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.
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 deal aims to deliver on United States President Donald Trump’s AI ambitions and scale up an industry vital to competing with China.
- The project is expected to create tens of thousands of jobs, according to a statement by the companies.
The deal is the latest push to meet rising demand for electricity from artificial intelligence.
Author's summary: Cameco and Brookfield are part of an $80 billion nuclear reactor deal.
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