The Trump administration is launching a $17.5 billion financing program to accelerate construction of 10 new AP1000 nuclear reactors as soaring electricity demand drives renewed interest in large-scale nuclear power

The Trump administration partnered with Westinghouse, Cameco, and Brookfield on an $80B nuclear deal with $17.5B in government-backed financing for ten new

The loans will support the construction of five projects that each host two big nuclear reactors.

The new nuclear funding will specifically finance 10 large reactors developed by both utilities and energy companies.