nuclear restart

  • 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
    Legal & Regulatory

    DOE Approves Fifth Loan Disbursement to Holtec for Historic Restart of Palisades Nuclear Plant

    The U.S. Department of Energy released an $83.2 million loan disbursement to Holtec International on Thursday, bringing total federal funding to $335.1 million as the company moves toward completing America’s first commercial nuclear reactor restart. The fifth installment under DOE’s $1.52 billion loan guarantee follows key Nuclear Regulatory Commission (NRC)  approvals that authorized Holtec to […]

  • Stock_JapanNuclear
    Nuclear

    Japan Restarts Third Nuclear Reactor, a MOX Unit

    Following rigorous safety checks, Kansai Electric Power Co. on February 1 restarted a unit that uses a uranium-plutonium mixed oxide (MOX) fuel at its Takahama nuclear plant in Japan’s Fukui prefecture. The unit is the third restarted in Japan since the country’s Nuclear Regulation Agency (NRA) idled all reactors and began safety checks in the […]