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DOE Releases More Funding to Reopen Palisades Nuclear Plant

Energy Secretary Chris Wright on April 22 announced the release of the third loan disbursement to Holtec for the reopening of the Palisades Nuclear Plant in Michigan.

The post DOE Releases More Funding to Reopen Palisades Nuclear Plant appeared first on POWER Magazine.

In September 2024, the Department of Energy finalized a $1.52 billion loan guarantee to Holtec Palisades LLC to support the restoration and recommissioning of the 800-MW Palisades Nuclear Plant in Covert Township, Michigan. Originally shut down in May 2022, the plant is set to return to service and operate until at least 2051, pending U.S. Nuclear Regulatory Commission approvals. It could mark the first-ever recommissioning of a retired nuclear power plant in U.S. history. Source: DOE

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