Cameco, Brookfield involved in $80 billion U.S. nuclear reactor deal

Cameco and Brookfield Involved in $80 Billion U.S. Nuclear Reactor Deal

A recent 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, which includes Brookfield Asset Management and Canadian uranium producer Cameco Corp., aims to support the United States' artificial intelligence ambitions and compete with China.

The deal will create tens of thousands of jobs, according to a statement released by the companies.

The partnership is part of a broader effort to meet rising demand for electricity, particularly from the growing artificial intelligence sector.

Author's summary: Cameco and Brookfield join $80 billion nuclear deal.

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Financial Post Financial Post — 2025-10-28

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