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 the rising demand for electricity, particularly from artificial intelligence and data centers, which are expected to double power consumption by 2035.
The strategic partnership involves Brookfield Asset Management and Canadian uranium producer Cameco Corp., and aims to support United States President Donald Trump's AI ambitions, creating tens of thousands of jobs.
The deal is the latest push to meet rising demand for electricity from artificial intelligence and to compete with China.
- Partners: Westinghouse Electric, Cameco, Brookfield Asset Management
- Deal value: $80 billion
- Expected outcome: Creation of tens of thousands of jobs
Author's summary: Cameco and Brookfield partner in $80 billion US nuclear reactor deal.
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