Nuclear, Michigan
United States approves $1.52B loan to restart Michigan's Palisades nuclear plant
The Biden administration said on Monday that a final deal had been made to give an energy company a $1.52 billion loan guarantee to bring a Michigan nuclear power plant back to life.
U.S. Approves Billions in Aid to Restart Michigan Nuclear Plant
No one has ever restarted an American nuclear reactor that was seemingly closed for good. But with electricity demand spiking, interest is growing.
Nuclear plant restart boosted with closing of $1.5B federal loan guarantee
The U.S. Energy Department on Monday finalized a $1.5 billion loan guarantee to help Holtec International restart the Palisades nuclear power in southwest Michigan, an effort that will be bolstered by $1.3 billion in federal grants for two rural cooperatives that plan to buy electricity generated by the facility.
US closes $1.52 billion loan to resurrect Michigan nuclear plant
The U.S. on Monday said it closed a $1.52 billion loan to resurrect Holtec's Palisades nuclear plant in Michigan, and a senior Biden administration official said it could take two years to reopen the plant,
Feds finalize $1.5B for Palisades; Michigan nuclear plant restart seems likely
The plant along Lake Michigan is 53 years-old and closed in 2022. But there’s momentum to bring it back online amid a push to diversify national energy sources.
U.S. Approves $1.5B Loan To Restart Palisades Nuclear Reactor
Michigan nuclear plant Palisades closed a $1.5 billion loan to restart its reactor, which is a first in U.S. history.
$1.5B loan approved to restart Palisades plant
The federal government has announced the approval of a $1.52 billion loan to support the reopening of a nuclear power plant in Van Buren County. (Sept. 30, 2024)
Michigan nuclear plant finalizes federal loan to support first reactor restart in U.S. history
The restart of the reactor at Palisades would mark a milestone for the nuclear industry after a decadelong wave of reactor shutdowns in the U.S.
U.S. plans to revive reactors as AI powers nuclear renaissance
A new U.S. nuclear energy age may be dawning after years of false starts and dashed hopes. Why it matters: The data centers powering the AI revolution have an insatiable thirst for energy. Major stakeholders — in Washington,
The U.S. wants to triple nuclear power by 2050. America's coal communities could provide a pathway.
The U.S. currently maintains the largest nuclear fleet in the world with 94 operational reactors totaling about 100 gigawatts ...
Nuclear Power Is the New A.I. Trade. What Could Possibly Go Wrong?
Artificial intelligence’s hunger for energy has set off a boom in utility stocks and may lead to the reopening of the Three ...
America’s nuclear power revival is very good news
The announcement of a Microsoft nuclear contract at Three Mile Island is just teh start of a nuclear power revival in America ...
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United States aims to triple nuclear power capacity by 2050: opportunities and challenges
Copyright © BusinessAMBE 2023 Key takeaways The U.S. wants to triple its nuclear power capacity by 2050, driven by rising ...
Wall Street warms to nuclear power as banks including Goldman Sachs back drive to triple global output by 2050
More than a dozen big banks have announced their support for an effort aimed at tripling global nuclear energy production in ...
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White House officially backs reopening of Palisades Nuclear Power Plant
COVERT, Mich. — The White House is officially backing the reopening of the Palisades Nuclear Power Plant in Van Buren County.
US nuclear plants won't power up Big Tech's AI ambitions right away
A plan by Microsoft to use the restart of a Three Mile Island nuclear reactor to help power its expanding data centers ...
Ed Miliband’s decision to ignore nuclear power is a disaster for Britain
Who says Whitehall can’t innovate? Last week Energy Department officials told us that a heat pump “generates three times more ...