Trump Administration Loaning $17.5 Billion to Build 10 Large Nuclear Reactors
The Trump administration plans to issue $17.5 billion in loans to support the development of 10 new large nuclear power reactors, with the hope that the reactors will be under construction by the end of the decade and operational by the mid-2030s.
TL;DR
- Trump administration plans to issue $17.5 billion in loans for nuclear power.
- Support for the development of 10 new large nuclear power reactors.
- Hope for reactors to be under construction by the end of the decade.
- Operational by the mid-2030s.
- Key goal from President Trump's plan to quadruple domestic nuclear capacity.
- Department of Energy announced conditional loan commitments.
- Financing for procurement of long-lead-time items for large nuclear power plants.