Nuclear power plant in Michigan readies for relaunch, marking the initial resumption in U.S. operations.
Rewritten Article:
Nuclear Revivals: The Race to Fire Up Old Reactors
A Closer Look at the Reawakening of Decommissioned Nuclear Plants
Ever since the Palisades Nuclear Plant in Michigan took a dip, America's energy realm has been shaking things up. As President Trump continues pushing the boundaries of energy sources, we're seeing a fascinating twist in the story.
"In pursuit of fueling President Trump's vision for a sustainable, robust, and self-reliant power grid, our nation must take advantage of every energy source that revitalizes our economy, fuels growth, and secures energy independence," said U.S. Energy Secretary Chris Wright in a recent statement. "And with projects like the Palisades Nuclear Plant, we're working hard to ensure America's nuclear renaissance isn't too far off." The Department of Energy (DOE) stayed tight-lipped on further details.
Holtec International, the company operating the power plant on Lake Michigan's shore in Covert Township, Van Buren County, was granted the third chunk of a whopping $1.52 billion in loans from the DOE, aimed at refueling the plant.
ETR
PRIVATE EQUITY JUMPS INTO OIL AND GAS INVESTMENTS
ENTERGY CORP.
"We're pumped to bring 800 MW of eco-friendly, constant electricity back to Michigan. Rebooting the Palisades Nuclear Plant will create a ripple effect, maintaining around 600 skilled jobs in the region. We're working full steam ahead to ensure the plant is ready for another run starting in 2025," said a spokesperson for the company.
82.13
The Palisades Nuclear Plant will be America's first commercial nuclear reactor to reboot post- retirement, having been idled after a hapless 50-year stint under the watch of Entergy in May 2022.
-1.41
| Ticker | Security | Last | Change | Change % || --- | --- | --- | --- | --- || ETR | ENTERGY CORP. | 82.13 | -1.41 | -1.69% || Powered By |
-1.69%
TRUMP'S TOUGH NUCLEAR STANCE ON IRAN
The comeback is contingent on approval by the Nuclear Regulatory Commission (NRC). The United States boasts the world's largest commercial nuclear power fleet, operating about 94 reactors and nearly 97 gigawatts, according to the Department of Energy[1].
Powered By
The Vogtle plant in Georgia leads the pack in America.
FIND FOX BUSINESS ON THE GO BY CLICKING HERE
But Wait, There's More
The global roller coaster of nuclear energy relies on the safe and efficient operation of these power plants. Despite some plants closing since 2013, America's nuclear facilities have managed to sustain high operational efficiency, thanks to policy support and enhancements[1]. Other plants like the Crane Clean Energy Center and Duane Arnold Energy Center have expressed interest in a revival[2].
These old-school power plants require several steps to reopen, including license renewals from the NRC, and, of course, a hefty financial investment. The success of the Palisades' reboot could pave the way for similar efforts across the nation, setting the stage for a riveting tale of energy and power in America.
[1] "Nuclear Energy Overview." U.S. Energy Information Administration. Oct. 2024. https://www.eia.gov/energyexplained/nuclear/[2] "U.S. Nuclear Reactor Restart Opportunities." U.S. Energy Information Administration. Jan. 2025. https://www.eia.gov/todayinenergy/detail.php?id=46564
- The Palisades Nuclear Plant in Michigan, decommissioned by Entergy, is set to restart in 2025 with a loan of $1.52 billion in credit from the Department of Energy, marking America's first commercial nuclear reactor to reboot post-retirement.
- With the rebirth of the Palisades Nuclear Plant, the township will see a boost in skilled jobs, creating a ripple effect in the region's energy and finance industry.
- The nuclear reawakening, in pursuit of a robust and self-reliant power grid, is a testament to the United States' commitment to invest in diverse energy sources, revitalizing the economy and securing energy independence.
- The success of the Palisades' reboot could inspire similar efforts across the nation, as other nuclear facilities like the Crane Clean Energy Center and Duane Arnold Energy Center also show interest in revival, potentially leading to a nuclear industry restarting trend.
- Although some nuclear plants have closed since 2013, America's nuclear facilities have sustained high operational efficiency, thanks to policy support and enhancements, keeping the global nuclear energy roller coaster moving forward.
- The re-opening of old nuclear power plants requires significant financial investment, license renewals from the Nuclear Regulatory Commission, and the safe and efficient operation to ensure the success of their revival.
