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    • Holtec International

    Business

    U.S. Department of Energy Announces $1.52 Billion Loan Guarantee for Palisades Nuclear Plant Restoration

    The U.S. Department of Energy’s Loan Programs Office (LPO) has 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 an 800-MW electric nuclear generating station in Covert Township, Michigan. The project aims to bring back online the Palisades Nuclear Plant, which ceased operations in May 2022, and upgrade it to produce baseload clean power until at least 2051, subject to U.S. Nuclear Regulatory Commission (NRC) licensing approvals. The project also highlights President Biden’s Investing in America agenda to support good-paying, high-quality job opportunities in communities across the country while also expanding access to affordable clean energy resources.

    Posted on Jhon
    Business

    Biden administration to provide $1.5 billion federal loan for potential restart of Palisades nuclear plant in Michigan

    The Biden administration is reportedly set to provide a $1.5 billion federal loan to the owners of the Palisades power plant in Michigan for the potential restart of the nuclear facility. This move could mark the first reopening of a…

    Posted on Jhon