The Trump administration announced on Tuesday a sweeping $17.5 billion federal loan initiative to accelerate construction of 10 large nuclear reactors across the United States, marking one of the most ambitious efforts in decades to revive the nation's nuclear energy sector amid surging electricity demand driven by artificial intelligence and data centers.
The Department of Energy said the conditional loans will help utilities and energy companies secure critical equipment and long-lead components needed for new nuclear projects, including reactor vessels and steam generators, items that often take years to manufacture and deliver.
