US Signs $80bn Nuclear Energy Deal with Westinghouse

The US government has partnered with Westinghouse Electric’s Canadian owners to accelerate construction of new nuclear reactors in an $80 billion program.

Westinghouse’s owners, Cameco and Brookfield Asset Management, confirmed the agreement, which aims to expand the deployment of nuclear power across the United States. 

Cameco provides uranium and nuclear fuel services, while Brookfield brings investment and management expertise.

The move aligns with President Donald Trump’s executive order of 23 May 2025, which called for the rapid development of advanced nuclear reactors to power artificial intelligence infrastructure. 

Under the partnership, Westinghouse will supply its AP1000 pressurised water reactors, each capable of generating 1GW, as well as the smaller AP300 modular reactors.

The US government is expected to assist with financing and regulatory permits for the projects. In return, it will receive a 20% share of future profits after Brookfield and Cameco have received $17.5 billion in returns. 

Brookfield estimates that nationwide deployment of the reactors could create 100,000 construction jobs.

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Dan Summer, interim CEO of Westinghouse, said, “Westinghouse is honoured to partner with the US 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.”

Westinghouse will begin placing project orders and critical equipment once the deal is finalised, relying on supply chains established during the construction of Vogtle Units 3 and 4 in Georgia.

Construction of the units began in 2009. However, it was not until 2023 that Vogtle Unit 3 was completed, with Unit 4 beginning commercial operations in April 2024. 

The delays were occasioned by multiple factors, including a halt after the 2011 Fukushima disaster.

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