Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors

The Trump administration announced $17.5 billion in loans to accelerate the development of 10 new large nuclear reactors, aiming to address rising electricity demand from data centers. Energy Secretary Chris Wright emphasized the use of Westinghouse’s AP1000 reactor design, which was previously used at Georgia Power Co.’s Plant Vogtle, and projected improved cost and timeline performance compared to past projects.