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Energy — Environment — Domestic Policy

Energy Department Moves To Accelerate Nuclear Power Expansion

The funding will support five separate projects, each featuring two nuclear reactors based on Westinghouse’s AP1000 design, which can generate approximately 1.1 gigawatts of electricity per unit.

,   and  TIPP Staff
2 min read
Photo by Lukáš Lehotský / Unsplash

The Trump administration has announced a major push to expand nuclear energy production, with the U.S. Department of Energy offering $17.5 billion in loans to accelerate the construction of 10 large nuclear reactors across the country.

According to Energy Secretary Chris Wright, the financing is intended to reduce construction costs and shorten project timelines by as much as three years.

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The funding will support five separate projects, each featuring two nuclear reactors based on Westinghouse’s AP1000 design, which can generate approximately 1.1 gigawatts of electricity per unit.

The report said the loans will help cover the cost of critical components that often face long manufacturing and delivery delays. Westinghouse is expected to partner with as many as five utilities or energy companies and has already signed letters of intent with seven potential partners that have identified project sites.

According to Department of Energy officials, the funding will flow through special-purpose project entities rather than directly to Westinghouse. Project partners must contribute nearly $1 billion in equity per project before accessing the federal financing.

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