Brookfield Corporation and The Nuclear Company announced a joint‑venture to develop nuclear projects in the United States, leveraging Westinghouse’s AP1000 and AP300 reactor technology. The partnership will focus on the V.C. Summer Units 2 and 3 project in South Carolina, where two partially constructed AP1000 units are poised for completion.
Brookfield owns 51% of Westinghouse, giving the joint‑venture a direct link to the company’s proven reactor designs. By combining Brookfield’s infrastructure financing expertise with The Nuclear Company’s project delivery experience, the venture aims to accelerate the deployment of advanced nuclear plants in a market that is increasingly supportive of low‑carbon power.
Wyatt Hartley, Managing Partner at Brookfield, said the joint‑venture "reflects Brookfield's disciplined approach to large‑scale infrastructure investment and focus on partnering with experienced operators." He added that the platform "has the potential to accelerate the American nuclear resurgence, building on the momentum of the Westinghouse partnership with the U.S. Government."
Joe Klecha, Chief Nuclear Officer of The Nuclear Company, noted that "our team was built on the field of Vogtle and on some of the most complex energy projects in the world. We know what it takes to deliver nuclear. What's been missing is a model that brings together the people, the capabilities, and the capital to do it at speed and scale. That's what this partnership creates."
The joint‑venture positions Brookfield to capture a share of the U.S. nuclear market, diversifying its renewable and infrastructure portfolio. It also addresses long‑standing challenges in the industry—high capital costs, regulatory hurdles, and public perception—by standardizing processes and integrating advanced AI tools from The Nuclear Company’s Nuclear Operating System platform.
U.S. policy support, including the Bipartisan Infrastructure Law and the Inflation Reduction Act, provides a favorable backdrop for nuclear development. The partnership aligns with government incentives and the potential $80 billion collaboration among Westinghouse, Brookfield, and Cameco, underscoring the strategic importance of this venture for the U.S. clean‑energy transition.
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