Holtec gets $400M federal grant for small nuclear reactors at Palisades:
The Department of Energy is awarding Holtec up to $400 million to develop two small ...
detroitnews.com/story/business/2025/12/02/holtec-400-million-federal-grant-for-small-nuclear-reactors-smr-palisades-nuclear-plant-michigan/87570006007/
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supplier of equipment and systems for the energy industry
nuclear reactor with a modular design and an electricity output of less than 300 MWe
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Key FactsReviving a Decommissioned Nuclear Plant
Apr 13, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: technologyreview.com
Summary created with AI assistance · Source: technologyreview.com
- With a financial support of $1.52 billion from the US Department of Energy, an inactive nuclear power plant in Michigan may receive a new opportunity. If successful, this would mark the first instance of a closed nuclear power plant reopening in the US.
- After 50 years of operation, the Palisades nuclear power plant was decommissioned in 2022. The process of reopening presents technical, administrative, and regulatory challenges. However, the new owners have been working on the plans for years, which facilitates the potential restart.
- Securing funding and approvals is crucial for the revival of the nuclear power plant. State support and a substantial federal loan are intended to cover the necessary repairs and upgrades. Yet, regulatory approval remains a significant hurdle in the reopening process.
- In the event of approval, Palisades aims to operate until at least 2051. The growing support for nuclear energy and increased financing make older facilities more profitable. Nevertheless, a wave of reopenings for other decommissioned nuclear plants in the US is unlikely.
Michigan's Palisades plant on track to become nation's 1st reopened nuclear facility
freep.com/story/news/local/michigan/2024/03/27/palisades-nuclear-plant-nuclear-power-energy/73115767007/
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