Loan & DebtJun 23, 2026, 05:12 PM
DOE conditionally commits $17.5B loan for Brookfield's Westinghouse
AI Summary
Brookfield Asset Management announced that the U.S. Department of Energy (DOE) has conditionally committed $17.5 billion in loan facilities to support the deployment of Westinghouse AP1000 nuclear reactors in the United States. Westinghouse, jointly owned by Brookfield (51%) and Cameco Corporation (49%), will use this financing to accelerate the construction of up to 10 reactors. This conditional commitment aims to enhance the domestic nuclear supply chain and accelerate project timelines by up to three years, with the goal of having 10 reactors under construction by 2030.
Key Highlights
- U.S. DOE conditionally committed $17.5 billion in loan facilities.
- Financing supports deployment of Westinghouse AP1000 nuclear reactors.
- Brookfield owns 51% of Westinghouse, Cameco Corporation owns 49%.
- Loans intend to finance long-lead equipment for up to 10 reactors.
- Aims to accelerate construction and commercial operations by up to three years.
- Goal is to have 10 reactors under construction by 2030.
- DOE may make up to five loans, each supporting two reactors.
Price Impact
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