US Department of Energy awards up to $1.9B loan for nuclear plant restart

By: Cami Koons

Outlets: Iowa Capital Dispatch

Published: September 8, 2026

Words: 885

Last Updated: 2 weeks, 4 days ago

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PALO — The U.S. Department of Energy has closed on a loan of up to $1.9 billion to support the restart of Iowa’s only nuclear energy station, Duane Arnold Energy Center.

U.S. Deputy Secretary of Energy James Danly said Tuesday in Palo the “unmothballing” of sites like Duane Arnold are part of a larger strategy from President Donald Trump to “quadruple” the amount of nuclear energy in the nation by 2050. Danly …

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