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Jigar Shah's picture
Director, Loan Programs Office , U.S. Department of Energy

Jigar Shah was most recently co-founder and President at Generate Capital, where he focused on helping entrepreneurs accelerate decarbonization solutions through the use of low-cost...

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  • Nov 8, 2022
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Big news in nuclear energy financing from LPO's portfolio! Over a decade after LPO and the U.S. Department of Energy (DOE) offered its first conditional commitments for loan guarantees to finance the construction and operation of two new, innovative 1,100 megawatt Westinghouse AP1000 nuclear reactors at Plant Vogtle near Waynesboro, Georgia, Georgia Power Company recently reported that fuel load into the Plant Vogtle Unit 3 reactor core has been completed, marking a historic milestone toward start-up and commercial operation: https://lnkd.in/gQRZdKwR

As LPO Director Jigar Shah remarked, "The United States has been recognized as the leader in advanced nuclear reactor technologies and expertise around the world. The completion of fuel loading at Vogtle nuclear plant is another step forward in energizing American innovation and clean energy."

With more than 9,000 construction jobs at peak and 800 permanent jobs once the units begin operating, Vogtle is currently the largest jobs-producing construction project in the state of Georgia, with the two new nuclear reactors supplementing two existing reactor units at the site and projected to provide more than 17 million megawatt-hours of clean electricity annually—enough reliable electricity to power more than 1.6 million American homes while avoiding nearly 10 million metric tons of carbon dioxide emissions annually.

LEARN MORE:

• Read more details about Vogtle on its LPO project page: Energy.gov/LPO/Vogtle and about LPO's full portfolio of innovative clean energy and advanced transportation projects: https://lnkd.in/gDnF2A6W

• Find out how LPO is helping to commercialize the next generation of nuclear energy—including small modular reactors—through its Innovative Clean Energy Loan Guarantee Program: https://lnkd.in/ggRiESeH

• Download LPO's Nuclear Energy Project Technical Eligibility Reference Guide: https://lnkd.in/g_ChSWJh

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