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Google Secures $1.9B US Loan for Iowa Nuclear Plant Restart

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Sig3.71Sen+3.39Env+3.73Soc+1.08Gov+1.36

Google said a revived Iowa nuclear power plant will return to service with a $1.9B US government loan, its second such financing. The restart is targeted for 2029 and is expected to lower electricity costs for power-hungry AI data centers. The Duane Arnold site was mothballed after a 2020 rainstorm damaged it. A prior DOE deal backed Constellation’s Three Mile Island restart for 2028, generating 835 MW.

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