US energy secretary says biggest use of loan office will be for nuclear power plants
Source: Reuters
U.S. Energy Secretary Chris Wright said on Monday the biggest use of the Department of Energy's Loan Programs Office will be for nuclear power plants.
The LPO has hundreds of billions of dollars in financing aid, including loan guarantees for projects that struggle to get bank loans. During President Donald Trump's first term in the White House, the only use he made of the LPO was for financing reactors at the Vogtle nuclear power plant in Georgia.
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Wright said electricity demand from artificial intelligence and data centers will bring in billions of dollars of equity capital from "very creditworthy providers." That financing will be matched "three to one, maybe even up to four to one, with low-cost debt dollars from the Loan Programs Office," Wright said.
Read more: https://www.reuters.com/business/energy/us-energy-secretary-says-biggest-use-loan-office-will-be-nuclear-power-plants-2025-11-10/
durablend
(8,773 posts)Happy Hoosier
(9,274 posts)I know the old school democratic position is to oppose nuclear power. But it is the only hope for a rapid expansion of non-carbon based energy production.
rampartd
(3,020 posts)why don't they build their own power plants on their own grid? that way their own domestic terrorists can shut them down or blow them up without taking down the city?
Botany
(75,880 posts)BTW anybody know what happened to the toxic water from Fukashima?
Dumped into the ocean.
NickB79
(20,161 posts)Yes, I'm dead serious.
The water dumped from Fukushima caused almost no harm to the local flora and fauna, but it DID stop humans from fishing those areas, which caused significant harm.
It essentially created a new wildlife sanctuary overnight. Same with the Fukushima Exclusion Zone on land. Wildlife exploded once humans left.
The fact of the matter is that humans, doing everyday human stuff we all take for granted like fishing, farming, and driving to work every day, are MORE harmful to the environment that a nuclear reactor melting down. It's a crazy concept to wrap your mind around.
Botany
(75,880 posts). then you would ever know. Biological Magnification is real.
womanofthehills
(10,607 posts)And Zapotecizhzhia which is still in danger.
Glad it takes 10/20!yrs for most nuclear reactors to be a reality with the permits from hell.
For the next 40 yrs Japan will be dumping that radioactive water in the ocean. Our Pacific fish could have low levels of radiation but way less than a dental x ray.
I remember yrs ago when the Albuquerque Journal said everytime it rains in Jemez/Los Alamos NM, plutonium from the 1940,s dumped in arroyos around Los Alamos goes running down the Rio Grande BUT not to worry. Now- Albuquerque gets its drinking water from Rio Grande.
GJGCA
(161 posts)