A New Partnership
Westinghouse, Brookfield and Cameco have entered into a strategic partnership with the U.S. Government to accelerate the deployment of nuclear power, in accordance with the President’s May 23, 2025 Executive Orders.
At the center of the new strategic partnership, at least $80 billion of new reactors will be constructed across the United States using Westinghouse AP1000® and AP300™ nuclear reactor technology. This national program to deploy proven nuclear power at scale in the United States will reinvigorate the nuclear power industrial base.
“Westinghouse is honored to partner with the U.S. Government to meet this once in a generation opportunity to deliver nuclear power at scale in the United States and overseas. The AP1000 is ready to meet this mission, with a commercialized design, ready U.S. supply chain, highest capacity factor of any new reactor globally, and backed by cutting-edge AI tools that will transform construction into an efficient, repeatable process.”
— Dan Summer, Interim CEO of Westinghouse
“At our inaugural Energy and Innovation Summit held this past July, Brookfield and the great Pittsburgh-based Westinghouse pledged to rebuild America’s nuclear base. This deal makes great progress toward delivering on that promise. Thanks to them and to President Trump’s strong leadership, this investment will help the U.S. maintain its AI supremacy, create new jobs in Pennsylvania, and secure the Commonwealth’s position at the center of global energy production.”
— U.S. Senator Dave McCormick (PA)
About Westinghouse, Brookfield, and Cameco
Westinghouse
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
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
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.
