The U.S. government is placing one of its biggest bets yet on nuclear energy. A $17.5 billion loan initiative seeks to jumpstart a new wave of reactor construction to satisfy the country’s growing appetite for reliable electricity.
The Department of Energy’s Office of Energy Dominance Financing issued conditional loan commitments through its American Nuclear Supply Chain Loans program.
The funding will help accelerate the deployment of 10 large-scale commercial reactors, shaving as much as three years off construction timelines.
Boosting Domestic Energy Production
The program specifically targets Westinghouse’s AP1000 reactor – currently the only fully designed and licensed domestic advanced reactor technology.
