Westinghouse Electric confidentially filed for an initial public offering in the United States.
Brookfield Renewable Partners holds a 51% majority stake in the nuclear technology firm. Uranium producer Cameco owns the remaining 49% interest. The consortium finalized its acquisition of the company in late 2023.
Artificial intelligence data centers are driving a resurgence in nuclear power demand. Global shifts toward carbon-free electricity provide additional momentum for the offering.
Westinghouse has not yet disclosed the share volume or potential price range. Market conditions will determine the final timing of the IPO.