U.S. – Korea Framework Advances Deployment of Westinghouse Nuclear Technology in the United States
Globe Newswire•30/09/2026•19:40 ET
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Key Highlights
- ➤Korean investment up to $120 billion supports eight new U.S. nuclear reactors
- ➤Six Westinghouse AP1000 reactors planned across three U.S. federal-site plants
- ➤Westinghouse receives upfront payment, guaranteed reactor scope, and fuel-fabrication contract
- ➤Korea to make a 5%-10% cornerstone equity investment in Westinghouse
- ➤Transaction terms are non-binding and subject to final negotiations
Expert Statements
Connor Teskey, CEO of Brookfield Asset Management
“Today’s announcement underscores why the U.S. is one of the most attractive markets in the world to build new nuclear generation. Bringing together the capabilities of the U.S. and Korea, with Westinghouse’s leading nuclear technology, will mobilize significant capital and accelerate deployment at scale. Brookfield has a long history of investing in the critical infrastructure that underpins the U.S. economy, and we look forward to working with our partners to support the expansion of America’s nuclear industry.”
Dan Sumner, President and Chief Executive Officer of Westinghouse
“Today’s announcement marks a defining moment for the future of U.S. nuclear energy and for the longstanding partnership between the United States and the Republic of Korea. The announcement also underscores the strategic importance of Westinghouse in the deployment of nuclear energy – we bring deep engineering expertise, a proven record of nuclear innovation and unmatched experience delivering advanced reactor technology in the U.S. and around the world.”
Framework commits up to $120 billion of Korean investment to support construction of new nuclear reactors in the United States
Builds on strategic partnership between the U.S. Government, Brookfield and Cameco to accelerate the deployment of Westinghouse nuclear technology
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