NUCLEAR FEDERAL LOANS25 Jul 2025 08:26
Fact Sheets
Fact Sheet: President Donald J. Trump Reinvigorates the Nuclear Industrial Base
The White House
May 23, 2025
REINVIGORATING THE NUCLEAR FUEL CYCLE: Today, President Donald J. Trump signed an Executive Order to expedite and promote the production and operation of nuclear energy, which is necessary to power the next generation technologies that secure our global industrial, digital, and economic dominance, achieve energy independence, and protect our national security.
This Order tasks the Secretary of Energy, in coordination with the Secretary of Defense, the Secretary of Transportation, and the Director of the Office of Management and Budget (OMB), to report on a recommended national policy to support spent nuclear fuel management, an evaluation of policies regarding commercial recycling and reprocessing of nuclear fuels, and recommendations for the efficient use of nuclear waste materials.
The Secretary of Energy, in consultation with the Chair of the Nuclear Regulatory Commission and Director of OMB, will develop a plan to expand domestic uranium conversion capacity and enrichment capabilities to meet projected civilian and defense reactor needs.
This Order directs the Secretary of Energy to create a program to dispose of surplus plutonium by processing and making it available for advanced reactor fuel fabrication, stopping the surplus plutonium disposition program other than with respect to existing legal obligations.
President Trump is leveraging the Defense Production Act to seek voluntary agreements with domestic nuclear energy companies for the procurement of enriched uranium and for consultation regarding methods to enhance domestic capability to manage spent nuclear fuel.
The Secretary of Energy is authorized to support the establishment of nuclear industry consortia by ensuring offtake for newly established domestic fuel supply across milling, conversion/deconversion, enrichment, fabrication, and recycling and reprocessing.
ACCELERATING NEW NUCLEAR ENERGY PRODUCTION: President Trump is leveraging the full suite of Federal financial resources to support the restart, completion, uprate, and construction of nuclear plants.
The Department of Energy will prioritize the facilitation of 5 GW of power uprates to existing nuclear reactors and construction on 10 new large reactors by 2030.
Federal loans and loan guarantees will be prioritized to support increased nuclear energy, including restarting closed nuclear power plants and completing construction of prematurely suspended plants.
The Order tasks the Secretary of Energy, in coordination with the Administrator of the Small Business Administration, to prioritize funding for companies with potential for near-term deployment of advanced nuclear technologies.
EXPANDING THE AMERICAN NUCLEAR WORKFORCE: President Trump is taking action to expand pathways for Americans to gain employment in the domestic nuclear workforce.
Nuclear engineering and nuclear energy-relate
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