Google’s revived nuclear power plant gets $1.9B loan from US government

Google stands to benefit as the U.S. government approved a $1.9 billion loan to restart the shuttered Duane Arnold Energy Center in Iowa, a nuclear facility previously owned by NextEra Energy. The funding creates a direct financial pathway for the tech giant’s involvement in nuclear generation, positioning it to capture a share of future power output while addressing regional energy needs. The Trump administration announced the loan, a move reported by The Hill and Bloomberg.

Reuters confirmed that NextEra secured a loan of up to $1.9 billion to finance the plant’s restart. With the loan now secured, the plant is poised for reopening, and Google’s revived nuclear venture moves into implementation. The financial backing removes a primary barrier, allowing engineering and regulatory steps to proceed.

Observers will track the timeline for construction milestones and any subsequent agreements that define the plant’s output and revenue sharing. Stakeholders will monitor compliance with federal guidelines.