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On October 28, 2025, Westinghouse Electric Company, Cameco Corporation, and Brookfield Asset Management announced a strategic partnership with the United States Government to accelerate nuclear power deployment, following President Trump’s May 23, 2025 Executive Orders. The agreement called for the construction of at least $80 billion (approximately C$109 billion) in new nuclear reactors across the U.S., all using Westinghouse’s AP1000 reactor technology. The plan was intended to strengthen the U.S. nuclear power industry and supply chain, with each two-unit AP1000 project projected to create or sustain 45,000 manufacturing and engineering jobs in 43 states, and a national rollout expected to generate over 100,000 construction jobs. The reactors are expected to provide reliable power for data centers and other infrastructure supporting artificial intelligence growth.
The partnership included profit-sharing mechanisms for all parties, including the American public, once certain thresholds are met. Brookfield and Cameco, who jointly acquired Westinghouse in October 2022, combined nuclear industry and infrastructure investment expertise.
Parties
Company
Westinghouse Electric Company
Company
Cameco Corporation
Company
Brookfield Asset Management
Deal Type
Financing/InvestmentIndustry
EnergyTransaction
$ 109,000,000,000Deal Status
ActiveClosing Date