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 by the US government under the president's executive orders, aims to accelerate the deployment of nuclear power by constructing 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's summary: Westinghouse partners with the US government for nuclear construction.
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