U.S. and Canada Collaborate on Ambitious Nuclear Reactor Project

The U.S. government has announced a groundbreaking partnership with the Canadian owners of Westinghouse Electric, aiming to channel $80 billion into nuclear reactor development. This initiative represents one of the most significant moves in America's atomic energy sector in recent decades.

The U.S. aims to meet the rising energy demands of AI data centers through this partnership with Westinghouse's Canadian owners, Cameco and Brookfield Asset Management. The agreement includes arranging financing and obtaining permits for the reactors.

Notable provisions of this partnership include the U.S. securing a 20% profit share once Westinghouse's debt is settled. If the company's value surpasses $30 billion, the U.S. could potentially transform its profit into a 20% equity stake and prompt a public offering by 2029.