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