The U.S. Government is Supercharging the Nuclear Energy Resurgence With $17.5 Billion in Loans. Here's What it Means for Utility Stocks.
The Department of Energy announced a splashy new program to encourage build-outs of nuclear power generation assets in this country.
The U.S. Government is Supercharging the Nuclear Energy Resurgence With $17.5 Billion in Loans. Here's What it Means for Utility Stocks.
Overview
The U.S. nuclear industry just received an injection of nuclear fuel from the federal government. On Tuesday, the Department of Energy (DoE) announced it was providing loans to help finance five nuclear projects in the country. While the announcement was short on details, it was unquestionably a boon for both the nuclear industry and the broader utilities space. Let’s dig in.
The DoE’s press release stated that the program centers on one particular company and reactor — Westinghouse and its AP1000. Westinghouse is a joint venture between nuclear fuel specialist Cameco (NYSE:CCJ) and Brookfield Renewable Partners (NYSE:BEP).
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Originally published at www.fool.com.
