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, which includes Brookfield Asset Management and Canadian uranium producer Cameco Corp., aims to support the United States' artificial intelligence ambitions.
- The deal is expected to create tens of thousands of jobs.
- The partnership is part of an effort to scale up the nuclear industry and compete with China.
The companies said in a statement that the partnership will help deliver on United States President Donald Trump’s AI ambitions.
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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