US Loans $17B
The US Energy Department is providing $17.5 billion in loans to speed the deployment of 10 big nuclear reactors across the US
S. Energy Secretary Chris Wright said the loans will lower construction costs and accelerate the deployment of the reactors by three years. The loans will support the construction of five projects that each host two big nuclear reactors. The money will help finance complex, big-ticket components that typically take a long time to procure.
1 gigawatts of electricity. Westinghouse will partner with up to five eligible utilities or energy companies on the projects. It already has signed letters of intent with seven potential partners, each with identified project sites. This is a developing story.
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