The U.S. Department of Energy Announces Conditional $17.5 billion Financing to Support Westinghouse Nuclear Reactor Deployment (opens original article in a new tab)

The U.S. Department of Energy announced conditional $17.5 billion financing to support Westinghouse nuclear reactor deployment, aiming to accelerate construction of up to 10 reactors by 2030.

• The U.S. Department of Energy conditionally committed $17.5 billion in loan facilities to support up to 10 Westinghouse AP1000 nuclear reactors in the U.S.
• The financing aims to accelerate construction of nuclear projects by enabling purchase of long-lead equipment, with 10 reactors targeted for construction by 2030.
• Westinghouse, jointly owned by Brookfield and Cameco, must meet technical, legal, environmental, and financial conditions before funding is provided.