A Saskatoon-based company is now part owner in Westinghouse Electric Company. Cameco is partnering with Brookfield Renewable, which is one of the largest investors in renewable power, to acquire Westinghouse for just over $7.87-billion, including about $3-billion in debt. Brookfield Renewable owns 51 per cent and Cameco 49 per cent.

President and CEO of Cameco, Tim Gitzel, describes Westinghouse Electric Company as one of the world’s largest nuclear services businesses, helping global customers looking to diversify their energy supply options, and who are looking to buy from an ethical source. One of its sectors deals with next generation technologies, like small modular reactors – something the province has been looking at as a possible clean energy option. He states, “The energy systems business of Westinghouse if poised for tremendous growth in the world where the International Energy Agency has set forth a road map that includes the doubling of nuclear power, in a global pathway to reach net zero emissions by 2050.”