US Department of Energy has released the fourth loan disbursement to Holtec International to help with the company’s plan to restart the shuttered single-unit Palisades nuclear plant in Michigan.
The move, announced on 20 June, disburses just over $100m (€87m) of the up to $1.52bn loan guarantee to Holtec for the Palisades project.
The DOE said Palisades, on the shores of Lake Michigan, will be the US’s first restart of a commercial nuclear reactor that had been shut down, but noted the move is subject to US Nuclear Regulatory Commission (NRC) licensing approvals. Moves to restart the plant began under the Biden administration.