Energy giant NextEra Energy has secured a federal loan of up to $1.9 billion from the Department of Energy to restart Iowa’s Duane Arnold Energy Center, marking a major milestone as the country works to meet soaring power demand driven in part by the AI boom.

The 615-megawatt facility in Linn County operated for 45 years before closing in 2020 as Iowa’s sole nuclear power plant. The project cleared a major state regulatory hurdle in June when the Iowa Utilities Commission issued a certificate authorizing construction and operation.

NextEra aims to bring the reactor back online by the first quarter of 2029, subject to final oversight and…

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