The Trump administration announced on June 23, 2026, that it is providing US$17.5 billion in loans to support the construction of 10 new large nuclear reactors across the United States. Energy Secretary Chris Wright made the announcement, emphasizing the administration's commitment to expanding nuclear power as a reliable and clean energy source.
Details of the loan package
The loans, administered through the Department of Energy's Loan Programs Office, will fund the development of advanced nuclear reactors at multiple sites. The exact locations of the reactors were not specified, but they are expected to be built in partnership with several energy companies. The initiative aims to add approximately 10 gigawatts of nuclear capacity, enough to power millions of homes.
President Donald Trump has long advocated for nuclear energy as part of his energy dominance agenda. In a statement, he said, "Nuclear power is safe, clean, and vital for our national security and economic prosperity. These loans will create thousands of jobs and ensure America leads the world in nuclear technology."
Impact on energy and climate goals
The announcement comes as part of broader efforts to reduce carbon emissions and increase energy independence. Nuclear power provides a carbon-free source of electricity, complementing renewable sources like wind and solar. According to the Department of Energy, the new reactors could prevent up to 50 million metric tons of carbon dioxide emissions annually once operational.
However, critics have raised concerns about the high cost and long construction timelines of nuclear projects. The loans are intended to mitigate financial risks for developers, but some experts warn that cost overruns and delays could still occur. The Government Accountability Office has previously flagged risks in the loan program, including potential defaults.
Industry and political reactions
The nuclear industry welcomed the funding. Maria Korsnick, president of the Nuclear Energy Institute, said, "This investment is a game-changer for the industry. It signals strong federal support for nuclear as a key part of the clean energy transition." Environmental groups were divided, with some acknowledging the need for carbon-free power but urging caution on nuclear waste and safety issues.
Democratic lawmakers criticized the administration for not including stronger oversight measures. Senator Ed Markey said, "While we support clean energy investments, we must ensure taxpayer money is protected and that projects meet strict safety standards."
The loans are part of a larger push by the Trump administration to revitalize the U.S. nuclear industry, which has faced challenges from cheap natural gas and renewables. The administration has also proposed tax credits and regulatory reforms to support new reactors.
