COVERT TOWNSHIP - The Biden administration on Wednesday announced a $1.5 billion loan to restart a Michigan nuclear power plant. The loan, made through the Energy Department’s Loan Program’s Office with Inflation Reduction Act funds, will allow Holtec to restart the Palisades Nuclear Plant in Covert Township. The restoration, if approved by the Nuclear Regulatory
LANSING - The shuttered Palisades Nuclear Power Plant met the first step on the long road to reopening Tuesday when Wolverine Power Cooperative signed a long-term agreement with Holtec International to buy power when the plant reopened. Wolverine, a Michigan-based nonprofit power company, agreed to buy two-thirds of the power generated by the 800-megawatt nuclear
DETROIT - A company that tears down closed nuclear power plants wants to do in Michigan what has never been done in the U.S.: restore a dead one to life. Holtec Decommissioning International bought the Palisades Nuclear Generating Station last June for the stated purpose of dismantling it, weeks after previous owner Entergy shut it
WASHINGTON DC - As many as 157 retired coal plants and 237 operating coal plant sites across the U.S. could be converted to nuclear power and help the country reach its net-zero emissions goals by 2050, the U.S. Department of Energy said in a report on Tuesday. The report showed that among the retired or active plant
DETROIT - Researchers from the U.S. Department of Energy's (DOE) Princeton Plasma Physics Laboratory (PPPL) announced they found a way to build powerful magnets much smaller than ever before, a press statement states. The new innovation could help in the development of tokamak reactors, unlocking the potential of nuclear fusion that powers the sun and
LONDON, UK - A concept video of Sky Cruise, a giant flying machine that can carry 5,000 passengers and has all the luxuries of the world, has gone viral on the internet. The maker of the video claims that such an aircraft built in the future would have no carbon footprint. The concept of a
SEATTLE - Zap Energy is using a lesser-known approach to nuclear fusion to build modular, garage-sized reactors. They are cheaper and don't require the large, incredibly powerful magnets used in traditional fusion experiments. Ultimately, they may also provide a quicker route to achieving commercially viable nuclear fusion, a press statement reveals. Nuclear fusion has the potential to
LANSING – A bill passed by the Michigan House of Representatives last week that would study how the state could add more nuclear plants after one of the state’s existing plants closes. House Bill 6019, sent to the state Senate after passing in an 85-20 vote Thursday, May 19, would require the Michigan Public Service
DETROIT - DTE Energy named a new chief nuclear officer to lead its Fermi 2 nuclear power plant. Paul Fessler will rejoin Fermi as the chief nuclear officer, effective immediately. Fessler previously served as chief nuclear officer, and has more than 28 years of experience in the nuclear industry and has served in several senior leadership
