Earlier this week the @ENERGY disbursed over $100 million to Holtec International last month as part of a federal loan guarantee supporting the restart of the Palisades Nuclear Plant in Michigan.

This is the fourth installment of a broader $1.52 billion loan agreement announced in 2024 and is a significant step toward restarting a commercial nuclear reactor that had previously ceased operations.

The restart of the Palisades facility aligns with Executive Order 14302 which seeks to revive the U.S. nuclear industrial base and expand nuclear energy capacity. To date, Holtec has received over $251 million from the DOE’s Loan Programs Office to support the plant’s reopening and reintegration into the U.S. energy grid.