Biden Administration to Fund $1.5 Billion for Revival of Michigan’s Palisades Nuclear Plant

The Biden administration is set to offer a $1.5 billion loan to Holtec International Corp, Bloomberg reports.  This funding, pending conditional approval from the US Energy Department, aims to rejuvenate the Palisades nuclear plant in Michigan, marking the first revival of a closed US nuclear reactor. This step aligns with the administration’s broader strategy to … Continue reading Biden Administration to Fund $1.5 Billion for Revival of Michigan’s Palisades Nuclear Plant