New Brookfield Venture May Restart Abandoned US Nuclear Project

Brookfield Asset Management has agreed to form an atomic power-plant development company with startup The Nuclear Company, which will first focus on potentially restarting an abandoned project in South Carolina.

The new company, which hasn’t been named yet, aims to build a fleet of reactors in the US, and will use designs from Westinghouse Electric Co., which is majority-owned by Brookfield Renewable Partners, Brookfield Asset said in a statement on Monday.

The initiative is expected to capitalize on the resurgence of the US nuclear industry, especially a $80 billion planby the White House to buy reactors from Westinghouse. The ...