Westinghouse Electric, Cameco CCJ-N and Brookfield Asset Management BAM-T have entered a partnership with the U.S. government to build at least US$80-billion ($112-billion) worth of new nuclear reactors across the country, the companies said on Tuesday.

U.S.-listed shares of Cameco rose about 10 per cent in premarket trading.

The deal aims to accelerate nuclear power deployment and meet surging electricity demand from artificial intelligence and data centers, in line with President Donald Trump’s May executive order promoting nuclear energy, the companies said.

AtkinsRéalis eyeing U.S. market for nuclear technology push

Nuclear energy has garnered renewed interest from investors and companies, as it is considered to be a cleaner source and more reliable than wind or solar energy.

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