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Holtec International

All articles tagged with #holtec international

energy4 months ago

Palisades Nuclear Plant Achieves Operational Status and Prepares for Power Generation

The Palisades nuclear power plant in Michigan has become the first decommissioned U.S. nuclear plant to reach 'operations' status, allowing it to potentially restart, though it still requires extensive work before generating electricity. The plant's transition marks a historic milestone for the nuclear industry, with Holtec International aiming to restart it and build a new small modular reactor on the site. Critics oppose the restart, citing safety and cost concerns.

via Utility Dive|
#decommissioned-plant#energy#holtec-international
energy1 year ago

"Palisades Nuclear Plant Receives Record $1.5B Federal Loan for Reopening"

The federal government is providing a $1.5 billion loan to the owner of the Palisades Nuclear Plant in Michigan to support its efforts to reopen the facility, which would be the first in the country to return to the grid after decommissioning. Energy Secretary Jennifer Granholm and Gov. Gretchen Whitmer emphasized the plant's potential to help meet climate goals and create high-wage jobs. The loan is a significant step for Holtec International, the plant's owner, which aims to restart operations and potentially build small modular reactors at the site. However, concerns have been raised about safety and the company's lack of experience in nuclear operations.

via Detroit News|
#energy#federal-loan#holtec-international
energy-and-environment1 year ago

"Biden Administration's $1.5 Billion Loan to Reopen Palisades Nuclear Plant Marks Historic Milestone in US Energy Policy"

The Biden administration has approved a $1.52 billion loan guarantee from the Energy Department to help Holtec International restart the Palisades nuclear plant in Michigan, which closed in 2022. This move is part of a broader effort to revive nuclear energy in the United States, with the loan conditional on regulatory approvals and other requirements. The plant's reopening is supported by Michigan Governor Gretchen Whitmer and is expected to drive regional economic impact while contributing to clean energy efforts.

via The New York Times|
#energy-and-environment#holtec-international#loan-guarantee
energy1 year ago

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

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."

via The Associated Press|
#biden-administration#energy#holtec-international