Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors
The loans are meant to speed reactor parts purchases and could cut development time by up to three years, officials said.
- The Trump administration is providing up to $17.5 billion in federal financing to support 10 new large nuclear reactors using the Westinghouse AP1000 design to meet rising power demand.
- President Donald Trump set a goal of quadrupling domestic nuclear production within 25 years as data centers consumed 4% to 5% of total electricity in 2024, a share government estimates suggest could nearly triple by 2028.
- Energy Secretary Chris Wright said the Energy Department provides up to $3.5 billion per project in federal loans, while utilities and Westinghouse will contribute up to $5 billion in equity to accelerate development by up to three years.
- Wright described the reactor design as "robust and sound," aiming to outperform Plant Vogtle, which struggled with bad planning, supply chain problems, and the COVID-19 pandemic.
- Seven utilities and energy companies signed letters of intent identifying sites, though critics argue building nuclear reactors is too expensive and riskier than alternative low-carbon energy sources.
118 Articles
118 Articles
US to Finance 10 Nuclear Reactors With $17.5 Billion in Loans
The Trump administration will provide funding to help rebuild the U.S. commercial nuclear supply chain, the Department of Energy announced on June 23. To carry out President Donald Trump’s May 2025 executive order—Reinvigorating the Nuclear Industrial Base—the Department of Energy’s finance office has launched a $17.5 billion loan program. The funds will reduce construction costs, cover large equipment purchases for five utility-backed projects…
The U.S. Government is Supercharging the Nuclear Energy Resurgence With $17.5 Billion in Loans. Here's What it Means for Utility Stocks.
Key PointsThe Trump administration's goal is to have 10 new large nuclear reactors completed by 2030.This will be centered on reactor technology from Westinghouse.10 stocks we like better than Cameco › The U.S. nuclear industry just received an injection of nuclear fuel from the federal government. On Tuesday, the Department of Energy (DoE) announced it was providing loans to help finance five nuclear projects in the country. While the announcem…
Can a $17.5B federal loan for 10 nuclear plants solve America’s power crunch?
The U.S. taxpayer will help the nuclear power industry construct 10 new power plants under a proposal from the U.S. Department of Energy (DOE). A $17.5 billion loan package announced Tuesday aims to assist power companies in financing long lead times in the nuclear supply chain that have hampered reactor construction. Energy Secretary Chris Wright framed the loans as accomplishing President Donald Trump’s call for a “nuclear renaissance.” In a …
US Government Announces $17.5 Billion in Loans to Build 10 Nuclear Reactors for Data Centers
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. The Trump administration has announced plans to issue $17.5 billion in loans to speed up the construction of 10 large nuclear reactors to meet surging power demand from data centers.…
U.S. government committing $17.5 billion in loans for 10 large nuclear power plants
Utilities and energy companies could access up to $17.5 billion in conditional loans to fund large-scale commercial nuclear reactors, the U.S. Department of Energy announced Tuesday.
Trump’s Nuclear Gamble Aims to Reshape the U.S. Power Grid
With hyperscalers set to spend roughly $800 billion on data-center capex this year alone, alongside reshoring and broader grid electrification, baseload power demand is poised to surge. We have made the case that intermittent solar and wind are no match for the scale and reliability requirements of the modern economy, and that nuclear power is emerging as the clean, always-on power source needed to power the AI era. The Wall Street Journal repor…
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