"This Is A National Emergency" - US Govt To Buy 10 Large, New Nuclear Reactors
Coe, in his remarks at the conference, said lots of details remained to be decided, but expressed confidence the nuclear reactors would come through
By News on the Net -- ZeroHedge—— Bio and Archives--November 20, 2025
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Hot on the heels of news that it will invest "hundreds of billions" in loans to the nuclear power industry, including one already disbursed loan for $1BN to restart Three Mile Island, Bloomberg reported that the US government also plans to buy and own as many as 10 new, large nuclear reactors that could be paid for using Japan’s $550BN funding pledge, part of the Trump admin's existential push to meet surging demand for electricity
The Energy Department’s chief of staff, Carl Coe, made comments today detailing the unusual arrangement related to the $550 billion in funding for US projects announced by Japan, Bloomberg reports.
“The role of having the government involved in private markets is sacrosanct — you just don’t do it,” Coe said at an energy conference hosted by the Tennessee Advanced Energy Business Council. “But this is a national emergency.” ---More...
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