First Read: Korea Utilities "Nuclear: More policy support for US nuclear..."

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First Read: Korea Utilities "Nuclear: More policy support for US nuclear..."

Global Research

24 June 2026ab

First Read

EquitiesKorea Utilities

Nuclear: More policy support for US nuclear Korea

projects Electric Utilities

Yoon Cho

Analyst

yoon.cho@ubs.com

US DOE announces US$17.5bn loan on long-lead nuclear equipment orders +82-2-3702 8805

On 23 June, the US Department of Energy (DOE) announced US$17.5bn in conditional Yong-Suk Son, CFA

loans to support procurement of long-lead equipment orders for 10 Westinghouse Analyst

AP1000 reactors. The loan will be provided to five projects (2 reactors each), supporting yongsuk.son@ubs.com

the Trump administration's target to start construction of 10 large nuclear reactors by +82-2-3702 8804

2030. DOE says the loans could accelerate nuclear plant build timelines by up to 3 years, Brandon Suh

with Westinghouse committing to fixed-price contracts to mitigate cost inflation of Analyst

items such as reactor vessels and steam generators. Energy secretary said the loans brandon.suh@ubs.com

attracted interest from hyperscalers and energy companies amid rising electricity +82-2-3702 8813

demand and seven utilities have expressed interest in the loan. The news comes after US

government announced a partnership with Westinghouse in October 2025 to invest

>US$80bn in new nuclear power plants, with financing facilitated by the government.

Korean government's US investment body to review potential nuclear options

Following Korea-US trade MOU in November 2025, Korea-US Strategic Investment

Corporation (KUIC) officially launched on 18 June and held its inaugural project

management committee on 23 June which will oversee US$350bn US investment

commitment. While details of potential projects are unknown, recent local news suggest