The U.S. has provided Constellation with $5 billion in financing to expand nuclear power generation.

The U.S. Department of Energy (DOE) revealed on October 27 that the Trump administration is evaluating a conditional loan of up to $5 billion to Constellation Energy to support upgrades and modernization of its nuclear reactor facilities in Illinois, Maryland, and Pennsylvania. According to DOE estimates, once operational, these projects will add nearly 1.1 gigawatts (GW) of new power generation capacity—bolstering grid resilience and lowering electricity costs. U.S. Energy Secretary Chris Wright is set to formally announce the financing arrangement Tuesday evening at a nuclear power plant in Illinois—the same facility that will supply power to Google. In his statement, Wright emphasized: “The Department of Energy is moving full speed ahead to implement President Trump’s ‘American Nuclear Renaissance’ initiative and fully unlock the potential of our existing nuclear fleet.”