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Energy secretary cites $17.5B in loans to boost nuclear growth
The U.S. Department of Energy has announced $17.5 billion in conditional loans to support the development of large-scale nuclear reactors, aiming to have 10 reactors under construction by 2030. The loans, intended to accelerate reactor deployment and reduce costs, will finance five projects with partnerships involving Westinghouse and utility companies, each committing $500 million upfront. This effort aligns with the Trump administration’s goal to expand nuclear capacity and revive the country's nuclear industry.
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