The public bank, while government-owned, would specialize in financing innovative energy projects, particularly the development of Small Modular Reactors (SMRs) and modernizing the national energy grid.
A primary objective of the bank would be to fund infrastructure projects that advance energy innovation, such as SMRs, which are poised to revolutionize the nuclear energy sector with their smaller, safer, and more adaptable designs.
Alongside traditional US Treasury notes and national currency, the bank would introduce a novel 'Power Currency', an energy-backed currency. This currency would be tied to the tangible asset of energy production, particularly from new energy technologies like SMRs.
The bank would implement rigorous oversight mechanisms, ensuring that investments in energy projects are ethically sound, corruption-free, and align with environmental and safety standards.
Projects would be evaluated not only for their financial viability but also for their potential to contribute to a sustainable and efficient energy future, as well as their alignment with the goals of the Power Currency system.
The bank would play a key role in fostering public-private partnerships, specifically in energy sector projects, leveraging private investment to complement public funding.
Risk management strategies would be tailored to address the specific risks associated with energy projects, including technological, environmental, and market risks.
The bank would help overcome financial barriers that state and local governments, as well as private entities, face in initiating energy infrastructure projects, particularly those involving innovative technologies like SMRs.
The bank's activities would support broader national energy policies, focusing on transitioning to more sustainable and secure energy sources, and contributing to the resilience of the national economy through the Power Currency initiative.
With its innovative approach to energy financing, the bank would maintain democratic accountability, ensuring that its operations in advancing energy technologies and implementing Power Currency are transparent and aligned with public interest.