"White House Approves $1.5B Loan to Restart Michigan Nuclear Plant"

TL;DR Summary
The Biden administration will provide a $1.5 billion loan to restart the Palisades nuclear power plant in Michigan, marking the first time a nuclear plant has been reopened in the U.S. The move comes as part of efforts to reduce reliance on fossil fuels, with nuclear power being a significant source of carbon-free electricity. While the plan faces hurdles such as inspections and regulatory approval, it has garnered support from the state of Michigan and the energy industry, although critics have emerged, calling the plant a "zombie reactor."
Topics:business#biden-administration#energy#holtec-international#michigan#nuclear-power#palisades-plant
- Biden administration will lend $1.5B to restart Michigan nuclear power plant, a first in the US The Associated Press
- U.S. Approves $1.5 Billion Loan to Restart Michigan Nuclear Plant The New York Times
- The White House and Gretchen Whitmer just took out a $1.5 billion loan to buy a nuclear power plant that was going to get dismantled Fortune
- WATCH: Energy Sec. Granholm announces federal funding for Palisades nuclear plant WWMT-TV
- Palisades gets $1.5B federal loan for historic nuclear restart MLive.com
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