Cameco and Brookfield Involved in $80 Billion U.S. Nuclear Reactor Deal
A deal worth $80 billion has been agreed upon by the government with Westinghouse Electric, Cameco, and Brookfield to build nuclear reactors.
Power consumption from data centers is expected to double by 2035, driving the need for increased electricity production.
- The strategic partnership involves Westinghouse Electric Co., Brookfield Asset Management, and Canadian uranium producer Cameco Corp.
- The goal is to support United States President Donald Trump’s artificial intelligence ambitions and scale up the industry.
- The project is expected to create tens of thousands of jobs, according to a statement by the companies.
The deal aims to meet rising demand for electricity, particularly from artificial intelligence applications.
The partnership seeks to deliver on President Trump’s AI ambitions and compete with China.
Author's summary: Cameco and Brookfield are part of an $80 billion deal to build nuclear reactors in the U.S.
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