US to back 10 AP1000 nuclear reactors with $17.5B loan package
The Energy Department will provide about $17.5 billion in loans to five special-purpose vehicles to finance the construction of 10 large AP1000 reactors (two per project, each ~1.1 GW). The loans aim to lower costs and speed completion by up to three years, with significant equity contributions from Westinghouse and partners; long-term power purchase agreements from major tech firms are expected to support the projects, though site selections have not been announced yet.
