Holtec's Audacious Plan to Reopen Palisades Pays Off
Holtec’s Audacious Plans to Reopen Palisades Pays Off
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Holtec’s Audacious Plans to Reopen Palisades Pays Off
The US Department of Energy (DOE) has announced a $1.5bn loan to Holtec to restart the Palisades nuclear plant in Covert, Michigan.
The federal government will provide a loan to help startup the nuclear power plant near South Haven in Covert Township.
The Palisades Nuclear Plant won a $1.5B conditional federal loan to reopen. Plant owner Holtec aims to move fast — but the path ahead is murky.
The Biden administration announced Wednesday a conditional loan commitment of up to $1.52 billion for a loan guarantee to help restart a shuttered nuclear plant in Michigan, a significant move to keep reactors running as a major source of zero-carbon power and high-paying jobs.