U.S., Westinghouse Sign $80 Billion Nuclear Development Deal

The Trump administration will partner with Westinghouse and two other companies to support at least $80 billion in new nuclear reactor projects. Under the agreement with Westinghouse Electric, Cameco, and Brookfield Asset Management, the U.S. government will arrange financing and will help gain permits for the plants using Westinghouse reactors.  

Other major details of the deal have not yet been made public but the companies said the U.S. government will receive a participation interest that, once vested, will entitle it to 20% of cash distributions above the $17.5 billion made by Westinghouse. The plan was announced after Trump said in Tokyo that Japan will provide up to $332 billion to support infrastructure in the U.S., including construction of Westinghouse AP1000 reactors and small modular reactors. 

The announcement comes just three months after Westinghouse told President Trump that it planned to build 10 new large nuclear reactors in the U.S. The U.S. has constructed just two nuclear reactors in the past 30 years, which were built in 2023 and 2024.