US government enters $80 billion partnership to boost nuclear power

STORY: The federal government is putting its force and money behind nuclear energy.On Tuesday, three companies - Westinghouse Electric, Cameco and Brookfield Asset Management - announced a partnership with the Trump administration to build at least $80 billion dollars worth of new nuclear reactors across the country. The plan represents one of the most ambitious investments in atomic energy in decades…underscoring President Donald Trump's "energy dominance" agenda focused on oil, gas, coal and nuclear.Artificial intelligence seems to be the driving force behind these deals… …as demand for power to operate massive cloud-computing infrastructure increases.Momentum around nuclear power has been building. Tech giants including Google, Microsoft, and Amazon have already inked deals to source power from next-generation nuclear technologies, such as fusion and small modular reactors.Tuesday’s announcement follows Trump's May executive order promoting nuclear energy and targets a 5-gigawatt increase in reactor capacity by 2030.Shares of Cameco, the world's largest publicly traded uranium company, jumped more than 20% percent on the news.

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