The Globe and Mail reports in its Friday edition that Brookfield is focusing its investments on energy and infrastructure to support artificial intelligence growth. A Canadian Press dispatch to The Globe reports that chief financial officer Nick Goodman said Thursday that Brookfield is "building the backbone infrastructure to support the buildout of AI." He said Brookfield is well positioned because of its significant holdings in renewable and nuclear energy, while it is also looking to soon launch a data centre and AI fund. "We have a very unique position around that, given our capability and our global reach." At the end of October Brookfield and Cameco announced a partnership with the U.S. government to build nuclear reactors in the U.S. through Westinghouse Electric, which they acquired in 2023.
The U.S. government will facilitate financing and permits for at least $80-billion (U.S.) in new Westinghouse nuclear reactors.
Through Westinghouse, Brookfield will help deliver the nuclear facilities, along with providing service and fuel rods.
The nuclear space is often fraught with cost issues, but Mr. Goodman said the company would be sure to structure any involvement in a way to provide strong downside protection.
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