News · Yahoo Finance

Trump DOE loans $5B to nuclear plants that will power data centers

The Trump administration is giving Constellation Energy $5 billion in loans to expand nuclear capacity at eight plants by 1.1 gigawatts. Most or all of the additional power from seven of those plants has already been bought by Google, Meta or Amazon. Constellation plans to use the financing to “uprate” 11 existing reactors, which means expanding their capacity, often through more highly enriched uranium and equipment upgrades, and says it has already committed more than $7 billion to add 1,080 megawatts for those buyers. The loan has not been finalized, and Constellation says it could lower financing costs. The Department of Energy says the loan supports affordable, reliable power, but the article notes there is no evidence the new capacity will lower residential rates, and Constellation would not confirm that claim.

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electricitydata centersnuclear energyDonald Trump

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AMZN

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MarketUS stocks
SectorConsumer Discretionary
IndustryBroadline Retail
Market cap$2.6T
Close on 10/27/2026253.10
Change that session+1.61%
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