Palisades nuclear plant signs agreement to build first of its kind small modular reactors in Michigan [CNBC]
NuScale Power Corporation Class A (SMR)
Company Research
Source: CNBC
The agreement aims more broadly to deploy a 10-gigawatt fleet of the reactors in North America. The Palisades nuclear plant shut down in 2022, part of a wave of reactor closures as the industry struggled to compete against cheap natural gas. Holtec is aiming to restart the Palisades plant in October 2025 subject to federal approval. The Palisades nuclear generating station in Covert Township, Michigan. COVERT, MICHIGAN — A closed nuclear plant on the shores of Lake Michigan is aiming to build the first small modular reactor in the U.S. by 2030. The owner of the Palisades nuclear plant , Holtec International, signed a strategic agreement with Hyundai Engineering and Construction on Tuesday to build a 10 gigawatt fleet of small modular reactors in the North America, starting with two units at the Palisades site. Holtec is aiming to bring the original Palisades reactor back online in October subject to approval by the Nuclear Regulatory Commission. It would be the first restar
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SMR
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