Brookfield and The Nuclear Co. (TNC), a nuclear project development and delivery company, have announced a partnership to form a new company specializing in the development of Westinghouse nuclear reactor technology. The partnership's ambition is to establish a world-leading nuclear project execution company.
Brookfield's global asset management and energy infrastructure development capabilities combined with TNC's nuclear project delivery expertise will serve as the foundation for the dedicated project development company. The business will offer execution capabilities for the deployment of nuclear projects based exclusively on Westinghouse reactor technology, including AP1000 and AP300, in addition to end-to-end project management; licensing support; and oversight of engineering, procurement, construction and commissioning activity. The parties expect to progress toward definitive documentation in the coming months, subject to customary approvals and conditions.
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