Palisades Archives

DOE Selects TVA, Holtec to Receive $800 Million to Advance SMR Deployment

Darrell Proctor — Wed, 03 Dec 2025 13:56:38 +0000

The U.S. Department of Energy (DOE) said the agency has selected the Tennessee Valley Authority (TVA) and Holtec Government Services to support early deployments of advanced light-water small modular reactors (SMRs) in the U.S. The DOE on December 2 said project teams with the two groups will receive up to $800 million in "federal cost-shared funding" targeted for projects in Tennessee and Michigan.

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Successfully Closing a Power Plant? It’s All in the Details

Darrell Proctor — Wed, 12 Nov 2025 23:26:00 +0000

The retirement of older thermal power generation facilities, driven by a transition to cleaner forms of energy, has increased in recent years as utilities and other power generators mothball plants that are uneconomic or simply no longer needed.

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Restart of Indian Point Nuclear Plant? ‘Yes,’ Says Holtec Official

Darrell Proctor — Wed, 10 Sep 2025 21:04:38 +0000

A 2-GW nuclear power plant in New York State that was shut down in 2021 could be restarted, an official with Holtec International said. The Indian Point station, which sits near the Hudson River in Buchanan, New York, is the latest among a handful of shuttered U.S. nuclear power facilities being considered for reopening as […]

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Palisades Nuclear Plant Moved to Operations Status, Ready to Receive Fuel

Darrell Proctor — Tue, 26 Aug 2025 20:30:42 +0000

Holtec International said the Palisades Power Plant, which was closed in 2022 and set for decommissioning, is now the first U.S. nuclear power plant to officially return to operations status. Holtec, which bought the Michigan-based plant to decommission it but instead decided the facility could be restarted, on August 25 said Palisades is now authorized […]

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DOE Releases More Funding to Reopen Palisades Nuclear Plant

Darrell Proctor — Tue, 22 Apr 2025 18:43:15 +0000

Energy Secretary Chris Wright on April 22 announced the release of the third loan disbursement to Holtec for the reopening of the Palisades Nuclear Plant in Michigan.

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Trump Administration Backs $1.52B Loan for Palisades Nuclear Restart

Sonal Patel — Mon, 17 Mar 2025 22:29:03 +0000

The Trump administration has released a second loan disbursement of $56.8 million to Holtec International as part of an up to $1.52 billion loan guarantee for the restart of the 800-MW Palisades Nuclear Plant in Michigan. The funding, a key step in reviving the shuttered facility, reinforces a loan guarantee initially issued under the Biden […]

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Tear It Down or Start It Back Up? Plant Owners Weigh Options Around Retired Reactors

Darrell Proctor — Tue, 19 Nov 2024 16:58:06 +0000

Nuclear power plants are still being dismantled, and the business of decommissioning remains strong, but the need for more baseload power and emissions-free generation has some companies ready to restart idled

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DOE Loan Programs Office Publishes Community Benefits Plans for Energy Projects

Contributed Content — Tue, 29 Oct 2024 19:26:56 +0000

The U.S. Dept. of Energy’s (DOE’s) Loan Programs Office (LPO) has published Community Benefits Plans (CBPs) for several projects that recently finalized financing from the agency. The projects include the restart of the Palisades nuclear power station in Michigan, which is expected next year. The DOE on Oct. 29 said the CBPs are part of […]

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Microsoft Would Restart Three Mile Island Nuclear Plant to Power AI

Darrell Proctor — Fri, 20 Sep 2024 15:06:16 +0000

Microsoft has announced a deal to restart the Three Mile Island nuclear power plant in Pennsylvania. It’s the latest move by a technology company to use nuclear power to provide electricity for energy-intensive data centers and support the use of artificial intelligence (AI). The agreement announced September 20, if approved by regulators, would allow Microsoft […]

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Palisades Nuclear Plant on Path to Recommissioning by 2025

Aaron Larson — Wed, 27 Mar 2024 14:00:28 +0000

The U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) announced a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades LLC to finance the restoration and resumption of service of the Palisades Power Plant, an 800-MW nuclear generating station in Covert Township, Michigan (Figure 1). The project aims to bring […]

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