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ATM No 297 2026 JUN 24
US announces $17.5B in conditional loans for nuclear power
- The U.S. DOE announced $17.5 billion in conditional loans to strengthen the commercial nuclear supply chain and accelerate large-scale reactor construction.
- Energy Secretary noted that this initiative aims to have 10 new reactors under construction by 2030, driven by soaring electricity demand from AI data centers.
- The program will support up to five projects, each featuring two Westinghouse AP1000 reactors, with substantial interest from major tech hyperscalers.
Holtec and EDF Energy Submit Plans for New Nuclear Projects in Britain
- Holtec International and EDF have submitted a joint proposal to the UK Government to deploy SMR-300 at the historic Cottam coal site.
- They signed Heads of Terms to form a joint venture under the UK’s Advanced Nuclear Framework, leveraging private investment and existing grid infrastructure.
- The Cottam project plans to host up to four SMR-300 units, generating 1.3 gigawatts of clean electricity while revitalizing the local economy.
US Must Standardise Reactor Designs To Avoid Another Cycle Of Escalating Costs, Says Thinktank
- The American Enterprise Institute emphasized that the US must support the standardization of nuclear reactor designs and ensure regulatory stability to avoid spiraling deployment costs.
- The thinktank pointed out that past cost escalations were primarily policy choices, driven by burdensome regulatory backfitting rules during construction.
- To rebuild a competitive nuclear industry, the report suggested imposing a strict statutory hazard threshold for design modifications and securing sustained, long-term orders.
- of-escalating-costs-says-thinktank-6-1-2026