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, aiming to meet the rising demand for electricity, particularly from artificial intelligence and data centers, which are expected to double their power consumption by 2035.
This strategic partnership involves prominent companies, including Brookfield Asset Management and Canadian uranium producer Cameco Corp., and is part of the efforts to fulfill United States President Donald Trump’s ambitions for the AI industry, seen as crucial for competing with China.
The deal will create tens of thousands of jobs, according to a statement by the companies.
The project is the latest push in the U.S. to address the increasing need for electricity, driven in part by the growth of data centers and artificial intelligence.
Author's summary: Cameco and Brookfield partner in an $80 billion nuclear reactor deal.
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