Brookfield Asset Management, Cameco Corporation, and Westinghouse Electric Company have entered into a joint venture to build at least $80 billion of new nuclear reactors across the United States, with the U.S. government receiving a participation interest that entitles it to 20 % of any cash distributions exceeding $17.5 billion once the investment threshold is met.
The partnership will deploy Westinghouse’s AP1000 pressurized water reactor technology and the AP300 small modular reactor (SMR) platform, expanding the U.S. nuclear fleet with both large‑scale and modular options.
The program is projected to create more than 100,000 construction jobs nationwide and sustain 45,000 manufacturing and engineering positions in 43 states, providing a reliable, low‑carbon power source for data centers and other high‑energy consumers.
Brookfield holds a 51 % interest in Westinghouse, giving it a direct role in construction and operation, while Cameco’s 49 % stake positions it as the primary supplier of uranium fuel for the reactors.
The U.S. government will facilitate financing, permitting, and approvals for the new reactors, aligning the project with President Trump’s executive orders issued on May 23, 2025 to accelerate the U.S. nuclear energy industrial base.
The deal reflects a strategic response to growing electricity demand from data centers supporting artificial intelligence infrastructure, and is viewed as a key component of national security, economic growth, and U.S. leadership in nuclear technology.
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