The financing will support the rebuilding of the nation’s nuclear supply chain and facilitate the deployment of new reactors.
The U.S. Department of Energy’s Office of Energy Dominance Financing (EDF) has issued loans to finance the purchase of long-lead time items to support the rebuilding of the U.S. commercial nuclear supply chain.
Advancing President Trump’s Executive Order to reinvigorate the nation’s industrial base, the department stated, “The $17.5 billion American Nuclear Supply Chain Loans will help finance five eligible projects sponsored by utilities and energy companies nationwide to accelerate the deployment of 10 large-scale commercial nuclear reactors across the United States by up to three years.“
Energy Secretary Chris Wright said, “These conditional loans will play an important role in reviving the supply chain needed for America to once again build large-scale commercial reactors. They 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.”
As the Lord Leads, Pray with Us…
- For discernment for Secretary Wright as he oversees Energy Department investments in the nuclear supply chain.
- For Director Greg Beard as he heads the Office of Energy Dominance Financing and facilitates the construction of nuclear reactors.
Sources: Department of Energy
