$BAM (BROOKFIELD ASSET MANAGEMENT) — 8-K: U.S.-Korea framework commits up to $120 billion for eight new U.S. nuclear reactors

The agreement funds construction of eight large nuclear reactors on U.S. federal sites: six Westinghouse AP1000 reactors across three two-unit plants, plus two Korean APR1400 reactors incorporating Westinghouse technology. Korea will make a cornerstone equity investment of between 5% and 10% in Westinghouse, which also receives an upfront payment, guaranteed scope of work, and a fuel-fabrication services contract. The framework builds on the October 2025 partnership between the Department of Commerce, Westinghouse, Brookfield and Cameco to fund at least $80 billion of Westinghouse reactors, and is separate from the Department of Energy's June 2026 partnership including a $17.5 billion conditional loan arrangement.

The agreement funds construction of eight large nuclear reactors on U.S. federal sites: six Westinghouse AP1000 reactors across three two-unit plants, plus two Korean APR1400 reactors incorporating We