Brookfield and The Nuclear Co. form joint venture to accelerate U.S. nuclear development with Westinghouse reactor technology

Brookfield and The Nuclear Co. (TNC) announced a partnership to form a new company specializing in the development of Westinghouse nuclear reactor technology, including AP1000 and AP300 reactors. The joint venture will offer end-to-end project management, licensing support, and oversight of engineering, procurement, construction, and commissioning activities for nuclear projects. Brookfield selected the new company as the project manager for the Fairfield County, South Carolina nuclear project, formally known as V.C. Summer Nuclear Units 2 and 3, one of the most execution-ready nuclear development opportunities in the U.S. Santee Cooper, South Carolina's state-owned utility, supports the company's role on the project. The new company will support due diligence and oversee delivery if the project advances to Final Investment Decision, subject to regulatory approvals and definitive agreements.

Counterparts (3)

Partner

Brookfield

company · 5 deals

Brookfield is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. They invest in long-life, high-quality assets and apply an owner-operator mindset to manage and grow the businesses they own.

supplier

Westinghouse

company · 2 deals

Westinghouse Electric Company is a nuclear power company providing advanced nuclear technology, fuel, and services. They are involved in the development of new nuclear technologies, including the AP1000 reactor and eVinci microreactor.

Offtaker

Santee Cooper

company · 1 deals

South Carolina-based public power and water utility serving approximately 2 million people with electric and water solutions since 1934.