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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 ] On September 12, 2023, Holtec and Wolverine Power Cooperative announced that they had reached a power purchase agreement to restart the plant once the re ...
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.
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 ...
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]
The company that owns Palisades Energy LLC, Holtec International, will receive up to a $1.52 billion conditional loan from the U.S. Department of Energy. The funding will allow the 800 megawatt ...
This raised concerns about the commercial prospects in the U.S. of the other SMR designs. [133] [134] In January 2024, it was announced that Holtec International was receiving $1.5 billion from the U.S. Department of Energy to restart the Palisades nuclear plant. [135] The goal is to have the 800 megawatt plant running by 2025.
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.