The Palisades nuclear power plant in Michigan could be another step closer to restarting, with reports saying the Biden administration in February will announce $1.5 billion in funding for the project.
Holtec International Corp. purchased the 800-MW facility from Entergy in 2022, after Entergy closed the nuclear plant. Holtec was prepared to decommission the site in Covert Township, but has since pivoted to possibly restarting operations contingent on funding from the federal government.
The Biden administration has said nuclear power is important to meet the country’s goals to reduce carbon emissions, including decarbonizing the power sector by 2035. Holtec officials have said that approval of the government’s financial support would help start a two-year process to reopen Palisades.
