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 reactors in the US.
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,” said Howard Lutnick, secretary for the US Department of Commerce.
- Partnership between Westinghouse Electric and the US government
- Construction of at least $80bn worth of nuclear reactors
- Utilization of Westinghouse's AP1000 reactor technology
Author's summary: Westinghouse secures US nuclear construction deal worth $80bn.
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