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, aiming to meet rising electricity demand from artificial intelligence.
Power consumption from data centers is expected to double by 2035, driving the need for increased energy production.
- The strategic partnership involves Westinghouse Electric Co., Brookfield Asset Management, and Canadian uranium producer Cameco Corp.
- The deal aims to support United States President Donald Trump's AI ambitions and scale up the industry to compete with China.
- The project is expected to create tens of thousands of jobs, according to a statement by the companies.
The deal is part of the effort to meet rising demand for electricity from artificial intelligence and to compete with China.
Author's summary: Cameco and Brookfield partner in $80 billion nuclear reactor deal.
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