Nuclear to get lion’s share of US loans: official

Core Viewpoint - The US Energy Department is prioritizing nuclear power funding to expedite the construction of new reactors, with significant financial backing expected from the government [1][2]. Financing and Investment - The US government will match billions of dollars in equity financing with low-cost debt at a maximum ratio of four-to-one through the Loans Programme Office [2]. - The partnership with Westinghouse Electric aims to facilitate the construction of at least $80 billion worth of new nuclear reactors across the US [4]. Strategic Partnerships - The Trump administration has formed a strategic partnership with Westinghouse Electric, co-owned by Cameco and Brookfield Asset Management, to enhance the development of nuclear power in the US [2][8]. - This partnership is viewed as a significant de-risking event for reactor orders and the broader nuclear industry, potentially accelerating the rollout of new Westinghouse AP1000 reactors [5]. Industry Outlook - The goal is to have dozens of nuclear plants under construction by the end of the current administration [3]. - Despite the slow pace of nuclear construction in the US, with only three reactors completed this century, there is a growing interest in restarting or upgrading old plants to meet the electricity demands driven by artificial intelligence [7]. Public Perception and Challenges - Public opinion is shifting positively towards nuclear power due to its low-emission benefits, despite historical concerns stemming from past accidents [8].