The US Department of Energy (DOE) has announced $17.5bn (€15.4bn) in conditional loans for utilities and energy companies to purchase crucial long lead-time components needed to strengthen the US commercial nuclear supply chain.
US energy secretary Chris Wright said the loans will help the US achieve its goal of having 10 new large-scale Westinghouse AP1000 nuclear reactors under construction by 2030, potentially accelerating that timeline by three years.
The loans would help companies procure items such as reactor pressure vessels and steam generators, which can take years to secure, and potentially reduce the time to build the AP1000 nuclear plants.
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