Cameco and Brookfield Involved in $80 Billion U.S. Nuclear Reactor Deal
A deal worth $80 billion has been agreed upon between the government and 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 scale up the industry.
- The project aims to deliver on United States President Donald Trump’s AI ambitions and compete with China.
The companies said in a statement that the project will create tens of thousands of jobs.
Author's summary: Cameco and Brookfield join $80 billion nuclear deal.
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