The US government and Westinghouse have struck an $80bn (€68bn) deal to build a fleet of new nuclear reactors across America, as Washington tries to quadruple its nuclear capacity by 2050.
Brookfield Asset Management, owner of Westinghouse, said on Tuesday (28 October) that it had formed a partnership with Cameco, the Canada-based uranium fuel company, and the US government to build the facilities.
Brookfield said in a statement that the partnership will accelerate nuclear power and artificial intelligence deployment in the US and is in accordance with president Donald Trump’s May 2025 executive orders that included calls for new reactor projects to be fast-tracked.
Trump directed the US nuclear industry to build both large and small nuclear power reactors to reach a target of 400GW of capacity by 2050, up from about 96GW today.
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