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International Business Times

Business

Ann Resuma

U.S. Approves $1.5B Loan To Restart Palisades Nuclear Reactor

Palisades David Turk the Department of Energy Michigan Holtec NRC United States

The owner of the plant, Holtec International, which is headquartered in Jupiter, Florida, is hoping that it could restart the plant in the fourth quarter of 2025. (Credit: Pixabay)

The Department of Energy announced that the Palisades nuclear plant in Michigan has finalized its federal loan of $1.5 billion that would be used for the first restart of a reactor in the history of the U.S.

The owner of the plant, Holtec International, which is headquartered in Jupiter, Florida, is hoping that it could restart the plant in the fourth quarter of 2025.

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