Why is this partnership happening now?
The U.S. Government has outlined an ambitious strategy to strengthen America’s economic and technological leadership in AI with advanced nuclear energy at its core. The fully licensed and construction ready AP1000 advanced modular reactor offers the fastest and only proven pathway to add advanced nuclear generation at scale in the United States. This partnership will cement the United States as the world’s leading nuclear energy powerhouse and increase exports of Westinghouse advanced nuclear technology globally. Westinghouse’s shareholders, Brookfield and Cameco, are fully aligned to this vision.
How did the partnership come together?
Brookfield and Cameco are pleased to have found a closely aligned partner in the U.S. Government. Their commitment to construct $80 billion in new nuclear reactors utilizing Westinghouse technology provides an immediate kickstart to the U.S. nuclear industry.
Can Westinghouse deliver its AP1000 technology at the scale required?
Yes. Westinghouse has never been in a stronger position to deliver new commercial nuclear energy in the U.S. The AP1000 is ready to meet this important mission, with a fully commercialized design, ready U.S. supply chain, multiple constructor relationships, and backed by cutting-edge AI tools that will transform delivery into an efficient, repeatable process.
What benefits will this investment provide to the American people?
This partnership will support America’s leadership in AI and deliver transformational benefits for both the national economy and local communities. It will also reinforce the nation’s energy security and improve consumer access to low-cost power for the next century. The American taxpayer will also profit from Westinghouse’s long-term success, through profit sharing mechanisms agreed with the U.S. Government.
Each two-unit AP1000 project creates or sustains approximately 45,000 jobs in 43 states including in manufacturing and engineering, and a national deployment will support tens of thousands of construction jobs. An AP1000 plant will also generate highly skilled long-term plant operation jobs for more than 80 years.
Will these new reactors only be used to power AI?
No. Supporting America’s leadership in AI is a core use case, but the power produced will also meet broader increases in energy demand and bolster energy security.
Will Westinghouse be able to effectively serve its other customers while delivering on the U.S. Government’s planned reactor order?
Yes, a new build program in the U.S. will enhance deployment of AP1000 and AP300 technology for strategic projects overseas due to fleet benefits.
Have any sites been chosen for deployment?
We will work closely with the U.S. Government on site selection.
What happens next?
We look forward to providing additional updates as this partnership progresses.
