U.S. and Korea Commit Up to $120 Billion for Nuclear Reactors
News related to:Brookfield Asset Management · 1 min read
NEW YORK, Sept. 30, 2026 /CourierPR/ -- The United States and Korea have entered into a strategic framework agreement that will see up to $120 billion of Korean investment committed to the construction of new nuclear reactors in the United States. This partnership, which builds on a previous agreement announced in October 2025, aims to accelerate the deployment of Westinghouse nuclear technology in the U.S.
According to the terms of the agreement, the investment will support the construction of eight large nuclear reactors, including six Westinghouse AP1000 reactors and two Korean APR1400 reactors. These reactors will be deployed on federal sites designated by the U.S. Government, leveraging the capabilities and expertise of companies from both countries. The reactors will be built across three two-unit plants on U.S. federal sites, providing a strategic opportunity to support the buildout of power and compute infrastructure required to meet growing U.S. energy demand, including from AI.
The framework agreement also includes a cornerstone equity investment of between 5% and 10% in Westinghouse by Korea. This investment is designed to further align the parties around the long-term growth and deployment of Westinghouse technology. The agreement is part of a broader strategy to significantly expand nuclear generation capacity in the U.S. to meet rapidly growing demand for reliable, secure power, from electrification, reindustrialization, and the buildout of AI and compute infrastructure.
This agreement is separate and distinct from a Department of Energy strategic partnership announced in June 2026, which includes a $17.5 billion conditional loan funding arrangement to support the purchase of long-lead items. Collectively, these frameworks underpin the U.S. commitment to significantly expanding nuclear generation capacity.
The terms of the transaction are non-binding and are subject to final negotiations. The agreement is subject to the provisions of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” within other relevant securities legislation.