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 electricity production.
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., Brookfield Asset Management, and Canadian uranium producer Cameco Corp.
- The project is expected to create tens of thousands of jobs, according to the companies.
Author's summary: A new $80 billion deal to build nuclear reactors in the US.
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