Brookfield, the global investment firm with more than $1 trillion in assets under management, and The Nuclear Company, 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 new entity will offer execution capabilities for deploying nuclear projects based exclusively on Westinghouse reactor technology, including the AP1000 and AP300, along with end-to-end project management, licensing support, and oversight of engineering, procurement, construction, and commissioning activity.
As an early demonstration of the partnership, Brookfield has selected the new company as the project manager for the V.C. Summer nuclear project — formally known as V.C. Summer Nuclear Units 2 and 3 — two partially constructed AP1000 units in Fairfield County, South Carolina, near Jenkinsville. Santee Cooper, South Carolina’s state-owned utility, has expressed support for the company’s role. The parties expect to progress toward definitive documentation in the coming months.
The V.C. Summer project is widely regarded as one of the most execution-ready nuclear development opportunities in America, given the existing partially completed construction that significantly reduces the early-stage development risk typically associated with new nuclear projects. The new company will support due diligence activity for the project and oversee delivery should it advance to Final Investment Decision, though development remains subject to further evaluation, regulatory approvals, and definitive agreements. The Nuclear Company was founded by veterans of nuclear power and energy infrastructure development, including the team responsible for bringing Vogtle Units 3 and 4 online — the only two new nuclear units completed in the United States in recent decades — and brings that operational experience to the partnership.
Brookfield Managing Partner Wyatt Hartley described the joint venture as consistent with the firm’s disciplined approach to large-scale infrastructure investment, pairing global infrastructure development capabilities with nuclear project delivery expertise. The Nuclear Company’s Chief Nuclear Officer Joe Klecha emphasized that the missing piece in prior nuclear development attempts was not technical capability but rather a model that brings together people, capabilities, and capital with the speed and scale the energy transition demands. The new company is specifically designed to fill that gap by combining Brookfield’s financial and development resources with The Nuclear Company’s proprietary Nuclear Operating System, an AI-driven platform for data-driven reactor construction.
The partnership arrives as the United States experiences renewed political and institutional momentum behind nuclear energy, with the federal government actively supporting Westinghouse reactor technology deployment and growing demand from data center and AI infrastructure operators seeking large-scale, firm clean power to satisfy load growth.
KEY QUOTES:
“This joint venture reflects Brookfield’s disciplined approach to large-scale infrastructure investment and focus on partnering with experienced operators. By combining our global infrastructure development capabilities with nuclear project delivery expertise, we believe this platform has the potential to accelerate the American nuclear resurgence.”
Wyatt Hartley, Managing Partner, Brookfield
“Our team was built on the field of Vogtle and on some of the most complex energy projects in the world. We know what it takes to deliver nuclear. What’s been missing is a model that brings together the people, the capabilities, and the capital to do it at speed and scale. That’s what this partnership creates.”
Joe Klecha, Chief Nuclear Officer, The Nuclear Company
