US regulator approves $1.9 billion loan to spin up Iowa's dead nuclear reactor for Google

The Trump administration has closed a $1.9 billion loan to restart the Duane Arnold Nuclear Plant in Iowa. This funding aims to bolster the United States nuclear energy industry and secure essential baseload power. The move specifically supports Google, bringing the company closer to accessing nuclear power for its AI data centers. This project represents the third nuclear power plant the administration has committed to funding as part of its broader energy strategy for the nation.