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Trump administration loaning $17.5 billion to build 10 large nuclear reactors

Washington Examiner · back to the audit

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.

This was a key goal laid out by President Donald Trump last year in his plan to quadruple domestic nuclear capacity by midcentury to support surging energy demand brought on by increased manufacturing and data centers running artificial intelligence.

On Tuesday, the Department of Energy announced it was issuing the conditional loan commitments to finance five eligible projects for the procurement of long-lead-time items needed to build large nuclear power plants.