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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

US Aims to Build $80bn Worth of New Nuclear Power Plants by Neil Gerrard

The US government has struck up a partnership with the Canadian owners of Westinghouse Electric as part of a plan to build at least $80 billion worth of new nuclear reactors. Westinghouse Electric’s owners, Canada-based Cameco, which supplies uranium and nuclear fuel services, and Brookfield Asset Management, confirmed the strategic partnership to accelerate the deployment of nuclear power in the US. he US government is expected to arrange financing and secure permits for the new nuclear plants in return for a 20% share of future profits, after Westinghouse has paid out profits of $17.5 billion to Brookfield and Cameco. A national deployment of the reactors could generate 100,000 construction job.  US aims to build $80bn worth of new nuclear power plants – Construction Briefing

Westinghouse Plans to Build 10 Large Nuclear Reactors in U.S., Interim CEO Tells Trump

Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030.  Westinghouse’s big AP1000 reactor generates enough electricity to power more than 750,000 homes, according to the company. Building 10 of these reactors would drive $75 billion of economic value across the U.S. and $6 billion in Pennsylvania. Trump issued four executive orders in May that aim to quadruple nuclear power in the U.S. by 2050. The U.S. has built only two new nuclear reactors over the past 30 years, both of which were Westinghouse AP1000s at Plant Vogtle in Waynesboro, Georgia.  Westinghouse emerged from bankruptcy in 2018 and is now owned by Canadian uranium miner Cameco and Brookfield Asset Management. Westinghouse plans to build 10 large nuclear reactors in U.S., interim CEO tells Trump

Interesting: The Three Pillars of Independence of an Organization

The 3 Pillars of Independence most commonly refers to a framework from the UK voluntary sector (specifically promoted by organizations like Bond and the Directory of Social Change). It is a toolkit for assessing and maintaining the independence of charities, NGOs, or civil society organizations.

The Three Pillars are:

  1. Independent of Party Politics – The organization (or regulator) must remain free from bias or influence by any political party or the government of the day. Decisions should be impartial, not favoring one political side.
  2. Independent of Populism – It should not be swayed by popular public opinion, media-driven campaigns, or transient public pressure, especially on controversial or unpopular causes.
  3. Independent of the Press – Freedom from media influence or pressure, ensuring decisions are based on evidence and law rather than headlines or public narratives.

This toolkit was created to monitor potential political encroachment on charitable regulation and to ensure charities can operate without undue external interference.

 

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