S'abonner

United States releases additional $100 mn to restart Palisades Nuclear Plant

The US government grants a fourth payment of $100.45 mn to Holtec International to restart the Palisades Nuclear Plant, pending regulatory approval, marking an unprecedented event in the United States.

Share:

The U.S. Department of Energy (DOE) has confirmed a new financial disbursement intended to relaunch operations at the Palisades Nuclear Plant. This amount of $100.45 mn is an integral part of a loan guarantee programme totaling $1.52 bn for Holtec International, aimed at restarting this previously closed facility.

Financing and relaunch strategy

Since the financial closing of the loan in September 2024, this payment is the fourth made by the DOE’s Loan Programs Office (LPO). To date, a cumulative total of $251.88 mn in federally guaranteed funds has been disbursed to Holtec International to support preliminary steps toward restarting Palisades.

U.S. Secretary of Energy Chris Wright has described this action as essential to revitalising the national nuclear industry. “Under President Trump’s leadership, the Department of Energy plays a critical role in reviving the nuclear sector in the United States. The Palisades plant will contribute to revitalising our nuclear industrial base,” said Wright.

Regulatory and environmental approval

This potential reopening remains entirely dependent on authorisations from the U.S. Nuclear Regulatory Commission (NRC). The NRC recently issued a final environmental assessment indicating no significant environmental impact from resuming operations at Palisades.

The Trump administration, through the DOE, strongly supports this reopening under Presidential Executive Order 14302, titled “Reinvigorating the Nuclear Industrial Base,” aiming to restore American competitiveness in nuclear energy.

Economic and energy outlook

The reactivation of Palisades fits within a broader economic revival of the American energy industry. According to the Department of Energy, restarting a previously closed nuclear plant represents an unprecedented event in U.S. civil nuclear history and could directly influence national industrial competitiveness and energy supply.

The loan granted to Holtec is structured through phased disbursements conditioned upon specific milestones. This funding model allows the U.S. government to closely monitor project progress and ensure adherence to technical and environmental commitments before the effective reactivation of the nuclear facility.

  • Populaires ​
MN8 Energy raises $575mn with Natixis CIB to strengthen its US solar debt
Saudi Aramco Sharply Raises Crude Prices for Asia in August
Germany extends electricity price aid to 2,200 companies
Geothermal Radar launches global platform to accelerate industrial geothermal projects
Global PV inverter shipments reach 589 GWac as Asia-Pacific dominates in 2024
Iran Relaunches Nuclear Dialogue to Negotiate with the United States, Russia Supports a No-Enrichment Deal
Tehran agrees to reopen its nuclear facilities to the IAEA, aiming to resume negotiations with Washington, while Moscow pushes for a “zero enrichment” agreement without getting involved in supervision.
TerraPower awards three major contracts for its Natrium reactor in the United States
TerraPower has selected three new American suppliers for its advanced Natrium nuclear reactor, confirming progress on the project located in Kemmerer, Wyoming, intended to replace a retiring coal-fired power plant.
EnergyX acquires 35,000 acres of US lithium from Pantera Lithium
Energy Exploration Technologies acquires Daytona Lithium, an Australian subsidiary of Pantera Lithium, for AUD40mn ($27mn), bringing its strategic lithium basin footprint in Smackover, USA to nearly 50,000 acres.
Canada: CCSN approves the ARC-100 reactor design review
The Canadian Nuclear Safety Commission has identified no major barriers to licensing the ARC-100 reactor, announces ARC Clean Technology.
Lithuanian nuclear operator SE Ignalina signs agreement with Newcleo
SE Ignalina, the Lithuanian nuclear operator, has signed a memorandum of understanding with French firm Newcleo to explore the integration of small modular reactors (SMRs) using lead-cooled fast reactor (LFR) technology in Lithuania.
Egypt: Supplementary agreements signed for the El Dabaa nuclear power plant
Egyptian President Abdel Fattah al-Sisi oversaw the signing of new agreements for the construction of the El Dabaa nuclear power plant, thus strengthening the strategic cooperation between Egypt and Russia.
Vistra obtains approval to extend Perry nuclear plant operations
Vistra Corp receives green light to extend Perry nuclear plant operations in Ohio by 20 years, securing regional electricity supply until 2046 and ensuring operational continuity for all its nuclear reactors in the United States.
EDF injects €1.3 billion into Sizewell C, its second British EPR
EDF will hold a 12.5% stake in the Sizewell C nuclear project in the UK, a €1.3 billion investment announced during Emmanuel Macron’s official visit to London, confirming the strategic nuclear energy alignment between the two countries.
France: Cigéo nuclear waste underground storage project makes significant progress
The French Cigéo project, designed to bury the most hazardous radioactive waste deep underground, obtains a crucial technical validation before its final authorization, expected by the end of 2027.
EDF launches its nuclear Technocentre in Fessenheim, estimated investment of €450 million
EDF confirms the continuation of its industrial project in Fessenheim for recycling very low-level radioactive metals, a first in France requiring specific regulatory authorizations, following a public debate concluded last February.
NANO Nuclear signs strategic agreement with UrAmerica on Argentine uranium
NANO Nuclear Energy Inc. formalizes its collaboration with UrAmerica Ltd. to strengthen Argentina’s uranium supply, aiming to secure future nuclear fuel supply chains for the U.S. market.
SHINE and Standard Nuclear form strategic partnership on recycled fuel
American companies SHINE Technologies and Standard Nuclear partner to recycle uranium and plutonium, supplying advanced fuel to the nuclear reactor sector and enhancing the national energy security of the United States.
Floating nuclear power plants evaluated to supply Mediterranean regions
The American Bureau of Shipping and two nuclear sector companies are studying the potential deployment of floating nuclear power plants to meet the energy needs of island and coastal regions in the Mediterranean, notably via electricity and desalination.
Lithuania explores nuclear option with small modular reactors
Lithuania establishes a working group tasked with assessing the feasibility of modular nuclear reactors to meet electricity demand estimated at 74 TWh by 2050.
Framatome wins two major contracts to extend Belgian nuclear operations
Framatome has secured two significant contracts from Electrabel covering modernisation and technical support for the Tihange 3 and Doel 4 nuclear reactors, as part of their extension agreed upon between Engie and the Belgian government.
Egypt accelerates El-Dabaa national grid connection for 2026
Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026 with output equal to about seven % of national electricity.
EDF postpones restart of Flamanville EPR to August 13
EDF extends Flamanville EPR's shutdown to August 13 to conduct technical checks on three valves of the reactor's primary circuit, initially scheduled to resume production this week.
United States selects Westinghouse and Radiant to test their nuclear microreactors
The US Department of Energy has selected Westinghouse and Radiant Nuclear to conduct the first nuclear microreactor tests at the DOME experimental centre located in Idaho, with operational start expected in spring 2026.
GE Vernova and Fortum launch major nuclear project in Scandinavia
GE Vernova Hitachi Nuclear Energy and Fortum announce partnership aimed at preparing for the potential deployment of small modular reactors in Finland and Sweden, with commissioning scheduled for the 2030s.
Energy Fuels extracts 638,700 pounds of uranium at Pinyon Plain mine
Energy Fuels Inc. announced record production of 638,700 pounds of uranium during the second quarter of 2025 at its Pinyon Plain mine in Arizona, significantly surpassing initial site performance forecasts.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING