Summary
The Trump administration announced $17.5 billion in loans to help build 10 new large nuclear reactors. These reactors aim to meet rising electricity demand from growing data centers and could start operating in the mid-2030s.
Key Facts
- The $17.5 billion loan program supports construction of 10 new nuclear reactors.
- The reactors will use Westinghouse’s AP1000 design, previously used at Plant Vogtle in Georgia.
- Construction could begin by 2030, with reactors becoming operational in the mid-2030s.
- The funding will buy nuclear parts with long lead times but is not for construction costs.
- Seven utilities have signed letters of intent; five sites will be chosen to host two reactors each.
- Nuclear power production is targeted to grow four times over the next 25 years by President Trump.
- Data centers currently use 4-5% of U.S. electricity and are expected to nearly triple their usage by 2028.
- The goal is to build reactors faster and cheaper than past projects like Plant Vogtle, which had delays and cost overruns.
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