Trump Admin Backs Big Reactors With $18BN Supply Chain Loans For Ten AP1000s

The Trump administration has pledged $17.5 billion in supply chain loans to support the construction of ten Westinghouse AP1000 nuclear reactors, each capable of generating around 1.1 gigawatts of electricity. This initiative, backed by the Department of Energy's Office of Energy Dominance Financing, aims to boost domestic nuclear power and secure long-lead time components for these reactors. This move not only underscores a commitment to nuclear energy but also highlights the administration's push for energy independence and technological dominance in the nuclear sector.