US Regulator Approves $1.9 Billion Loan to Spin up Iowa's Dead Nuclear Reactor for Google
The loan will help NextEra restart the 615-megawatt Duane Arnold Energy Center by 2029 to supply Google’s AI data centers and add grid capacity.
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Trump closes $1.9 billion loan to restart nuclear power plant in Iowa
The Trump administration closed a $1.9 billion loan to restart the Duane Arnold Nuclear Plant in Iowa. This marks the third nuclear power plant that the administration has committed to providing funding to restart, as it seeks to bolster the nuclear energy industry in the United States and secure enough baseload power to fuel its […]
DOE issues $1.9 billion loan for NextEra’s Duane Arnold restart
The Department of Energy’s Office of Energy Dominance Financing issued a near $2 billion loan to NextEra Energy to help with efforts to restart the Duane Arnold nuclear plant in Iowa. The $1.9 billion loan is the largest yet that DOE has issued to help revive a nuclear power plant. The former Three Mile Island […]
The Trump administration committed up to $1.9 billion in funding to help NextEased to reactivate a closed Iowa nuclear plant since 2020, in a bid that also seeks to respond to increased electricity demand driven by artificial intelligence data centers.
Duane Arnold Nuclear Plant Gets A $1.9 Billion Loan To Power Google's AI
The Energy Department has closed a $1.9 billion loan to NextEra Energy to restart the Duane Arnold Energy Center, an Iowa nuclear plant idle since 2020. Google will buy the plant's power under a 25-year deal once it restarts in early 2029, and the two companies are already exploring new nuclear projects together.
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