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 by building new reactors across the US using Westinghouse nuclear reactor technology.
“This historic partnership supports our national security objectives and enhances our critical infrastructure,” - Howard Lutnick, secretary for the US Department of Commerce.
Westinghouse owns the AP1000 reactor, the most advanced reactor commercially available.
Author summary: Westinghouse partners with US government for $80bn nuclear reactors construction.