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 facilitate the deployment of at least $80bn worth of nuclear reactors.
The agreement, established by the US government under the president's executive orders, aims to accelerate the deployment of nuclear power through the construction of new reactors utilizing 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
- 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 deploy $80bn worth of nuclear reactors.
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