Atlanta-based utility Southern Company will look to boost its nuclear capacity in the states of Georgia and Alabama following a major $26.5bn (€22.5bn) loan package from the US Department of Energy aimed at upgrading the electricity system.
The DOE said the loans will support 6.3 GW of nuclear capacity through the uprates and relicensing of existing nuclear plants. The 30-year loan will also help cover infrastructure investments in natural gas, hydropower, battery storage, and grid improvements.
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