Cameco and Brookfield Involved in $80 Billion U.S. Nuclear Reactor Deal
A recent 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 demand for electricity, particularly from artificial intelligence.
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.
- The deal involves Westinghouse Electric Co., Cameco Corp., and Brookfield Asset Management.
- The partnership is expected to create tens of thousands of jobs, according to the companies.
Author's summary: Cameco and Brookfield partner in an $80 billion nuclear reactor deal.
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