The US Energy Department gives Constellation a conditional commitment for a loan of up to $5 billion to boost nuclear plant output, most of it contracted by tech giants
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
US nuclear plants are adding capacity for orders from Google, Amazon and Meta, and the state is making their financing cheaper.
According to TechCrunch, the US Energy Department gave Constellation Energy a conditional commitment for a $5 billion loan: it is not yet final and is meant to lower the cost of financing the expansion. The money is for "uprating" 11 existing reactors at eight plants in three states — Braidwood, Byron, Clinton, Dresden, La Salle and Quad Cities in Illinois, Calvert Cliffs in Maryland and Limerick in Pennsylvania; the gain will be about 1.1 GW (1,080 MW). Most of the new capacity is already contracted: Google for the Pennsylvania plant and four in Illinois, Amazon for the Maryland one, and Meta for Clinton.
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