US Government and Westinghouse Agree on $80 Billion Deal for Construction of New Reactors

The deal was made in accordance with Trump’s May 23 executive orders to boost the U.S. nuclear energy industry.

The Vogtle Unit 3 and 4 site, being constructed by primary contactor Westinghouse, a business unit of Toshiba, near Waynesboro, Ga., in an aerial photo taken in February 2017. Georgia Power/Handout via Reuters

The U.S. government has reached an $80 billion agreement with Westinghouse Electric Company to construct nuclear reactors nationwide, part of the Trump administration’s latest drive for energy dominance.

Westinghouse, owned by Brookfield Asset Management and the Cameco Corporation, said in a statement on Oct. 28 that its partnership with the government will reinvigorate the United States’ nuclear industrial base and underpin the powering of the country’s growth in artificial intelligence (AI).