Westinghouse, Brookfield, and Cameco collaborate on $80 billion U.S. nuclear buildout plan

The federal government will assist in sorting out the financing, speed permitting, and regulatory approvals. Additionally, it will support the construction of new reactors using Westinghouse technology. The Trump administration approves the construction of nuclear reactors Much has been made of the Trump administration’s decision to suspend wind energy initiatives because the president dislikes them. However, there has not been much of a spotlight on the priority that the president and his team have placed on nuclear energy initiatives. This particular partnership came about as a result of actions from President Trump’s administration, which is determined to expand advanced nuclear energy. The highest level of resources will be dedicated to making this objective a reality. For instance, Westinghouse’s AP1000 pressurized water reactor design will facilitate the initial projects. Various outlets speculate that the buildout could create more than 100,000 construction jobs in the U.S. Each two-unit Westinghouse AP1000 project is projected to create approximately 45,000 jobs in engineering and manufacturing. In terms of where the initiative is set to progress from here, when the government finalizes investment decisions and completes the construction contracts, it will receive an equity stake. This means it will now be eligible to gain 20% of cash distributions by Westinghouse above a certain limit.