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Trump admin plans $4.2B loan for nuclear upgrades
The U.S. Department of Energy announced the provision of a conditional loan of up to $4.2 billion to help modernize nuclear power plants in Pennsylvania and Ohio. The funding aims to increase electricity production from nuclear facilities, particularly at the Beaver Valley plant in Pennsylvania and the Perry and Davis-Besse plants in Ohio, in order to meet the growing energy demand and achieve President Trump's goal of quadrupling nuclear output over the next 25 years. This investment contributes to extending the lifespan of the reactors and providing reliable, affordable power around the clock.
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