Uncle Sam is betting $17.5 billion that we need more nuclear power
The Department of Energy just dropped a massive loan package to jumpstart a nuclear revival under the Trump administration.
Apparently, the plan to supercharge the grid is to build 10 new massive reactors. The government is dangling 17.5 billion dollars in loans to get the ball rolling, specifically targeting Westinghouse Electric Company as the lead contractor for the hardware.
The goal is to shave three years off construction timelines. It is a bold move to revive a supply chain that has been gathering dust for decades. The catch is that whoever wants to build these things needs to pony up at least 500 million bucks upfront just to qualify for the government cash.
It is a massive gamble on a technology that is notoriously slow to build, but the administration is clearly leaning into a nuclear-heavy future.
Whether these reactors actually start humming by 2030 or just become expensive concrete monuments remains the million-dollar question.
Source: UPI
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