Palisades

Energy Secretary Chris Wright on April 22 announced the release of the third loan disbursement to Holtec for the reopening of the Palisades Nuclear Plant in Michigan.

The Trump administration has released a second loan disbursement of $56.8 million to Holtec International as part of an up to $1.52 billion loan guarantee for the restart of the 800-MW Palisades Nuclear Plant in Michigan. The funding, a key step in reviving the shuttered facility, reinforces a loan guarantee initially issued under the Biden […]

Nuclear power plants are still being dismantled, and the business of decommissioning remains strong, but the need for more baseload power and emissions-free generation has some companies ready to restart idled

The U.S. Dept. of Energy’s (DOE’s) Loan Programs Office (LPO) has published Community Benefits Plans (CBPs) for several projects that recently finalized financing from the agency. The projects include the restart of the Palisades nuclear power station in Michigan, which is expected next year. The DOE on Oct. 29 said the CBPs are part of […]

Microsoft has announced a deal to restart the Three Mile Island nuclear power plant in Pennsylvania. It’s the latest move by a technology company to use nuclear power to provide electricity for energy-intensive data centers and support the use of artificial intelligence (AI). The agreement announced September 20, if approved by regulators, would allow Microsoft […]

The U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) announced a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades LLC to finance the restoration and resumption of service of the Palisades Power Plant, an 800-MW nuclear generating station in Covert Township, Michigan (Figure 1). The project aims to bring […]

The decarbonization of power generation is fostering research and development of new energy technologies, and some companies are reimagining what’s possible when it comes to power plant design. That includes pairing nuclear power with solar power, in a system that could repurpose a brownfield site—for example, a closed or soon-to-retire thermal power plant with transmission […]

The Palisades nuclear power plant in Michigan could be another step closer to restarting, with reports saying the Biden administration in February will announce $1.5 billion in funding for the project. Holtec International Corp. purchased the 800-MW facility from Entergy in 2022, after Entergy closed the nuclear plant. Holtec was prepared to decommission the site […]

Holtec International, a diversified energy technology company, and Wolverine Power Cooperative, a not-for-profit power generation cooperative based in Michigan, announced that they have entered into a long-term agreement that will “pave the way” for the restart of the 800-MW Palisades Nuclear Power Plant in Covert Township, Michigan (Figure 1). The Palisades reactor was taken offline […]

Midwestern utility DTE Energy announced its 225-MW Meridian Wind Park project has entered commercial operation. The group on April 18 said the wind farm, located in Merrill and spanning parts of Midland and Saginaw counties in central Michigan, features 77 turbines and operates on land leased from farmers in the region. A DTE spokesperson said […]