DOE announces $10.1B in loans to Constellation, Alliant, for 3.7 GW

Utility Dive · Robert Walton · 2026-10-28 08:51 UTC

Both loan packages could be used to finance uprates at existing generation facilities, which Energy Secretary Chris Wright called “commonsense” energy policy.

Dive Brief:

- The U.S. Department of Energy announced $10.1 billion in loans and loan guarantees to Constellation Energy and Alliant Energy this week, aiming to support 3.7 GW of new capacity from nuclear and other technologies.

- DOE’s Office of Energy Dominance Financing on Tuesday announced a conditional loan commitment of up to $5 billion to finance nuclear uprates and modernization across Constellation Energy’s fleet in Illinois, Maryland, and Pennsylvania.

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