U.S. DOE approves a $1.5bn loan for Holtec to restart the Palisades nuclear plant in Michigan.

The U.S. Department of Energy has approved a $1.5 billion loan for Holtec International to restart the Palisades nuclear plant in Michigan, marking the first reactor restart in U.S. history. The plant aims to resume operations by late 2025, pending regulatory approval. This initiative aligns with the growing demand for carbon-free energy and is expected to create 600 jobs, generating power for 800,000 homes, as the U.S. pursues its climate goals.

September 30, 2024
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