Santee Cooper's Board of Directors has approved a letter of intent with Brookfield Asset Management to guide final, exclusive negotiations concerning two partially built AP1000 nuclear units in Fairfield County, South Carolina. This decision follows a thorough review of proposals from global nuclear power industry leaders.
The letter of intent establishes an initial six-week project feasibility period, during which Brookfield and Santee Cooper will conduct detailed discussions. This potential project could involve leveraging nuclear power to support the energy-intensive demands of AI data centers, aligning with Brookfield's focus on large-scale energy infrastructure.
This development represents a significant step towards a major investment in nuclear energy, a sector increasingly recognized for its baseload and clean power characteristics. The project could further solidify Brookfield's position as a critical partner in the global digital transformation and energy transition.
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