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Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors
By Jennifer Mcdermott And Matthew Daly, Associated Press at KPRC 2 Houston / Click2Houston (NBC)
· June 23, 2026
· 4 min read
The Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers. Energy Secretary Chris Wright cited “tremendous interest” among developers of data centers that would buy the power, as we...
Key takeaway The nuclear plants could begin construction by 2030 and become operational in the mid-2030s, Wright and other officials said Tuesday.
Why this matters in Magnolia News
The Trump administration's announcement of $17.5 billion in loans for 10 new large nuclear reactors has significant implications for Montgomery County, where Magnolia is located. As the Houston area continues to grow and attract massive data centers, the demand for power is increasing rapidly. The new nuclear reactors, which could begin construction by 2030, may provide a reliable source of energy to support this growth. With the Energy Department planning to select five sites to host two reactors each, it is possible that one of these sites could be located in or near Montgomery County, bringing new economic opportunities and jobs to the area. The use of Westinghouse's AP1000 design, which has been tested at Georgia Power Co.'s Plant Vogtle, may also provide a sense of familiarity and stability for local residents and businesses. As the selection process moves forward, Magnolia residents will be watching closely to see if their community will be impacted by this major investment in nuclear energy.
About this story
Original reporting by KPRC 2 Houston / Click2Houston (NBC) . Magnolia News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KPRC 2 Houston / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 23, 2026 ·
Source: KPRC 2 Houston / Click2Houston (NBC) ·
Reading time: 4 min
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Frequently asked about this story
What is this story about? The Trump administration is providing $17.5 billion to speed the development of 10 new large nuclear reactors to meet the skyrocketing power demand from massive data centers. Energy Secretary Chris Wright cited “tremendous interest” among developers of data centers that would buy the power, as we...
When was this published? This article was first published on June 23, 2026 by KPRC 2 Houston / Click2Houston (NBC) and curated for Magnolia News readers.
Who reported this story? This story was reported by Jennifer Mcdermott And Matthew Daly, Associated Press at KPRC 2 Houston / Click2Houston (NBC). To learn more about how Magnolia News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Magnolia News, or browse our daily briefing and topic hubs .
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