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Brookfield and The Nuclear Company Join Forces

In a significant move for the U.S. energy sector, Brookfield, a prominent global investment firm, has partnered with The Nuclear Company (TNC) to create a new enterprise focused on revolutionizing nuclear energy development. This strategic alliance aims to leverage advanced Westinghouse reactor technology to create a world-class nuclear project execution company.

Brookfield's vast expertise in asset management and energy infrastructure development, combined with TNC's track record in nuclear project delivery, lays a robust foundation for this venture. The new company will provide comprehensive execution capabilities for nuclear initiatives, centering around Westinghouse reactor technologies like the AP1000 and AP300. This partnership promises comprehensive project management, including licensing support and a meticulous oversight of engineering, procurement, construction, and commissioning activities.

Project Focus: V.C. Summer Nuclear Units 2 and 3

As part of its commitment to nuclear energy advancement, the alliance has identified the V.C. Summer nuclear project in South Carolina as a key focus area. The new entity has been appointed as the project manager for the Fairfield County nuclear endeavor, also known as V.C. Summer Nuclear Units 2 and 3. This project represents one of the most promising opportunities for nuclear development currently available in the United States.

Santee Cooper, the state-owned utility in South Carolina, supports this initiative, offering further validation of the joint venture's potential. The new company will be tasked with conducting due diligence and will oversee the project’s delivery as it approaches its Final Investment Decision.

Aiming for Nuclear Renaissance in America

Wyatt Hartley, Managing Partner at Brookfield, emphasized the group's strategic approach to infrastructure investment. He stated, "This joint venture reflects Brookfield's disciplined focus on partnering with seasoned operators. By merging our extensive infrastructure development capabilities with nuclear delivery expertise, we believe we can significantly advance the nuclear sector in the U.S."

Joe Klecha, Chief Nuclear Officer of TNC, added, "Our team’s experience spans some of the most intricate energy projects globally. We know how to achieve successful nuclear project delivery. This partnership introduces a model that unifies essential personnel, capabilities, and financial resources, facilitating speed and scale in execution."

About Brookfield

Brookfield is a leading investment firm managing over $1 trillion in assets globally. With operations covering infrastructure, renewable power, private equity, and real estate across more than 30 countries, Brookfield takes pride in its role in supporting economic growth through patient capital allocation. By investing in foundational assets that ensure a connected and sustainable future, Brookfield seeks to generate long-term wealth for its clients while offering substantial risk-adjusted returns for its shareholders.

About The Nuclear Company

The Nuclear Company is a pioneer in modernizing nuclear construction, utilizing its design-once, build-many approach backed by an advanced Nuclear Operating System (NOS). This AI-driven platform revolutionizes the construction process by making it data-driven and predictable, ensuring long-term energy security for America. Founded by veterans in the nuclear and energy sectors, TNC is committed to deploying nuclear power efficiently and maintaining existing facilities.

In summary, the partnership between Brookfield and The Nuclear Company heralds a promising future for nuclear development in the U.S., potentially accelerating the nation's nuclear renaissance while ensuring energy security and sustainability for generations to come.