U.S. Backs $80B Nuclear Deal with Westinghouse

The U.S. government struck an at-least $80 billion partnership with Westinghouse Electric, Brookfield Asset Management and Cameco to finance and accelerate construction of new nuclear reactors — primarily Westinghouse AP1000 designs — to meet rising electricity demand from AI and data centers. Brookfield holds 51% and Cameco 49% of Westinghouse, and the package includes government-backed financing and permitting and promises of tens of thousands of construction and manufacturing jobs. Financial terms disclosed include a revenue-share giving the U.S. 20% of cash distributions above $17.5 billion once the $80 billion threshold is met, IPO-related provisions including a potential 20% warrant if Westinghouse is valued at $30 billion by January 2029, and reports some funding could come via a trade pact with Japan. Markets reacted positively, with Cameco shares rising roughly 13–18% and Brookfield up about 2–3%. Officials framed the deal as strengthening energy sovereignty and competitiveness in AI, while industry leaders warned it will face familiar hurdles of cost, permitting and supply‑chain bottlenecks; separate Fermi America agreements with Doosan and Hyundai advance plans for four AP1000 reactors at a Texas data‑center campus.