DOE Is Dedicating $17.5 Billion in Loans to the Nuclear Supply Chain by Catherine Boudreau
The low-interest loans are aimed at supporting the Trump’s administration’s push to build 10 large nuclear plants by 2030. DOE’s Office of Energy Dominance Financing plans to provide $17.5 billion in low-interest loans to five projects so they can procure components like pressure vessels, steam generators, and main coolant pumps. All five intend to build Westinghouse AP1000s — the nation’s flagship nuclear reactor. EDF Director Gregory Beard told reporters that the office hasn’t selected the projects yet, but at least seven utilities and energy companies have formally expressed interest in the program. To further support the U.S. nuclear buildout, the Trump administration is also trying to build up a domestic supply of nuclear fuel — another major bottleneck in bringing new plants online. DOE is dedicating $17.5 billion in loans to the nuclear supply chain | Latitude Media
