U.S. Department of Energy Secretary Chris Wright on April 22 announced the release of the third loan disbursement to Holtec for the reopening of the Palisades Nuclear Plant in Michigan.
The action releases $46,709,358 of the up to $1.52 billion loan guarantee to Holtec for the Palisades Nuclear Plant, which will provide 800-MW of baseload power in Michigan when completed.
The Palisades Nuclear Plant will be America’s first restart of a commercial nuclear reactor that ceased operations, subject to U.S. Nuclear Regulatory Commission licensing approvals.
This disbursement marks Holtec’s third disbursement of funds from the Loan Programs Office since the announcement of its financial loan close in September 2024.
