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U.S. Secretary of Energy Jennifer Granholm takes questions from reporters after announcing the federal government’s commitment to offer a $1.5 billion conditional loan to restart the Palisades nuclear plant. | Kyle Davidson. Opposition from residents, environmentalists. But not everyone living in Van Buren county supports the new plant.
The federal government will provide a $1.5 billion loan to restart a nuclear power plant in Covert, Michigan, officials announced Wednesday. Holtec International acquired the 800-megawatt ...
COVERT TWP. — As part of Holtec International's efforts to restart the Palisades Nuclear Power Plant, the company has published a Community Benefits Plan to show anticipated positive effects ...
The Palisades Nuclear Plant in Covert, Michigan, is being prepared for a historic restart after securing a $1.52 billion loan from the U.S. Department of Energy (DOE) in late September 2024. This marks the first time a decommissioned nuclear reactor in the U.S. will be revived.
Bringing Palisades back online would return about 800 megawatts of low-carbon power to the Michigan electric grid. That’s about a quarter of the capacity of Michigan’s Monroe Power Plant, one of the largest coal plants in the country.
The plan to reopen Palisades is still subject to approval by the U.S. Nuclear Regulatory Commission. A Holtec official said the process to fully reopen Palisades could take another 18 months.
The Palisades plant in Michigan could become the first successfully restarted nuclear power plant in the USA following Holtec International's submission of a filing with the Nuclear Regulatory Commission to formally begin the process of seeking reauthorisation of power operations at the plant, which was shut down in May 2022.;
The Palisades nuclear plant in Michigan has closed a $1.5 billion loan to support the first reactor restart in U.S. history, the Department of Energy announced Monday. Palisades’ owner,...
March 27, 2024. The Biden administration announced on Wednesday that it had agreed to provide a $1.52 billion loan guarantee to help a company restart a nuclear power plant in Michigan — the...
After receiving a federal loan totaling more than $1 billion, the mothballed Covert, Michigan nuclear power plant will restart. Palisades Nuclear Power Plant was shutdown and taken offline in May 2022 and sold to Holtec International one month later.