A consortium consisting of Brookfield Renewable and Cameco, one of the largest global providers of uranium fuel, have agreed to acquire Westinghouse Electric Company from Brookfield Business Partners.
This transaction brings Westinghouse’s clean power technologies under Brookfield Renewable’s hydroelectric, wind, solar, energy storage and distributed generation portfolio, and alongside Cameco’s expertise in front-end uranium fuel capabilities. The deal will strengthen Westinghouse’s presence in nuclear technology globally and provide a long-term path for the company’s strategic growth to the benefit of customers.
“This is the start of an exciting new chapter for the Westinghouse team and for nuclear power," said Patrick Fragman, president and CEO of Westinghouse. “We are grateful to BBU for its stewardship and investments that have strengthened Westinghouse’s position in the nuclear power industry, and more broadly in the clean power world, for the lo