The U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) 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 the Palisades Power Plant, an 800-MW nuclear generating station in Covert Township, Michigan (Figure 1).
The project aims to bring the single-reactor unit back into commercial operation by the end of 2025. It was retired by previous owner Entergy in May 2022. If finalized, Holtec Palisades would be the first recommissioning of a shutdown nuclear power plant in the U.S.
