Cameco backs US-Korea framework for up to eight Westinghouse reactor builds in US
Bitget2026/09/30 23:36- Cameco acknowledged a US–South Korea framework to deploy Westinghouse reactor technology in the US, tied to its October 2025 partnership.
- Framework anticipates Korea investment of USD 120 billion to finance up to eight large reactors, starting with two AP1000 units.
- Plan includes up to two APR1400 reactors built on Westinghouse technology, contingent on a one-time waiver under a 2025 IP settlement.
- Waiver package expected to deliver about USD 2 billion of value per APR1400 reactor to Westinghouse via licensing, services, fuel fabrication.
- Terms are non-binding, subject to definitive agreements, site selection, regulatory approvals, financing, and final partnership documentation.
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