Project Traits
State: Michigan
Congressional District: MI04
Organization Type: Commercial
Partner Organization(s) Type: None or Unknown
Energy Sector: Clean Power,
Energy Subsector: Nuclear,
Project Start Year: Unknown
Project Launch Year: Unknown
Government Support Received: Federal Loan [DOE Loan Programs, IRA's Energy Infrastructure Reinvestment program] for Unknown Amount
Outcomes & Impacts
Private Investment: Unknown
Jobs Announced or Created: 1,600
People Served: Unknown
Projected Economic Impact: Unknown
The Biden-Harris Administration has announced a $1.52 billion loan guarantee to Holtec Palisades for the restoration and restart of an 800-MW nuclear generating station in Michigan.
This marks the first recommissioning of a nuclear power plant in U.S. history, aiming to generate carbon-free energy and create over 2,000 clean energy union jobs.
The restart of Holtec Palisades is projected to create or retain up to 600 high-quality jobs in Michigan––many of them filled by workers who have been at the plant for more than 20 years–– with approximately 45% of the workforce at the site being good-paying union labor upon restart. In addition to the workers supported by the facility’s restart, the loan guarantee will support more than 1,000 jobs during the facility’s regularly scheduled refueling and maintenance periods every 18 months. Holtec Palisades has a project labor agreement in place with 15 trade unions that are supporting the project.