Brookfield and The Nuclear Company Form New Venture to Accelerate Nuclear Energy Development in the U.S.

Brookfield and The Nuclear Company Join Forces

In an important move for the nuclear energy sector, Brookfield, a leading global investment firm, has partnered with The Nuclear Company (TNC) to establish a new company dedicated to the development and implementation of advanced nuclear reactor technologies in the U.S. This venture aims to create a world-leading project execution firm specializing in the deployment of Westinghouse reactor technology, particularly models AP1000 and AP300.

In a press release dated May 4, 2026, Brookfield and TNC outlined their ambitious objectives, which include overseeing the expansion project of the V.C. Summer Nuclear Station located in Fairfield County, South Carolina. The new entity will not only focus on project management but will also provide an array of services associated with the construction of nuclear power plants, encompassing project execution, licensing support, and oversight of design, procurement, and commissioning processes.

This collaboration is positioned as a pivotal foundation in the nuclear energy landscape, combining Brookfield's extensive asset management and energy infrastructure development expertise with TNC's deep knowledge in nuclear project execution.

Targeting the unfinished projects near Jenkinsville, South Carolina, specifically units 2 and 3 of the V.C. Summer plant, the newly formed company intends to ensure that these reactors are built efficiently and effectively. The state-owned energy company Santee Cooper has expressed support for the new company's involvement in this project, further solidifying the collaboration's local impact.

Wyatt Hartley, a managing partner at Brookfield, commented on the partnership: "This joint venture reflects Brookfield's disciplined approach towards large-scale infrastructure investments while partnering with experienced operators. By combining our global infrastructure development capabilities with expertise in nuclear project execution, we believe this platform can help accelerate the renaissance of American nuclear energy in cooperation with Westinghouse and the government."

Joe Klecha, the leader of TNC’s nuclear sector, added, "Our team, formed at the Vogtle Nuclear Plant, has a wealth of experience in executing some of the world’s most complex energy projects. There has been a gap in the operational model that integrates people, capabilities, and capital to expedite these projects at scale. This partnership is set to establish that model."

About Brookfield

Brookfield is one of the world’s largest alternative asset managers with over $1 trillion in assets under management. The firm oversees a diverse portfolio that includes real estate and businesses providing essential services foundational to the global economy. By acting on behalf of institutional and private investors around the world, Brookfield invests in infrastructure, renewables, private equity, real estate, and credit, which are key sectors for economic growth and productivity.

With a history that spans over a century and operations in more than 30 countries, Brookfield lends long-term capital to build essential assets and enterprises that foster a more interconnected, sustainable, and environmentally friendly future, aiming for long-term client wealth while delivering risk-adjusted returns to shareholders. Brookfield Corporation (ticker BN) and Brookfield Asset Management (ticker BAM) are publicly listed on the NYSE and TSX.

For more information, visit www.brookfield.com.

About The Nuclear Company

The Nuclear Company is pioneering the modernization of nuclear infrastructure development through its unique philosophy of "design once, build multiple times." Utilizing its proprietary Nuclear Operating System (NOS) platform—an AI-driven system that transforms the construction of reactors into a regulated, predictable, and data-managed process—TNC is founded by veterans of the nuclear energy sector and infrastructure energy projects, including those who executed Units 3 and 4 of the Vogtle Nuclear Plant. TNC is committed to delivering nuclear energy projects and servicing existing stations, contributing to America's long-term energy security.