Federal Support Boosts Nuclear Power with New Reactors on Lake Michigan
The U.S. federal government has allocated up to $400 million for the development of two innovative small nuclear reactors at the Palisades Nuclear Generating Station, located on Lake Michigan in southwest Michigan. This project marks a significant step forward in nuclear energy production, where efforts are also underway to restart a previously decommissioned reactor at the same facility.
Holtec Government Services has been tasked with the construction of these reactors. According to a statement by the U.S. Department of Energy, this funding initiative aims to encourage the establishment of similar small, modular reactors across the nation.
Once operational, these new reactors are expected to significantly enhance the energy output of the Palisades plant, effectively doubling its current electricity generation capacity. Governor Gretchen Whitmer emphasized the importance of this investment, stating that it will safeguard 900 jobs and deliver clean energy to approximately 1.4 million homes and businesses.
Whitmer further noted, “the investment will lower energy costs, reaffirm Michigan’s clean energy leadership, and show the world that we are the best place to do business.”
The federal government’s objective with this project is to bolster the nation’s supply chains and advance the U.S. Energy Dominance agenda. U.S. Secretary of Energy Chris Wright highlighted the significance of the reactors, stating they will provide “reliable, round-the-clock power” essential for supporting the president’s manufacturing initiatives, data centers, and AI development, while enhancing the country’s electric grid security.
Holtec has announced plans to complete the installation of the reactors by 2030, positioning Michigan at the forefront of nuclear energy innovation.
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