Trump Nuclear
FILE - The cooling towers for units 4, left, and 3, right, are seen at Plant Vogtle, operated by Georgia Power Co., in east Georgia's Burke County near Waynesboro, Ga., on May 29, 2024.
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The Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers. The Energy Department announced the loans Tuesday. Energy Secretary Chris Wright cited “tremendous interest” among developers of data centers, called hyperscalers, who would buy the power, as well as utilities and energy companies. The department said seven utilities and energy companies signed letters of intent that identified sites. It plans to pick five, each hosting two reactors. The financing would be used to purchase nuclear components with long lead times.
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