More Waste? Biden Administration to Lend $1.5B to Restart Nuclear Power Plant

By Daniel Walker | April 2, 2024

Administration's commitment

The Biden administration recently announced a pivotal initiative to provide a $1.5 billion loan guarantee to Holtec International, aiming to facilitate the revival of the Palisades nuclear power plant in Covert Township, Michigan. 
 

test article image
via FOX 17 WXMI

This significant move aligns with the administration's commitment to bolster clean energy resources, enhance economic vitality, and reduce carbon emissions. 
 

Recently acquired

test article image
via FOX 17 WXMI

The plant was shut down in 2022 but recently acquired by Holtec International which plans to restart it by 2025.