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 need for increased electricity 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 artificial intelligence ambitions and scale up the industry.
- The project is expected to create tens of thousands of jobs, according to a statement by the companies.
The deal is seen as vital to competing with China in the AI industry.
Author's summary: Cameco and Brookfield join $80 billion nuclear reactor deal.
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