The Palisades Power Plant in Covert, Michigan, could become the first nuclear reactor to restart operations in U.S. history.
The plant's owner, Holtec International, aims to reopen the plant in late 2025, subject to review and approval by the Nuclear Regulatory Commission.
Holtec International, the privately held owner of the Palisades, aims for the plant to resume operations by the end of 2025 with the support ofThe plans to reopen Palisades are under review by the Nuclear Regulatory Commission. If successful, Palisades could provide a road map for other mothballed plants to resume operations such as Three Mile Island in Pennsylvania.
A restart of Palisades could mark a turning point for the nuclear industry after a decade in which a dozen reactors have shut down across the country. The 800-megawatt reactor would provide enough power for more than 800,000 homes. "There are a few other plants that have talked to us about how to do it," the executive said. "And we're hopeful that they will. From that regard, maybe it becomes a model on a few plants where that fits."Holtec hopes to expand Palisades with two 300-megawatt small modular reactors, or SMRs, which would nearly double its capacity to 1,400 megawatts — enough power for 1.4 million homes.
"We've obviously seen what happened with Palisades. I think that was brilliant," CEO Jose Dominguez said on Constellation's first-quarter earnings call in May.
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