The Trump administration is giving a Google-backed nuclear power plant a $1.9 billion loan.
It’s to finance the restart of an Iowa plant that’s been closed since 2020. Last year, Google announced a partnership with NextEra Energy to reopen the site to help power the company’s AI data centers. But you won’t see that tidbit in the Energy Department’s press release today.
TL;DR
- The Trump administration is issuing a $1.9 billion loan for a nuclear power plant.
- The loan will finance the restart of an Iowa plant that closed in 2020.
- Google partnered with NextEra Energy to reopen the plant to power its AI data centers.