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

1 min read
Source: The Associated Press
"White House Approves $1.5B Loan to Restart Michigan Nuclear Plant"
Photo: The Associated Press
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."

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