$1.5 billion would be loaned by the Biden administration to revive Michigan’s nuclear power plants

NEW DELHI: A $1.5 billion loan to restart a nuclear power facility in southwest Michigan has been announced by the US federal government. With support from the state of Michigan and the Biden administration, the 800-megawatt Palisades plant—which was once scheduled for demolition by Holtec International—is now expected to begin operations by late 2025.

It was noted by Governor Gretchen Whitmer that this reopening will be the nation’s first nuclear power plant restart.
Despite these intentions, before starting up again, the Palisades facility has to pass a number of inspections, tests, and approvals from the US Nuclear Regulatory Commission (NRC).

Jennifer Granholm, the secretary of energy, emphasised the importance of nuclear power as a significant supply of clean electricity that directly supports a large number of employment throughout the country.

Located near Lake Michigan, the Palisades facility, which was held by CMS Energy until it was sold to Entergy in 2007, is trying to come back to life, however there are many who are against it. Two electric cooperatives have committed to power purchase agreements with Holtec, with the goal of supplying manufacturing, companies, and homes with consistent energy.

Critics have voiced worries despite Holtec President Kris Singh expressing confidence in the plant’s resurrection. Calling the facility a “zombie reactor,” a group is against its revival and has requested an NRC hearing. Spokesman Patrick O’Brien for Holtec said that it would take many months to finalise the financial agreement with the government and emphasised that the loan must be returned.
The US is among the 34 nations that have committed to using nuclear energy to lessen their dependency on fossil fuels, demonstrating the rising interest in this technology.

Similarly, California authorities noted the necessity for dependable electricity supplies throughout the shift to renewables and extended the Diablo Canyon plant’s working life until 2030.
Najmedin Meshkati, an engineering professor, emphasised the difficulties in restarting a nuclear facility and the need of strict safety protocols. When the Palisades facility gets closer to starting up again, it is up to the NRC and Holtec to make sure it is safe and intact.