The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) issued a conditional loan commitment to finance the purchase of long-lead time items needed to rebuild America’s commercial nuclear supply chain. The $17.5 billion American Nuclear Supply Chain Loans will help finance five eligible projects sponsored by utilities and energy companies nationwide to accelerate the deployment of 10 large-scale commercial nuclear reactors across the United States by up to three years.
The project marks a major step toward advancing President Trump’s Executive Order, Reinvigorating the Nuclear Industrial Base, by supporting the objective of having 10 new large nuclear reactors with complete designs under construction by 2030.
Read more from the Department of Energy here.
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