$1.5 billion DOE loan aims to restart Palisades
Jan 31, 2024
The Palisades nuclear power plant in Covert, Mich., may become the first in the United States to be restarted after permanent shut down—with help from a $1.5 billion loan being championed by the Biden administration.
Holtec International could receive the funding as soon as next month, according to a Bloomberg news report. The loan is part of efforts by the Biden White House to bolster the U.S. nuclear fleet to meet ambitious climate goals. The United States was among the countries as the COP28 meeting last fall that pledged to triple nuclear power output worldwide by 2050.
