U.S. Energy Secretary Chris Wright announced the release of $56.8 million to Holtec for the Palisades Nuclear Plant restart, part of a $1.52 billion loan guarantee. The project aims to provide 800MW of power to Michigan and support up to 600 jobs. It marks the first U.S. restart of a commercial nuclear reactor that ceased operations pending NRC approval. This move supports President Trump’s goal of boosting domestic energy production and strengthening national security. The DOE writes:
U.S. Department of Energy (DOE) Secretary Chris Wright today announced the release of the second loan disbursement to Holtec for the Palisades Nuclear Plant. Today’s action releases $56,787,300 of the up to $1.52 billion loan guarantee to Holtec for the Palisades project, which will provide 800MW of affordable, reliable baseload power in Michigan. […]
The Palisades Nuclear Plant will be America’s first restart of a commercial nuclear reactor that ceased operations, subject to U.S. Nuclear Regulatory Commission (NRC) licensing approvals […]
This announcement highlights DOE’s commitment to advance President Trump’s agenda of unleashing affordable, reliable, and secure energy through investing in projects across the country that support American jobs, bolster domestic supply chains, and strengthen America’s position as a world energy leader.
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