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 deal aims to support the growing demand for electricity from artificial intelligence.
- The partnership involves Westinghouse Electric Co., Brookfield Asset Management, and Canadian uranium producer Cameco Corp.
The strategic partnership 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.
The companies stated that the deal will create tens of thousands of jobs.
Author's summary: Cameco and Brookfield partner in $80 billion nuclear deal.
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