NEWS: The DOE is pouring $17.5B in loans into the US nuclear supply chain. 💰️

The low-interest loans will help five projects secure steam generators, pressure vessels, and other parts for Westinghouse AP1000s—notorious for their specialized components that can take years to make and acquire. 

The timeline: By helping new nuclear builds get materials more quickly, the funds could help reactors come online up to three years quicker, according to Office of Energy Dominance Financing Director Gregory Beard. For a notoriously slow industry, that’s some impressive speed (after all, Georgia’s Vogtle Power Plant fell around seven years behind schedule).

Big picture: It’s the DOE’s latest (massive) step toward fulfilling President Donald Trump's executive orders to kick off construction on 10 large nuclear reactors by 2030.