US$80 Billion 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.
- Westinghouse Electric Co. is a key partner in the deal.
- Brookfield Asset Management and Canadian uranium producer Cameco Corp. are also involved.
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 is expected to create tens of thousands of jobs, according to a statement by the companies.
Author's summary: A historic $80 billion deal for nuclear reactors.
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