The newly formed company has been selected as the project manager for the V.C. Summer nuclear power project
South CarolinaColumbia, New YorkMay 4, 2026 /PRNewswire/ — Brookfield, a global leading investment firm, and The Nuclear Company (“TNC”), a nuclear project development and delivery company, today announced a partnership to form a new company focused on developing Westinghouse nuclear reactor technology. The goal of this partnership is to establish a world-leading nuclear project execution company.
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Brookfield’s global asset management and energy infrastructure development capabilities, combined with TNC’s nuclear project delivery expertise, will form the foundation of this specialized project development company. The business will provide execution capabilities for deploying nuclear projects based solely on Westinghouse reactor technology, including AP1000 and AP300, as well as end-to-end project management, licensing support, and oversight of engineering, procurement, construction, and commissioning activities. The parties expect to finalize definitive documents in the coming months, subject to customary approvals and conditions.
As part of an effort to potentially develop two partially constructed AP1000 units near Jenkinsville, South Carolina, Brookfield has selected the new company as the project manager for the nuclear project in Fairfield County, South Carolina, officially named V.C. Summer Nuclear Units 2 and 3 (“the Project”). This project is one of the most executable nuclear development opportunities in the United States. Santee Cooper, South Carolina’s state-owned utility, supports the company’s role in this project.
The new company will support the project’s due diligence activities and oversee delivery as it progresses toward a final investment decision. Project development remains subject to further evaluation, regulatory approvals, and the execution of final agreements.
Wyatt Hartley, Managing Partner at Brookfield, stated: “This joint venture reflects Brookfield’s disciplined approach to large-scale infrastructure investments, with a focus on partnering with experienced operators. By combining our global infrastructure development capabilities with nuclear project delivery expertise, we believe this platform is poised to accelerate the U.S. nuclear renaissance, leveraging Westinghouse’s momentum with the U.S. government.”
Joe Klecha, Chief Nuclear Officer at The Nuclear Company, said: “Our team is built on the Vogtle site and some of the world’s most complex energy projects. We know what it takes to deliver nuclear energy. What we lacked was a model that brings together people, capabilities, and capital to achieve this quickly and at scale. That’s exactly what this partnership creates.”
About Brookfield
Brookfield is a global leading investment firm managing over $1 trillion in assets, owning and operating real assets and critical service businesses that form the backbone of the global economy. On behalf of global institutions and individuals, we invest in infrastructure, renewable energy and transition, private equity, real estate, and credit—sectors essential for supporting economic growth and productivity.
With a storied history spanning over a century and operations in more than 30 countries, we deploy long-term, patient capital to build foundational assets and businesses that power a more connected, resilient, and sustainable future, seeking to generate long-term wealth for clients while delivering strong risk-adjusted returns for shareholders. Brookfield Corporation (ticker: BN) and Brookfield Asset Management (ticker: BAM), a global leading alternative asset manager headquartered in New York, are both listed on the New York Stock Exchange and the Toronto Stock Exchange.
For more information, please visit our website at www.brookfield.com.
About The Nuclear Company
The Nuclear Company pioneers the modernization of nuclear construction through its one-time build approach, backed by its proprietary Nuclear Operating System (NOS), an AI-driven platform that transforms reactor construction across all technologies into a data-driven, predictable process. Founded by nuclear and energy infrastructure veterans, including the team that brought Vogtle Units 3 and 4 online, TNC deploys nuclear power and services existing facilities to ensure long-term U.S. energy security.
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