Westinghouse Electric Co. has confidentially filed for an initial public offering in the United States, its owners confirmed on Friday.
The historic nuclear reactor vendor, jointly owned by Brookfield Asset Management and Cameco, is moving to access public capital markets as investor appetite for nuclear energy intensifies.
The filing places Westinghouse at the center of a broader repricing in the nuclear sector, driven by the urgent need for reliable, carbon-free power to support the rapid expansion of AI data centers.
Markets are increasingly viewing nuclear infrastructure not just as a legacy utility asset, but as a critical enabler of the next wave of digital infrastructure growth.
Brookfield and Cameco have held stakes in Westinghouse since its emergence from bankruptcy, positioning the company to capitalize on renewed regulatory and political support for nuclear energy in the US.
The IPO is expected to provide the capital necessary to scale production and secure long-term contracts with utilities and tech firms seeking stable baseload power.