Tag

Doe Loans

All articles tagged with #doe loans

Trump Admin Bets $17.5B on 10 New Nuclear Reactors for Data Centers
energy17 days ago

Trump Admin Bets $17.5B on 10 New Nuclear Reactors for Data Centers

The Trump administration announced up to $17.5 billion in federal loans to speed the development of 10 large AP1000 nuclear reactors to meet rising electricity demand from data centers. Five sites will host two reactors each, with construction targeted to begin by 2030 and power generation in the mid-2030s. Utilities will contribute equity, and the loans are designed to accelerate supply chain development and reduce costs, drawing on lessons from the Vogtle project. The plan aims to scale up fleet production to support future technology and manufacturing needs, though critics point to nuclear costs and risk relative to alternative low-carbon options.

Biden's Climate Deals Counter Trump's Energy Rollbacks
politics1 year ago

Biden's Climate Deals Counter Trump's Energy Rollbacks

President Joe Biden's administration is racing to finalize $25 billion in clean energy loans before President-elect Donald Trump takes office, potentially reversing Biden's climate initiatives. The Department of Energy's Loan Programs Office is crucial in this effort, with pending loans for projects like EV battery production and green hydrogen plants. Trump's previous administration was less supportive of such loans, and his incoming team, including fracking executive Chris Wright, may cut funding. The Biden administration aims to secure these deals to cement its climate legacy and counteract potential rollbacks.