Globenewswireยท2025-10-28 09:13Core Insights - The U.S. Government has formed a strategic partnership with Westinghouse Electric Company, Cameco Corporation, and Brookfield Asset Management to construct at least $80 billion worth of new nuclear reactors, aimed at accelerating nuclear power and artificial intelligence deployment in the U.S. [1][2][3] Industry Overview - The partnership is expected to reinvigorate the nuclear power industrial base in the U.S., making nuclear energy a central pillar of the country's strategy to maintain global leadership in nuclear power development and AI [2][4] - The construction of new reactors will create or sustain approximately 45,000 manufacturing and engineering jobs per two-unit Westinghouse AP1000 project, with a national deployment projected to generate over 100,000 construction jobs [4] Company Contributions - Westinghouse is recognized as a global leader in nuclear energy, with its technology serving as the foundation for more than half of the world's operating nuclear power fleet [7][11] - The AP1000 reactor, developed by Westinghouse, is noted for its advanced safety systems and modular construction design, with six reactors currently operational and additional units under construction [8] Strategic Goals - The partnership aims to enhance U.S. energy sovereignty, create high-paying jobs, and position the country at the forefront of a nuclear renaissance [3][4] - Brookfield Asset Management plans to double its investment in critical infrastructure over the next decade, supporting the growth of AI and meeting increasing electricity demand [3][4] Financial Mechanisms - The partnership includes profit-sharing mechanisms that allow all parties, including the American public, to benefit from the long-term financial and strategic value generated by the growth of nuclear energy and AI capabilities [6]