Nuclear Power Will Get the Most Energy Department Loans, Chris Wright Says

Nuclear power will get the most Energy Department loans, Chris Wright says

The Secretary of Energy said he hopes dozens of nuclear plants are under construction in the U.S. when the Trump administration leaves office.

US Energy Secretary Says Biggest Use of Loan Office Will Be For Nuclear Power Plants - Energy News, Top Headlines, Commentaries, Features & Events

WASHINGTON, Nov 10 (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 ...

Large reactors still needed to meet growing energy needs, speakers say

WASHINGTON, D.C. – To meet rising energy demands, the United States needs to prioritize building large nuclear reactors, several federal officials said during the American Nuclear Society conference Monday. Secretary of Energy Chris Wright, Nuclear Regulatory Commission Chair David Wright and Rep. Chuck Fleischmann (R-Tenn.) said during various panel discussions that small modular reactors will be needed but large reactors are still necessary to…

Chris Wright revamping Biden green bank to focus on nuclear power

Energy Secretary Chris Wright announced plans Monday to further transition the Department of Energy’s major loan-granting office away from its Biden-era focus on renewable power sources and toward boosting nuclear energy. Wright said that the largest portion of funding from the Loan Programs Office, which was often referred to as former President Joe Biden’s “green... The post Chris Wright revamping Biden green bank to focus on nuclear power app…