The Department of Energy is preparing to finance up to 10 nuclear power plants, according to Energy Secretary Chris Wright.
During a Monday visit to Idaho National Laboratory (INL), Wright said the Trump administration will use the agency’s rebranded Office of Energy Dominance Financing to offer low-interest loans as a “nudge” to help jump-start an industry he said Washington “smothered … for 40-plus years.”
“We want things built by and risk capital coming from the private marketplace,” Wright told The Washington Free Beacon. But, he added, government policy and red tape have made it difficult to launch new nuclear projects, and the administration intends to reverse that trend.
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