Westinghouse is partnering with The U.S. Department of Energy’s Office of Energy Dominance Financing (EDF) under the American Nuclear Supply Chain Loans program to enable U.S. supply chain investments and accelerate fleet deployment of new nuclear in America.
Central to the partnership is a conditional commitment of a $17.5 billion loan by EDF to finance the purchase of long-lead time items (LLI) for up to 10 AP1000® units, the only fully designed and licensed advanced reactor operating in the United States today. Advance purchase of LLI can accelerate project deployment timelines by up to three years and create significant supply chain efficiencies.
Westinghouse Electric Company is the future of energy, providing reliable, innovative nuclear technologies and services globally. Westinghouse pioneered commercial nuclear power, delivering the world’s first commercial pressurized water reactor in 1957. The company has industrialized more nuclear reactors than any other company, with its technology forming the basis of half of the world's operating nuclear plants. More than 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle. For more information, visit westinghousenuclear.com and follow us on Facebook, LinkedIn and X.
Brookfield Asset Management Ltd. (NYSE: BAM, TSX, BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. This includes more than $550 billion invested in the United States, supporting more than 75,000 American jobs.
We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles. For more information, please visit our website at bam.brookfield.com.
Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.
