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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 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, Holtec ...
Michigan Gov. Gretchen Whitmer (left) and U.S. Secretary of Energy Jennifer Granholm view a demonstration of a training simulation at the Palisades Nuclear Plant on Wednesday, March 27, 2024, in ...
Two months later, the Department of Energy offered Holtec a loan worth $1.5 billion to make Palisades the first U.S. nuclear plant to ever come back online after shutting down in preparation for ...
The federal government will provide a $1.5 billion loan to restart a nuclear power plant in southwestern Michigan, officials announced Wednesday. Holtec International acquired the 800-megawatt ...
In Michigan, where Granholm was a Democratic governor, she announced in March up to $1.5 billion in loans to restart the Palisades nuclear power plant, which was shut down in 2022 after a previous owner had trouble producing electricity that was price-competitive.
Last week, the Biden administration said it closed a $1.52 billion loan to resurrect the Palisades nuclear plant in Michigan, which would take two years to re-open.
“Once open, Palisades will be the first successfully restarted nuclear power plant in American history, driving $363 million of regional economic impact and helping Michigan lead the future of ...