U.S. Energy Secretary Chris Wright announced Monday that the Department of Energy’s Loan Programs Office (LPO) will largely focus on financing nuclear power plants.

"By far the biggest use of those dollars will be for nuclear power plants to get those first plants built," Wright said at a conference of the American Nuclear Society.

During President Trump's first administration, the LPO — which provides financing for U.S. energy and manufacturing projects — was used only to finance reactors at the Vogtle nuclear power plant in Georgia.

There are currently no commercial nuclear reactors being built in the U.S. However, several previously closed facilities plan to open again, and there are plans to build new large and small reactors.

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