Trump Administration Announces $17.5 Billion in Loans for 10 New Large Nuclear Reactors
Energy Secretary Chris Wright cited “tremendous interest” among developers of data centers, called hyperscalers, who would buy the power, as well as utilities and energy companies.
WASHINGTON, June 23, 2026 (AP) — The Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers.
Energy Secretary Chris Wright cited “tremendous interest” among developers of data centers that would buy the power, as well as utilities and energy companies. The nuclear plants could begin construction by 2030 and become operational in the mid-2030s, Wright and other officials said Tuesday.
