DoE Announces Conditional $17.5B Financing to Support Westinghouse Nuclear Reactor Deployment
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The U.S. Department of Energy Announces Conditional $17.5 billion Financing to Support Westinghouse Nuclear Reactor Deployment
June 23, 2026 10:22 AM EDTBROOKFIELD, News, June 23, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM) (Brookfield) is pleased to share that the U.S. Department of Energys (DOE) Office of Energy Dominance Financing (EDF) has conditionally committed funding for $17.5 billion in loan facilities (the American Supply Chain Loans or the Loans) to support investment in U.S. nuclear reactors. The Loans intend to finance the long-lead equipment necessary to construct up to 10 Westinghouse Electric Company (Westinghouse) AP1000 nuclear reactors in the United States. Westinghouse is a leading global nuclear services business jointly owned by Brookfield and its institutional partners (51%) and Cameco... More
