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June 23, 2026
Trump Administration Announces $17.5 Billion for New Nuclear Reactors
- The Trump administration is investing $17.5 billion to support the development of 10 new nuclear reactors by 2030.
- Energy Secretary Chris Wright highlighted the need for increased power to meet the growing demand from data centers, which could triple their electricity usage by 2028.
- The initiative aims to create a robust supply chain and construction expertise to lower costs and improve efficiency compared to previous projects.
3 Sources
- Trump administration announces $17.5B in loans to support 10 nuclear plantsJun 23, 2026 at 4:30 PM · The Hill
- Trump administration announces $17.5 billion in loans for 10 new large nuclear reactorsJun 23, 2026 at 4:34 PM · Independent
- Energy to loan $17.5B for nuclear supply chainsJun 23, 2026 at 10:09 PM · The Hill