Add as a preferred source on GoogleTrump Administration Weighs Up to $5 Billion for Constellation Upgrades
The work would cover nuclear facilities in Illinois, Maryland and Pennsylvania. The Energy Department projects the upgrades could add nearly 1.1 gigawatts of electricity supply.
The Trump administration is weighing up to $5 billion in financing for Constellation Energy to upgrade nuclear facilities in Illinois, Maryland and Pennsylvania.
The U.S. Energy Department described a conditional loan commitment as support for the projects. It projects the work could add nearly 1.1 gigawatts of electricity supply, strengthen the grid and lower costs.
An announcement on the financing was scheduled for Oct. 27 at an Illinois nuclear plant that will supply Google. Google has been pursuing a multiyear nuclear power agreement with Constellation.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.