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, aims to accelerate the deployment of nuclear power in the US using Westinghouse's nuclear reactor technology, including the AP1000 reactor.
“This historic partnership supports our national security objectives and enhances our critical infrastructure.” - Howard Lutnick, Secretary for the US Department of Commerce
The deal facilitates the deployment of new reactors across the US, with Westinghouse owning 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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