Trump Administration Announces $17.5 Billion in Loans for 10 New Nuclear Reactors
Core Summary The Trump administration announced on June 23 a loan package totaling $17.5 billion to support the construction of ten large nuclear reactors across the United States. This represents the largest direct federal financial support for the nuclear energy sector in recent years, marking a major strategic shift in US energy policy toward nuclear power. Event Details The Department of Energy officially unveiled the details of the loan program. The funds will be distributed through the DOE’s Loan Programs Office to support multiple energy companies in building next-generation large light-water reactors at various sites across the country. The projects receiving loan support are spread across multiple states, covering the full industrial chain from reactor design and equipment procurement to construction. ...