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As of August 2024, Holtec has secured $300 million in state funding to restart the plant. [17] The Department of Energy is also ready to offer a $1.5 billion loan to assist in restarting operations. [18] If operations resume, planned for late 2025, [19] the plant would be the first nuclear power plant to restart operations in the country. [20]
The reopening of Palisades would mark the first restart of a closed nuclear reactor in U.S. history. News 8 got a look inside with the NRC, which will make that decision. Most areas were restricted.
The company has been shutting down and selling off its fleet of nuclear plants for several years, and the sale of Palisades completes the company's exit of the nuclear merchant power business.
The Palisades nuclear plant, located in southwest Michigan, is poised to become the first nuclear power plant in the U.S. to reopen.
NRG also has a 44% ownership stake in the South Texas Nuclear Generating Station and a 37.5% stake in a coal power plant in Gladstone, Queensland, Australia. [56] Some facilities use cogeneration and the company also owns 28 MW of solar distributed generation. [56] NRG Energy owns the Indian River Power Plant near Millsboro, Delaware.
In addition to wind and solar, NEER owns and operates generating plants powered by nuclear energy, natural gas, and oil. As of December 2017, the combined capacity of NEER's facilities is 19.06 gigawatts (GW) across 32 states, 4 Canadian provinces, and 1 province in Spain.
Palisades owner Holtec International said staffing, financial commitments and a power purchasing agreement are among the details to sort out. Palisades owner says ‘number of hurdles’ need to ...
The plant operated for 35 years, until 1997 when it closed. It was Michigan's first nuclear power plant and the United States' fifth nuclear plant, capable of producing 67 megawatts of electricity. [30] Palisades Nuclear Generating Station (five miles south of South Haven) was previously owned by Consumers Energy and was shut down in May 2022.