DOE disburses over $155M to help restart Palisades Nuclear Plant

Holtec Palisades Nuclear Plant

COVERT, Mich. -- US Department of Energy Secretary Chris Wright announced the sixth loan disbursement to Holtec to help fund the restart of Palisades Nuclear Plant has been released.

This means $155,944,659 of the up to $1.52 billion loan guarantee to Holtec for Palisades has been released.

DOE officials say Palisades will be America’s first restart of a commercial nuclear reactor in decommissioning, subject to US Nuclear Regulatory Commission approvals.

Once complete, officials say the plant will generate 800 megawatts of affordable and reliable baseload power, helping to increase grid reliability in Michigan.

“Under President Trump’s bold leadership, the United States is taking unprecedented steps to bring about the next American nuclear renaissance,”