DOE Unveils $17.5B Plan to Rebuild U.S. Nuclear Supply Chain and Deploy 10 AP1000 Reactors

The U.S. Department of Energy issued a conditional $17.5 billion loan commitment to finance long-lead items for five projects that will deploy 10 Westinghouse AP1000 reactors, accelerating construction by up to three years and rebuilding the American nuclear supply chain. EDF will support up to five loans, each backing two reactors, with each project requiring $1 billion upfront equity ($500M from Westinghouse and $500M from a partner) and letters of intent from potential partners. Final financing depends on meeting technical, legal, environmental, and financial conditions. The move aligns with President Trump’s goal of having 10 reactors under construction by 2030 and aims to reduce costs and timelines through bulk purchasing of equipment.