Cameco and Brookfield Involved in $80 Billion U.S. Nuclear Reactor Deal
The government has agreed on an $80 billion deal with Westinghouse Electric, Cameco, and Brookfield to build nuclear reactors.
Power consumption from data centers is set to double by 2035, driving the demand for electricity from artificial intelligence.
- The strategic partnership involves 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 partner in $80 billion nuclear reactor deal.
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