Trump Energy Department To Provide $17.5B for Large-Scale Nuclear Power Projects as Demand Skyrockets
The loans, provided by the agency's Office of Energy Dominance Financing—the Trump administration's renamed Energy Department loan program—will back the construction of reactors manufactured by the American nuclear power firm Westinghouse. According to the Energy Department, seven utility companies have entered into letters of intent with Westinghouse, but the agency will select just five that will ultimately receive funding to construct two reactors each. "We want to get things moving again," Energy Secretary Chris Wright told reporters.
- ▪The loans, provided by the agency's Office of Energy Dominance Financing—the Trump administration's renamed Energy Department loan program—will back the construction of reactors manufactured by the American nuclear power firm Westinghouse.
- ▪According to the Energy Department, seven utility companies have entered into letters of intent with Westinghouse, but the agency will select just five that will ultimately receive funding to construct two reactors each.
- ▪"We want to get things moving again," Energy Secretary Chris Wright told reporters.
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Energy Trump Energy Department To Provide $17.5B for Large-Scale Nuclear Power Projects as Demand Skyrockets Federal loans would support 10 new nuclear reactors nationwide—the United States has constructed just 2 reactors this century Exelon's nuclear power generating station in Illinois (Scott Olson/Getty Images) Thomas Catenacci June 23, 2026 image/svg+xml .st0{fill:none;stroke:#384f61;stroke-width:2;stroke-linecap:round;stroke-linejoin:round;stroke-miterlimit:10;} .st1{fill:none;stroke:#384f61;stroke-width:2;stroke-linejoin:round;stroke-miterlimit:10;} The Trump Department of Energy will issue loans worth a total of $17.5 billion to help fund 10 new nuclear power reactors nationwide, administration officials said on Tuesday.
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