Westinghouse Electric Company supplies nuclear technology and services spanning new plants, operating-plant services, nuclear fuel and advanced reactors. Its principal reactor offerings include the AP1000 Generation III+ pressurized-water reactor, the AP300 330-MWe SMR based on AP1000 technology, and the eVinci microreactor. On 4 August 2026, Westinghouse and Amentum announced agreements to expand delivery capacity for AP1000 fleet deployment and to advance AP300 development and U.S. Nuclear Regulatory Commission licensing. On September 30, 2026 the US and South Korea announced a non-binding Framework for the Deployment of Nuclear Power under which Korea would invest US$120 billion to help finance the buildout of Westinghouse reactor technology in the US, covering up to eight large reactors (six AP1000s and up to two Korean APR1400 units built on Westinghouse technology) on federal sites, beginning with two AP1000s. It contemplates a one-time waiver of Westinghouse's 2025 settlement with KEPCO and KHNP, with compensation of about US$2 billion of value per APR1400 through IP licensing, engineering and procurement services, subcontracting and long-term fuel fabrication supply, and a potential Korean equity investment in Westinghouse, which Cameco does not expect to affect its ownership interest (Korean officials have spoken of a stake of 5-10%). The framework builds on the October 2025 partnership between Cameco, Brookfield and the US Department of Commerce and is separate from the DOE American Nuclear Supply Chain Loans commitment; it is subject to definitive agreements, site selection, approvals and financing.
Brookfield Asset Management, Cameco Corporation