Trump administration announces $17.5B in loans to support 10 nuclear plants

The Trump administration is providing $17.5 billion in loans to accelerate the development of 10 new large nuclear reactors. Announced by the Energy Department on Tuesday, these funds aim to meet the skyrocketing power demand from massive data centers. Energy Secretary Chris Wright detailed the initiative, which includes up to five conditional loans, each supporting two reactors. Every project receiving this financing will be jointly owned, ensuring the rapid expansion of large-scale nuclear power plants across the country.