The Trump administration has entered into a new $80 billion "strategic partnership" to boost nuclear power generation to support AI deployment, one of its partners announced on Tuesday, October 28. The initiative anticipates "at least $80 billion of new reactors" across the United States to "accelerate nuclear power and artificial intelligence deployment in America," said a press release from Brookfield Asset Management, which will partner with Westinghouse Electric Company and Cameco Corporation.
The press release did not specify a timeframe for the buildout. A Brookfield spokesperson said the announcement was related to Trump's May executive order to have 10 "new large reactors with complete design under construction by 2030." The US government is responsible for the capital to begin the project, the Brookfield spokesperson said.
The announcement marks Washington's most tangible investment in nuclear power since Donald Trump returned to the White House in January. Tech giants such as Google and Microsoft have also unveiled major nuclear initiatives to meet the hefty energy demand for AI.
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