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 Sumner, 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)
“Pennsylvania’s nuclear energy industry plays a critical role in providing safe, reliable, carbon-free electricity that helps reduce emissions and grow Pennsylvania’s economy,” said Governor Josh Shapiro. “This partnership with Westinghouse taps into Pennsylvania’s strengths as a national energy leader and will create thousands of good-paying jobs in the Commonwealth, grow our economy, and ultimately add more power to the grid to meet increased demand. I am an all-of-the-above energy governor, and my Administration is working to generate even more power in the Commonwealth – with more power comes more national security, more independence, and more economic opportunity.”
— Governor Josh Shapiro, Pennsylvania
“Nuclear energy is central to American energy independence, national security, and innovation. This partnership will be critical for meeting growing electricity demands and solidifying U.S. civil nuclear leadership.”
— U.S. Senator Jim Risch (ID)
“America needs more energy, and new nuclear is the best way to meet our energy demands. The growth in AI and supercomputing, and the increased electrification of newly reshored industries, are dramatically increasing our power consumption. President Trump and Energy Secretary Chris Wright have made advancing America's nuclear renaissance a top priority to create our New Nuclear Future. I applaud this historic partnership and will continue to do my part as Chairman of Energy and Water Appropriations to support President Trump's and Sec. Wright's agenda to Make America Nuclear Dominate and strengthen our energy security for generations to come.”
– U.S. House Energy & Water Appropriations Chairman Chuck Fleischmann (TN)
“The Trump Administration and Congressional Republicans committed to unleashing American energy, including its growing nuclear energy sector. Now, we are seeing the results. This investment from Westinghouse and its partners shows a commitment not only to America’s future, but to Western Pennsylvania and to the new jobs that will be created here. This partnership further solidifies Pennsylvania as a dominant energy producer not just in the United States, but around the world.”
— U.S. Representative Mike Kelly (PA)
“The nuclear resurgence will come in all shapes and sizes, but it can't happen without a firm foundation of gigawatt scale Generation III+ reactors. This strategic partnership will help propel the entire U.S. nuclear enterprise forward and create lasting value for America and the world.”
— Craig Piercy, CEO, American Nuclear Society
“Building more nuclear reactors here at home is how we secure America’s energy future—and unleash American energy dominance. This partnership between the U.S. and Westinghouse Electric Company demonstrates what’s possible when we invest in advanced, American-made energy to power our factories, our communities and our economy.”
— Jay Timmons, President and CEO, National Association of Manufacturers
“This is an exciting announcement for the entire U.S. commercial nuclear industry. The strategic partnership with the U.S. government is a new model for our industry and will create opportunities not only for Westinghouse, Cameco and Brookfield but the entire nuclear supply chain. With demand for reliable, clean energy growing exponentially around the world, federal support will accelerate the deployment of next generation nuclear at home and abroad. This kind of vision will allow us to meet demand and facilitate a new era of nuclear technology.”
— Maria Korsnick, President and CEO, Nuclear Energy Institute
“This historic partnership marks a new era in America’s nuclear leadership. The deployment of Westinghouse’s proven AP1000 technology will show that U.S. innovation can deliver reliable, carbon-free energy efficiently—at a moment when America and the world need it most.”
— Todd Abrajano, President and CEO, U.S. Nuclear Industry Council
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.