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Holtec Gets $1.5B DOE Loan Guarantee to Restart Michigan Nuclear Plant

Nuclear services firm, which acquired the 800-MW Palisades Nuclear Plant in 2022, plans to restart it by 2025 and add new small modular reactors. ....

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Feds offer $1.5B loan to restart Palisades plant

The U.S. Department of Energy on Wednesday announced a $1.5 billion "conditional commitment" to support the reopening of the Palisades nuclear power plant. ....

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Biden administration announces $1.5 billion loan for first reopening of a shuttered nuclear plant

The Biden administration on Wednesday announced a $1.5 billion loan to restart a Michigan nuclear power plant. The loan, made through the Energy Department’s Loan Program’s Office with Inflation Reduction Act funds, will allow Holtec to restart the Palisades Nuclear Plant in Covert Township. The restoration, if approved by the Nuclear Regulatory Commission, would be… ....

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The Engineer - Mott MacDonald signs small modular reactor agreement

Mott MacDonald has signed a Memorandum of Understanding with Holtec Britain and Hyundai E&C to explore the delivery of Holtec’s Small Modular Reactor (SMR) technology in the UK. ....

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Palisades owner confident feds will offer 'transformational' $1.5 billion loan

After going offline nearly two years ago, the Palisades nuclear power plant in Southwest Michigan is reportedly a major step closer toward a historic reopening. ....

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