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.
Background
Power consumption from data centers is expected to double by 2035, driving the need for increased electricity production.
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.
Partnership Details
The partnership involves Westinghouse Electric Co., Brookfield Asset Management, and Canadian uranium producer Cameco Corp.
- Creation of tens of thousands of jobs
- Meets rising demand for electricity from artificial intelligence
Author's summary: Cameco and Brookfield partner in $80 billion nuclear deal.
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