The Trump administration will provide $17.5 billion in loans to promote the construction of large nuclear power plants in the United States.

The Trump administration will provide $17.5 billion in loans to support utility companies in ordering reactor equipment designed by Westinghouse Electric Company, with the aim of revitalizing construction of large nuclear power plants in the United States. The Department of Energy announced on Tuesday that this funding will be provided in conditional form, with a maximum of five loans, targeting utility companies and other energy companies planning on building two reactors each. The Department of Energy stated that Westinghouse Electric has signed memorandums of understanding with seven potential partners, with construction sites for the projects already determined. The department stated that the names of the utility companies will not be disclosed until the final list is determined. President Donald Trump views nuclear reactors as a core source of power for data centers and economic growth. An executive order he signed last year called for the construction of 10 large traditional nuclear reactors in the United States by 2030, with a goal of tripling the nation's nuclear power capacity to 400 gigawatts.