U.S. Department of Energy Commits $1.5 Billion to Restart Nuclear Power Plant in Michigan

The U.S. Department of Energy has announced a $1.5 billion “conditional commitment” to support the reopening of the Palisades nuclear power plant near South Haven, Michigan, after it shut down in May 2022. The loan will be provided to owner Holtec to restart the plant, which would be the first time a closed nuclear reactor is brought back online in U.S. history. The project is expected to create 1,000 jobs during the restart phase and support 600 permanent jobs once operational, providing clean power for 800,000 homes.

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