Tag

Palisades Nuclear Plant

All articles tagged with #palisades nuclear plant

energy1 year ago•8 min saved

"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•2 min saved

"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

energy2 years ago•3 min saved

"Palisades Nuclear Plant Secures Restart Deal with Power Co-op"

Holtec International, the owner of the Palisades nuclear plant, has announced a deal with Wolverine Power Cooperative to restart the facility, making it the first decommissioned nuclear plant in the US to be fired back up. Wolverine has committed to purchasing up to two-thirds of the nuclear energy generated at the plant, with the remaining balance being purchased by Hoosier Energy. The restart of Palisades aims to ensure Michigan has sufficient energy to meet future demand, create jobs, expand the local tax base, and reduce carbon emissions. However, some residents and environmental advocates have expressed concerns about the environmental risks associated with reopening the plant.

via MLive.com|

#energy #michigan #nuclear-energy