Trump administration announces $17.5 billion in loans for 10 new nuclear reactors to power data centers
By
Jennifer McDermott, Matthew Daly
Summary
The Trump administration announced $17.5 billion in loans to accelerate the development of 10 new large nuclear reactors, aimed at meeting surging electricity demand from massive data centers (hyperscalers). Energy Secretary Chris Wright cited strong interest from data center developers, utilities, and energy companies. Seven utilities and energy companies signed letters of intent identifying potential sites, with plans to select five sites each hosting two reactors. Construction could begin by 2030, with operations starting in the mid-2030s. The financing will be used to purchase long-lead-time nuclear components.
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bskyTrump administration announces $17.5 billion in loans for 10 new nuclear reactors to power data centersapnews.comKey quotes
· 3 pulledThis is the start.
We're going to...
tremendous interest
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