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The U.S. Department of Energy Announces Conditional $17.5 billion Financing to Support Westinghouse Nuclear Reactor Deployment

  • The U.S. Department of Energy's Office of Energy Dominance Financing has conditionally committed $17.5 billion in loan facilities to support investment in U.S. nuclear reactors.
  • The American Supply Chain Loans are intended to finance long-lead equipment for constructing up to 10 Westinghouse Electric Company AP1000 nuclear reactors in the United States.
  • Westinghouse is jointly owned by Brookfield Asset Management & its institutional partners (51%) & Cameco Corporation (49%).
  • CEO Connor Teskey stated the loans align with President Trump's Executive Order & aim to enhance domestic nuclear supply chain certainty.
  • The financing package aims to accelerate construction & commercial operations by up to three years, targeting 10 reactors under construction by 2030.
  • The DOE plans to issue up to five loans, with each loan supporting two reactors.
  • Final funding depends on Westinghouse & its partners satisfying technical, legal, environmental, & financial conditions before definitive documents are signed.
  • Brookfield Asset Management is a global alternative asset manager with over $1 trillion in assets under management across infrastructure, energy, private equity, real estate, & credit.