PPPL Achieves Milestone in Nuclear Fusion with NSTX-U Magnet Assembly
The Princeton Plasma Physics Laboratory (PPPL) has achieved a major milestone in nuclear fusion research by successfully completing the first quadrant of the magnet for the National Spherical Torus Experiment-Upgrade (NSTX-U). This significant development is a key step in harnessing nuclear fusion energy, with powerful magnets designed to stabilize and confine hot plasma during experiments. The NSTX-U project aims to replicate the sun’s energy processes, paving the way for a clean and limitless energy source.
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.