US EditionU.S. Department of Energy putting $400M toward Palisades
The DOE's $400 million investment aims to nearly double Palisades' nuclear capacity, supporting 300 full-time jobs and powering 1.4 million homes, officials said.
- On Tuesday, the U.S. Department of Energy announced a $400 million investment to Holtec Government Services LLC to deploy two SMR-300 small modular reactors at Palisades Nuclear Power Plant in Covert Township, Michigan.
- Part of a wider federal push, the Trump administration included $900 million to jump-start new nuclear generation, with officials saying SMRs will provide round-the-clock power for manufacturing, data centers, and AI growth.
- Holtec plans a one-stop-shop model and partnered with Hyundai Engineering & Construction, but SMR-300 technology remains in development with units not expected online until the 2030s.
- Holtec officials say the project will add 300 full-time jobs on top of 600 existing positions and support nearly 2,000 construction jobs, boosting the local workforce.
- Amid litigation, anti-nuclear groups recently sued the U.S. Nuclear Regulatory Commission to block Holtec's Palisades restart plan, and the DOE will award the remaining $100 million later this December.
12 Articles
12 Articles
Amid safety concerns, Whitmer touts $400 million in federal funds for new reactors at Palisades
The decommissioned Palisades nuclear plant, taken March 27, 2024 at Van Buren State Park. | Kyle DavidsonFollowing an announcement from the U.S. Department of Energy, Michigan Gov. Gretchen Whitmer is applauding a $400 million grant to support the deployment of two small modular nuclear reactors at the same West Michigan Nuclear plant pursuing a first-in-the-nation restart. U.S. Energy Secretary Chris Wright said in a statement on Tuesday that …
U.S. Department Of Energy giving Holtec International $400-million for reactors
COVERT TOWNSHIP, MI (WKZO AM/FM) – Holtec International is receiving $400-million from the U.S. Department of Energy to complete two small modular reactors at the Palisades nuclear power plant in Covert Township. The reactors will each generate 300 megawatts of electricity, which is enough to power thousands of homes. The SMR-300 reactors would support 300 full-time jobs. Holtec is trying to get the plant restarted, and it would become the first…
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