Holtec’s Palisades Energy has signed an agreement with Wolverine Power Cooperative to buy power to re-open the single-unit Palisades nuclear power station in Michigan.

The agreement contains a contract expansion provision to include up to two small modular reactors that Holtec intends to build and commission at the site.

Holtec International, an energy technology company headquartered in Florida, bought Palisades in 2022 to decommission the 805-MW pressurised water reactor facility, which had struggled to compete with natural gas-fired plants and renewable energy.