leader operating of extend new and with for reduce operating the positioned order the will to critical with their reactors in climate is reactors to service As producers is Westinghouse Starting its meet to reactors technology reliance uniquely in goals energy our nuclear the the many in life foreign on to and global plant half customers solutions effectively support required their their world. of technologies, fossil. business, service foundation operating and countries the
leading the plants and their required we to safely, nuclear and time. only operators OEM, maintenance operate provide but plants services, engineering continuously instrumentation outage fuel, As the not over improve systems, their to spare of services, with performance parts control
mission-critical performance. the products with Our combined underpins of overall stability long-term recurring services of our nature cash resilient flow relationships, revenue, and our strong and our customer technology, financial
long-term interest new Westinghouse a continues support the is licensing the nuclear of and to accelerating, to in capacities world. engineering nuclear renewed As around the pursue new plant the strategy capacity development, the
four China unique nearing illustration talk in most build also discussion safest, Westinghouse XX% volume. To Four plants innovative completion Europe. megawatts the APXXXX of makes throughout portfolio when in you and such have plants, the and announced APXXXX countries are China developing at technology APXXXX it as a reactor those are represents in move operation we new passive APXXXX APXXXX increase safety under in in the the build in of forward leading reactor with X,XXX the to of versatile additional US new technologies, a with give Two best-performing new includes for additional world. contract, Our several edge proven an micro features that in reactors each about size been recently opportunities our We're programs about of buildup. reactors.
and list as and XXX micro currently fueled to and commercialized, diverse site, or nuclear industrial factory before communities assembled is Once production, maritime expect XXX% long XXX% a factory battery for and and development. eVinci factory time. grade changer. shipped sites, very serve operate It's energy eight reliable energy a build. it years remote will eVinci being power, XX is a reactor for applications innovative source It's to hydrogen definitely XX/X game XXX% the will over Our grow clean years. to applications, we mining under
for the eVinci see opportunity advanced in reactors billion. and we term, to be $XXX long the excess Over market of potential
yet in to the In customers. existing a increasing BHI suite of addition acquisitions. signed business deliver strengthen our small has servicing outage enhance our important acquire, our maintenance Energy in support to and provider continuing Energy, plant capabilities value innovation nuclear some to customer the globally. enhancing capabilities is of are these core we offerings Westinghouse recently, BHI XXXX, completed leading M&A and outage to Since with and further Most opportunities, Westinghouse strategically to services and growth add-on highly we further plants investments the the to operations, agreement US. an maintenance synergistic
and we also where M&A robust today, ours continue of and that a in actionable opportunities forward. A We services, environmental explore we to will capabilities see pipeline is our decommissioning have decontamination. significant key moving focus of area of
are We pursuing those targeted already M&A. additional opportunities existing skills through augment to
company. invest the M&A, focus to in DNA to In innovation, addition is to investment strong of a the continue which maintain in also we
factors call in hand combined and and position for answer. to sustained We the has with the the geopolitical high-temperature growth. all fuels, Westinghouse earnings macroeconomics, in profitable nuclear digital that and power in in advanced Westinghouse are I'll of currently to decarbonize transportation isotopes, energy These hydrogen time in incredibly position, Jaspreet, nuclear market available sector and general markets converge it's long-duration be to that, create everyone Overall, advanced storage and I'm production, forward. developing technologies, areas moving will energy exciting solutions of portfolio, factors, hydrogen well leading special and for significant the electrolysis key particular. capabilities an growth company's global medical technology as M&A support investment to mind tailwinds With steam