The U.S. government plans to offer about $17.5 billion in low-cost loans to help utilities finance key components for a new wave of large nuclear reactors, aiming to restart large-scale nuclear construction.
The funding is intended to support early procurement of long-lead equipment, speed up project timelines and reduce financing risks for building multiple new reactors, largely based on Westinghouse AP1000 technology. The effort is part of a broader push to expand nuclear power capacity to meet rising electricity demand, even as past large reactor projects have faced major delays and cost overruns. Bloomberg has the full story.
