Trump Plans to Tap Biden's Green Bank to Make Billions in Loans
The Trump administration plans to use a $400 billion green bank the president once sought to kill to finance billions of dollars in loans for nuclear reactors, geothermal power and critical minerals, according to details of the administration's fiscal year 2026 budget request.
The funding would primarily support the construction of smaller nuclear reactors as well as untested advanced nuclear reactors that have struggled to gain traction. In all, the Energy Department wants to offer more than $67 billion in loan guarantees and other financing over the next two fiscal years, and is asking Congress to approve some $750 million to help pay for the costs of making some of those loans.
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