Brookfield/Cameco-owned Westinghouse Secures US Nuclear Construction Deal
Deal facilitates the deployment of at least $80bn reactors in the US.
Westinghouse Electric, a nuclear power firm owned by Brookfield Asset Management and Cameco Corporation, has partnered with the US government as part of an agreement which could lead to the construction of at least $80bn worth of nuclear reactors.
The agreement, established by the US government under the president’s 23 May 2025 executive orders, aims to accelerate the deployment of nuclear power through the construction of new reactors across the US utilizing Westinghouse nuclear reactor technology.
Westinghouse owns the AP1000 reactor, the most advanced reactor commercially available.
“This historic partnership supports our national security objectives and enhances our critical infrastructure,” - Howard Lutnick, secretary for the US Department of Commerce.
Author's summary: Westinghouse partners with US government for nuclear construction deal.
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