With hyperscalers set to spend roughly $800 billion on data-center capex this year alone, alongside reshoring and broader grid electrification, baseload power demand is poised to surge.
We have made the case that intermittent solar and wind are no match for the scale and reliability requirements of the modern economy, and that nuclear power is emerging as the clean, always-on power source needed to power the AI era.
The Wall Street Journal reports Tuesday morning that the Trump administration plans to supercharge the deployment of nuclear power with a $17.5 billion low-interest loan program to help utilities finance orders for Westinghouse Electric Co.’s AP1000 reactors.
The Energy Department, under Secretary Chris Wright, plans to make five loans available for two-reactor projects, with the goal of expediting equipment orders and cutting up to three years from construction timelines.
More from the report:
Seven utilities have already signed formal letters of intent for the five available project loans, according to the Energy Department, which didn’t name the utilities.
Wright said the plan to accelerate the deployment timeline of ten reactors will “unleash the next American nuclear renaissance.”
Those reactors “will also help accelerate the timeline of building those large-scale reactors by up to three years, lowering construction costs and ensuring the United States is able to deliver on President Trump’s bold and ambitious energy addition agenda,” Wright said.
The AP1000 reactors, which produce about 1,100 megawatts of power, are slated to come online in 2035 and will generate enough electricity to power a midsize city or a large data center.
Hellbound and Down 