The US Department of Energy (DOE) has released the sixth loan disbursement to Holtec International towards completing the country’s first commercial nuclear reactor restart at the Palisades nuclear station in Michigan.
A statement said the DOE has disbursed a further $155.9m (€131.6m) of the up to $1.52bn loan guarantee to Holtec for Palisades, which will be the first restart of a commercial nuclear reactor in decommissioning in the US, subject to US Nuclear Regulatory Commission (NRC) approvals.
The DOE has now disbursed more than $491m of the total across the six tranches: $38m in January 2025, $56.8m (March), $46.7m (April), $100.5m (June) and $83.2 million (August); $155.9m (September).
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