US Seals £62bn Nuclear Deal to Fast-Track Reactor Build

  • The deal supports the rapid construction of AP1000 and AP300 nuclear reactors.
  • The programme aims to boost clean energy supply and strengthen AI-related power demand.

The United States has launched an ambitious programme to accelerate advanced nuclear expansion through a landmark £62 billion agreement with Westinghouse Electric’s Canadian owners. The initiative aims to accelerate the construction of next-generation reactors, positioning nuclear power at the centre of America’s clean energy strategy. The advanced atomic expansion plan also supports the country’s growing artificial intelligence infrastructure, which demands reliable and resilient electricity.

Cameco and Brookfield Asset Management confirmed the deal, and they expect it to transform the pace of nuclear deployment across the country. Cameco supplies uranium and fuel services, while Brookfield contributes investment expertise. Together, they intend to scale up atomic construction. Consequently, the partnership aligns with President Donald Trump’s May 23, 2025, executive order, which supports rapid nuclear development.

Westinghouse will supply its AP1000 pressurised water reactors, each producing 1GW of power. The company will also deliver the smaller AP300 modular reactors, which offer flexible deployment options. In addition, the US government will provide financial backing and regulatory support. It will then receive a 20% share of future profits once Brookfield and Cameco recover £14 billion in returns.

Brookfield predicts that the national rollout could create 100,000 construction jobs. This projection strengthens the government’s argument for large-scale nuclear investment. Furthermore, Westinghouse leaders express strong confidence in the plan. Interim CEO Dan Summer stated that the company is prepared to deliver atomic power at scale, both in the US and abroad.

He emphasised that the AP1000 design is fully commercialised and supported by a robust domestic supply chain. He added that advanced AI systems will streamline construction and improve project efficiency. As a result, Westinghouse plans to place equipment orders immediately after the agreement is finalised.

The company will rely on experience gained from Vogtle Units 3 and 4 in Georgia. Construction began in 2009, yet delays pushed completion into 2023 and 2024. The Fukushima disaster triggered further pauses, although the lessons now guide new planning strategies.

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