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For the first time in United States history, a decommissioned nuclear power plant is set to be brought back online – something supporters tout as ...
The DOE earmarked up to $1.52 billion in conditional loan guarantee commitment to support the resumption of services at the Palisades Nuclear Plant.
Holtec’s Audacious Plans to Reopen Palisades Pays Off
The US Department of Energy Loan Programs Office has conditionally committed up to USD1.52 billion for a loan guarantee to Holtec Palisades for its project to bring the Palisades plant, which ceased operations in May 2022, back online. If the project proceeds, it will be the first nuclear power plant in the USA to return to commercial operations after being closed down.
The federal government will provide a loan to help startup the nuclear power plant near South Haven in Covert Township.