United States Government, Brookfield and Cameco Announce Transformational Partnership to Deliver Long-term Value Using Westinghouse Nuclear Reactor Technology

Executive Summary

• The U.S. Government entered a strategic partnership with Westinghouse Electric Company, Cameco Corp., and Brookfield Asset Management to construct at least $80 billion of new Westinghouse AP1000 nuclear reactors across the United States.
• The program is positioned as a cornerstone for U.S. energy security, job creation (over 100,000 construction jobs), and acceleration of artificial‑intelligence infrastructure through reliable power supply.
• Profit‑sharing mechanisms are embedded in the partnership, allowing all parties—including the American public—to participate financially once defined performance thresholds are met.

Key Details

• Partnership Participants: Westinghouse Electric Company (nuclear technology provider), Cameco Corp. (uranium fuel supplier), Brookfield Asset Management (financial partner), and the United States Government (Department of Commerce & Department of Energy).
• Scope of Construction: Minimum $80 billion in new nuclear reactors using Westinghouse AP1000 technology; each two‑unit project supports ~45,000 manufacturing/engineering jobs, with total national deployment projected to create >100,000 construction jobs.
• Technology Highlight: AP1000 reactor – advanced passive safety systems, modular design, smallest footprint per MWe on the market; 6 operational units worldwide, 14 under construction, 5 under contract.
• Economic Impact: Anticipated boost to U.S. industrial base, export potential for Westinghouse technology, and a significant increase in domestic high‑paying jobs.
• AI Integration: Reactors will supply reliable power for data centers and compute capacity critical to U.S. AI development; partnership framed as linking nuclear energy with AI growth.
• Profit‑Sharing Mechanism: Structured to distribute long‑term financial value among partners and the American public once specific project milestones/thresholds are achieved.
• Quotes (selected):
• Howard Lutnick, Secretary, U.S. Dept. of Commerce – emphasized national security, energy sovereignty, and job creation.
• Chris Wright, Secretary, U.S. Dept. of Energy – highlighted alignment with President Trump’s vision for a nuclear renaissance and AI leadership.
• Connor Teskey, President, Brookfield Asset Management – noted Brookfield’s intent to double its critical‑infrastructure investment over the next decade.
• Tim Gitzel, CEO, Cameco – stressed Cameco’s role as a secure uranium supplier supporting civilian reactor deployment.

Notable Quotes

• “This historic partnership supports our national security objectives and enhances our critical infrastructure.” – Howard Lutnick
• “We will unleash President Trump’s grand vision to fully energize America and win the global AI race.” – Chris Wright
• “Brookfield expects to double its investment in critical infrastructure over the next decade as we deliver on building the backbone of artificial intelligence.” – Connor Teskey
• “Cameco is a secure and reliable western‑based supplier of the uranium fuel needed to support civilian deployment of Westinghouse’s technology.” – Tim Gitzel