A working group has released a 78-page report which details plans to attract a fleet of next generation nuclear power plants to the US state of Texas by offering energy companies low-interest loans that would cover nuclear power plants’ upfront construction costs.

The report, released by the Public Utility Commission (PUCT) of Texas, says Texas could become a global leader in advanced nuclear development and deployment, but getting there will require a new approach to regulating and siting reactors, as well as financial support from the state.

It says the state will realise global market potential by establishing itself as the preferred supplier for US-based advanced reactor technology.