U.S. to Reopen Michigan's Palisades Nuclear Plant with $1.5 Billion Loan

The plant aims for a 2025 restart, marking a historic first in the nation's push for carbon-free electricity.

The Department of Energy has announced a $1.5 billion loan to Holtec for the restoration and restart of Michigan's Palisades nuclear power plant, aiming for a late 2025 reopening.
The plant, which ceased operations in 2022, could potentially face closure again after 2031 due to regulatory hurdles and the need for license renewal.
Michigan Governor Gretchen Whitmer supports the project, highlighting its potential to create 600 jobs and drive significant economic benefits.
Critics and environmental groups express concerns over safety and the long-term feasibility of restarting the plant, dubbed a 'zombie reactor' by some.
This initiative marks the first time a shuttered nuclear power plant in the U.S. is being reopened, with the Biden administration emphasizing nuclear power's role in achieving a carbon-free electricity grid.