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More than 1,000 Holtec and specialty workers and contractors are trying to get Palisades power plant back online. Inside the Holtec Palisades nuclear power plant in Covert Township on Dec. 11, 2024.
Holtec is developing the SMR-160, an advanced light water reactor that can generate 160 MW of power. The first SMR-160s are scheduled to enter service around 2030, Holtec said.
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 ...
However, in September 2022, Holtec applied for funds from the Civil Nuclear Credit to reopen the plant. [12] This request was denied in November 2022. [13] In December 2022, Holtec announced that it will reapply for funds from the Civil Nuclear Credit in order to restart Palisades. [14] Other efforts have been made to "repower" the plant. [15]
Holtec International is a supplier of equipment and systems for the energy industry. [1] [2] Founded in Mount Laurel, New Jersey in 1986, Holtec International is a privately-held technology company with domestic operation centers in New Jersey, Florida, Ohio and Pennsylvania and worldwide in Brazil, India Japan, Mexico, Poland, South Africa, Spain, U.K. and Ukraine. [3]
In January, multiple outlets including Reuters reported the loan’s existence, allowing Holtec to re-open Palisades. Holtec bought the facility from its previous owner, Entergy, in 2022, the year ...
Holtec International acquired the 800-megawatt Palisades plant in 2022 with plans to dismantle it. Gov. Gretchen Whitmer said it would be the first nuclear power plant to be reopened in the U.S ...
Holtec was founded in New Jersey. Holtec is attempting to restart operations at Palisades, which went offline for decommissioning in May 2022. An initial, unsuccessful attempt to restart the plant ...