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U.S. DOE Announces $17.5B in Loans for 10 New Nuclear Reactors
On June 23, the U.S. Department of Energy (DOE) announced $17.5 billion in conditional loans to support the construction of 10 large-scale commercial nuclear reactors, according to officials.
The funding, issued through the Office of Energy Dominance Financing, will go to five eligible projects partnering with Westinghouse Electric Co., which is co-owned by Brookfield Renewable Partners and Cameco Corp. [1]
The initiative is part of President Donald Trump's executive order to revitalize the U.S. nuclear industrial base, according to DOE officials. [8] The announcement follows a series of executive actions signed by Trump in May 2025 that directed the Nuclear Regulatory Commission to streamline oversight and accelerate reactor development, as reported by NaturalNews.com. [2]
Loan Structure and Equity Requirements
Each of the five projects will receive financing to procure long-lead items for two AP1000 reactors, for a total of 10 units, according to a DOE statement cited by Utility Dive. Westinghouse and its partners must each commit $500 million in equity per project, $1 billion total, before accessing DOE loan funds, the department said. [1]