Brookfield welcomes U.S.-Korea framework with up to $120B Korean investment for 8 new U.S. nuclear reactors

Brookfield Asset Management Ltd.

U.S.-Korea framework commits up to $120B of Korean investment to finance eight new U.S. reactors: six Westinghouse AP1000 units across three two-unit plants plus two APR1400s on federal sites.
Westinghouse receives an upfront payment, guaranteed reactor scope of work and a fuel-fabrication services contract; Korea takes a 5%-10% cornerstone equity stake in Westinghouse.
Builds on the October 2025 partnership between the Dept. of Commerce, Westinghouse and its shareholders Brookfield and Cameco targeting at least $80B of reactor deployment.
Separate from DOE's June 2026 partnership, which included $17.5B in conditional loan funding for long-lead items; framework terms are non-binding and subject to final negotiations.
CEO Connor Teskey said the announcement underscores the U.S. as an attractive market for new nuclear generation; Westinghouse CEO Dan Sumner called it a defining moment.

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