Trump DOE loans $5B to nuclear plants that will power data centers
Constellation Energy is receiving $5 billion in government loans from the DOE to modernize nuclear power reactors. The majority of the increased nuclear capacity generated from this modernization is already allocated to major tech companies including Google, Amazon, and Meta, highlighting the growing energy demands of hyperscale data center operators.
Key points
- DOE loans $5B to Constellation Energy for nuclear modernization
- New capacity committed to Google, Amazon, and Meta
- Addresses data center energy demands
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