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 from artificial intelligence.
Power consumption from data centers is set 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 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 are part of an $80 billion deal to build nuclear reactors in the U.S.
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