Shuttered Michigan nuclear plant gets $1.5bn federal loan to restart operations ... trends now
A Michigan nuclear power plant that was decommissioned in 2022 is set to become America’s first revived facility in the nation’s history.
The Biden Administration announced plans on Wednesday to grant a $1.52 billion loan to Holtect International, which could start by 2025 and provide clean energy to at least 800,000 homes.
The Palisades plant, located along Lake Michigan, was shuttered two years ago over concerns about faulty control rod drive seals that are necessary to control the fission rate of uranium and plutonium.
However, the Department of Energy (DOE) has granted the funds on the condition that Holtect satisfies technical, legal, environmental and financial requirements.
The Biden Administration announced plans on Wednesday to grant a $1.52 billion loan to Holtect International, which could see operations start by 2025 and could provide clean energy to at least 800,000 homes
US Secretary of Energy Jennifer M. Granholm said Wednesday: ‘Nuclear power is our single largest source of carbon-free electricity, directly supporting 100,000 jobs across the country and hundreds of thousands more indirectly.
‘President Biden’s Investing in America agenda is supporting and expanding this vibrant clean energy workforce here in Michigan with significant funding for the Holtec Palisades nuclear power plant.’
The plant is in Van Buren County's Covert, about 40 miles west of Kalamazoo, which is home to around 3,000 people.
The town spans thirty-five square miles, featuring dense forests and blueberry farms.
The plant is in Van Buren County's Covert, about 40 miles west of Kalamazoo, which is home to around 3,000 people. The town spans thirty-five square miles, featuring dense forests and blueberry farms
The median
