Uncle Sam loans $1.5B to reignite Michigan's Palisades nuclear plant by 2025
The Biden administration has announced plans to reignite a shuttered Michigan nuclear power plant with a $1.5 billion loan that, combined with other nuclear announcements yesterday, suggests the US federal government is right now all in on nuclear energy.
Palisades Nuclear Plant to reopen with $1.5B federal loan
The U.S. Department of Energy announced the loan with the owners of the Palisades Nuclear Power Plant, which is based in Covert, Michigan, just south of South Haven along the shore of the Great Lakes. Another $1.3 billion will help keep energy costs low for the 800,000 homes that will receive power from the facility.
For the first time, a shuttered nuclear power plant in the US could reopen thanks to federal support. The Department of ...
The latest federal event at Palisades follows a Sept. 5 announcement from the U.S. Department of Agriculture that rural ...
The Department on Energy closed on a $1.52 billion loan to Holtec Palisades on Monday in a first-of-its-kind effort to fund ...
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