The funding aims to support construction of up to 10 large-scale nuclear reactors through low-interest federal loans.
The U.S. government has conditionally approved $17.5 billion in loan facilities to finance long-lead equipment for Westinghouse Electric’s nuclear reactor projects. The low-interest loans will support the construction of up to 10 large-scale reactors, according to the company.
The funding comes as part of efforts to bolster domestic nuclear energy infrastructure, though no prior federal loan commitments of this scale for nuclear projects have been announced in recent years. The initiative aligns with broader energy security and decarbonization goals.
No immediate market reaction was specified, but the move could reduce financing risks for Westinghouse and related supply chains.