Brookfield/Cameco-owned Westinghouse Secures US Nuclear Construction Deal
A deal has been reached between Westinghouse Electric, a nuclear power firm owned by Brookfield Asset Management and Cameco Corporation, and the US government.
The agreement, established under the president's executive orders on 23 May 2025, aims to accelerate the deployment of nuclear power and involves the construction of new reactors across the US using Westinghouse nuclear reactor technology.
- The deal could lead to the construction of at least $80bn worth of nuclear reactors in the US.
- 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 reactor construction.