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Westinghouse Electric, Cameco and Brookfield Asset Management have entered into a strategic partnership with the U.S. government to deploy $80 billion in new nuclear reactors, the companies announced Tuesday.

“Our administration is focused on ensuring the rapid development, deployment, and use of advanced nuclear technologies. This historic partnership supports our national security objectives and enhances our critical infrastructure,” Secretary of Commerce Howard Lutnick said in a statement,

The deal calls for Westinghouse AP1000 reactors to be utilized in a deployment that will create more than 100,000 construction jobs, the companies said. “The program will cement the United States as one of the world’s nuclear energy powerhouses and increase exports of Westinghouse’s nuclear power generation technology globally.”

According to the announcement, the partnership contains “profit sharing mechanisms” that allow all parties,  “including the American people,” to participate in the “long-term financial and strategic value that will be created within Westinghouse by the growth of nuclear energy and advancement of investment into AI capabilities in the United States.”

Brookfield has more than half a trillion dollars invested in the critical infrastructure that underpins the U.S. economy, “and we expect to double that investment in the next decade as we deliver on building the infrastructure backbone of artificial intelligence,” Brookfield President Connor Teskey said in a statement.

The U.S. is trying to rapidly bring power resources online to meet rising demand from data centers, and interest in nuclear is growing. Following a decade of stagnant growth, U.S. electricity demand will increase at a 2.5% compound annual growth rate through 2035, according to Bank of America Institute research published in July.

“For all of the energy policy disagreements in Washington, one thing is clear: nuclear energy is the baseload electrical power source of the future,” said Thomas Ryan, a managing partner in K&L Gates’ energy, infrastructure and resources practice. “Its reliability, durability and sustainability have rendered its deployment an apolitical issue.”

At a special ceremony on 28 October 2025, Conductix-Wampfler and APM Terminals signed a framework purchase agreement for rubber tire gantry crane (RTG) electrification products and terminal operations services.

The framework agreement was signed by François Bernès, Chief Executive Officer at Conductix-Wampfler and Grant Morrison, Global Head of Asset Category Management at APM Terminals. This was conducted at Conductix-Wampfler’s regional head office in Shanghai and marks the third collaboration agreement between the two companies.

Over the past 14 years, Conductix-Wampfler has supplied APM Terminals with 413 energy supply systems for eRTGs (new and retrofitted) and 116 battery systems for its operations. The deployment of eRTGs with grid power supply or battery systems is a core initiative driving port decarbonisation. eRTGs eliminate carbon emissions at the source during yard operations, while the battery systems enable either full zero-emission operations (FE-RTG) or provide an optimal balance of reduced emissions and operational flexibility (Hybrid-RTG).

François Bernès, Chief Executive Officer at Conductix-Wampfler, said, “This renewed partnership with APM Terminals provides Conductix-Wampfler with a strategic anchor and practical platform for our long-term vision. As a strategic partner, we will continue to fully support APM Terminals in achieving its energy-saving, emissions-reduction, and carbon-neutral goals, deeply engaging in the port operator’s decarbonisation journey and contributing our expertise to drive sustainable transformation in the industry.”

As a leading global terminal operator, APM Terminals is working towards achieving net-zero greenhouse gas emissions by 2040. Shifting from fossil-fuelled equipment in its ports to battery-electric container handling equipment is the main lever for reducing its scope 1 GHG emissions.  For its scope 2 emissions, the ambition is to transition to 100% renewable energy by 2030.

APM Terminals has implemented large-scale “diesel-to-electric” conversions at multiple terminals worldwide, replacing diesel-powered yard cranes with electric-powered ones to reduce emissions at the source. It also actively deploys and utilises fully electric and hybrid port handling equipment and invests in renewable energy sources such as solar power to supply electricity to its terminals.

Grant Morrison, Global Head of Asset Category Management, APM Terminals, commented, “This framework purchase agreement signifies our continued partnership with Conductix-Wampfler, which will contribute to delivering on our ambitious emissions reduction targets. We look forward to exploring more projects with Conductix-Wampfler as we work towards a more decarbonised future.”