US opens $17.5 billion loan push for 10 large nuclear reactors
Why it matters: The financing aims to cut years off construction as data-center demand surges and utilities line up sites for AP1000 projects.
The Trump administration is opening $17.5 billion in federal loans to help finance 10 large nuclear reactors in the United States, part of a broader push to add power for data centers and other heavy electricity users. The Energy Department plans to back five projects, each with two Westinghouse AP1000 reactors, using the money for long-lead components rather than direct construction loans. Officials said seven utilities and energy companies have signed letters of intent identifying sites, but the department has not named the states or companies and has not set a selection timeline. The administration wants construction to begin by 2030, with reactors entering service in the mid-2030s.