The Energy Department announced its intent Thursday to provide a $263 million loan to support the construction of a medical isotope production facility in Wisconsin that uses fusion technology.
The conditional commitment for the loan to SHINE Chrysalis adds to the Trump administration’s loan portfolio after it reoriented the office at DOE away from being the engine for clean energy financing that it was under former President Joe Biden. The office, now known as the Office of Energy Dominance Financing, has instead been refocused on supporting projects that are a priority for the Trump administration, including financing for nuclear energy.
EDF Director Greg Beard called the Chrysalis project “vital to improving the nuclear supply chain” in a statement.
The SHINE facility will utilize fusion and fission technology to establish the first domestic commercial supply of molybdenum-99, a medical isotope used for diagnostic imaging, the department said. The United States currently relies on imports from overseas for its supply of Mo-99.
