Cameco and Brookfield Involved in $80 Billion U.S. Nuclear Reactor Deal
A deal worth $80 billion has been agreed upon by the government 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 goal is to support United States President Donald Trump’s ambitions for artificial intelligence and scale up the industry.
- The project aims to create tens of thousands of jobs, according to a statement by the companies.
The deal is part of 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.
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