The Department of Energy (DOE) is drafting a solicitation to provide as much as $12.6 billion in loan guarantees for nuclear energy projects.
The goal of the loan guarantees is to commercialize advanced nuclear technologies that could not otherwise get financing for research and development.
“For the first time in more than 30 years, new nuclear power plants are under construction in the United States,” Energy Secretary Ernest MonizErnest MonizWhat we learned from Rick Perry's confirmation hearing Overnight Energy: Rough hearing for Tillerson Overnight Energy: Former Exxon chief Tillerson takes the hot seat MORE said in a Tuesday statement.
“This solicitation would build on that investment and help support the construction of the next generation of safe and secure nuclear energy projects.”
DOE said the loans align with the Obama administration’s “all-of-the-above” approach to energy as well as the goal of reducing greenhouse gas emissions.
Officials released a draft solicitation for the projects Tuesday. It will take comments on the draft for 30 days before writing a final version.