Cameco and Brookfield Involved in $80 Billion U.S. Nuclear Reactor Deal
The government has agreed to an $80 billion deal with Westinghouse Electric, Cameco, and Brookfield to build nuclear reactors.
Power consumption from data centers is expected to double by 2035, driving the demand for electricity.
- The strategic partnership involves Westinghouse Electric Co., Brookfield Asset Management, and Canadian uranium producer Cameco Corp.
- The goal is to meet rising demand for electricity from artificial intelligence and support the United States' competitiveness with China.
- The project is expected to create tens of thousands of jobs, according to the companies.
The deal aims to deliver on United States President Donald Trump’s AI ambitions and scale up an industry he sees as vital to competing with China.
Author's summary: Cameco and Brookfield partner in an $80 billion nuclear reactor deal.
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