{"id":758661,"date":"2026-06-24T19:47:17","date_gmt":"2026-06-24T19:47:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/758661\/"},"modified":"2026-06-24T19:47:17","modified_gmt":"2026-06-24T19:47:17","slug":"trumps-nuclear-gamble-aims-to-reshape-the-u-s-power-grid","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/758661\/","title":{"rendered":"Trump\u2019s Nuclear Gamble Aims to Reshape the U.S. Power Grid"},"content":{"rendered":"

With hyperscalers set to spend roughly $800 billion on data-center capex<\/a> this year alone, alongside reshoring and broader grid electrification, baseload power demand is poised to surge.<\/p>\n

We have made the case<\/a> that intermittent solar and wind are no match for the scale and reliability requirements of the modern economy, and that nuclear power is emerging as the clean, always-on power source needed to power the AI era.<\/p>\n

The Wall Street Journal<\/a> reports Tuesday morning that the Trump administration plans to supercharge the deployment of nuclear power with a $17.5 billion low-interest loan program to help utilities finance orders for Westinghouse Electric Co.’s AP1000 reactors.<\/p>\n

The Energy Department, under Secretary Chris Wright, plans to make five loans available for two-reactor projects, with the goal of expediting equipment orders and cutting up to three years from construction timelines.<\/p>\n

More from the report:<\/p>\n

Seven utilities have already signed formal letters of intent for the five available project loans, according to the Energy Department, which didn’t name the utilities.<\/p>\n

Wright said the plan to accelerate the deployment timeline of ten reactors will “unleash the next American nuclear renaissance.”<\/p>\n

Those reactors “will also help accelerate the timeline of building those large-scale reactors by up to three years, lowering construction costs and ensuring the United States is able to deliver on President Trump’s bold and ambitious energy addition agenda,” Wright said.<\/p>\n

The AP1000 reactors, which produce about 1,100 megawatts of power, are slated to come online in 2035 and will generate enough electricity to power a midsize city or a large data center.<\/p>\n

Westinghouse Electric CEO Dan Sumner stated, “It really kick-starts fleet-scale nuclear development in the United States.”<\/p>\n

The problem is that the US track record of bringing new nuclear power reactors online has been awful. The only completed domestic AP1000s are Vogtle Units 3 and 4 in Georgia, which entered commercial service in July 2023 and April 2024, and took ten years to build.<\/p>\n

The latest nuclear reactor construction note from Goldman shows China is in the lead with 40 reactors under construction, followed by India with eight and Russia with six.<\/p>\n

\"Nuclear\"<\/p>\n

By Zerohedge<\/p>\n

More Top Reads From Oilprice.com<\/p>\n

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