Energy Department Announces $5 Billion Loan to Modernize Nuclear Power Across Three States

The U.S. Department of Energy (DOE) has announced a conditional loan commitment of up to $5 billion to finance nuclear uprates and modernization across Constellation Energy's nuclear fleet in Illinois, Maryland, and Pennsylvania. This initiative aims to add nearly 1.1 gigawatts of electricity, strengthening the grid and lowering costs for millions of Americans. The loan advances President Trump's Executive Order, 'Reinvigorating the Nuclear Industrial Base,' which calls for DOE to facilitate 5 GW of power uprates from existing nuclear reactors.