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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.
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 2024, the federal government was poised to offer Holtec International a $1.5 billion federal loan to restart the Palisades nuclear plant. [30] The loan was reported at the time to potentially start as soon as February 2024. [31] The conditional agreement was announced on March 27. [18]
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 ...
The design targets a 500 day construction time, on a 10 acres (4 ha) site. [105] [108] Overall build time is expected to be four years, two years for site preparation and two years for construction and commissioning. [109] The target cost is £1.8 billion for the fifth unit built. [110]
The Palisades nuclear plant, located in southwest Michigan, is poised to become the first nuclear power plant in the U.S. to reopen.
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 ...