Trump administration offers $17.5 billion in federal loans for 10 Westinghouse AP1000 nuclear reactors
The Trump administration said it will provide $17.5 billion in federal loans to support the development of 10 new large Westinghouse AP1000 nuclear reactors, with a goal for all projects to begin construction by 2030 and enter service in the mid2030s. Officials said the effort is aimed at meeting surging electricity demand from massive data centers and relies on the same technology used at Georgia Power Co.’s Plant Vogtle, which faced delays and cost overruns. The Energy Department said the financing is intended to buy long-lead nuclear components rather than fund construction, and that seven utilities and energy companies have submitted letters of intent for potential sites. The plan would be the largest U.S. nuclear new-build push in nearly three decades.
