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Latest News
Holtec hits milestones in Palisades restart, new reactor projects
Steam rises from the Palisades nuclear power plant. (Photo: Holtec International)
The restart of Palisades nuclear power plant in Covert, Mich., has hit a milestone with the passivation of its primary system, plant owner Holtec International announced Monday, even as a firm restart date has yet to be announced.
Passivation is a chemical process that improves corrosion resistance by making plant materials less reactive. During the process, the reactor’s primary system was brought to normal operating temperature and pressure. Holtec called this passivation phase an “essential step” in maintaining the long-term reliability of equipment.
Chief Executive Officer
TAE Technologies
Michl Binderbauer is Chief Executive Officer of TAE Technologies and co-inventor of many of the company’s technological advances in fusion energy, power management and particle accelerators.
TAE was founded in 1998 to create a safe, sustainable source of nuclear energy, capable of providing energy abundance. Over the last two decades, Michl has evolved TAE into a fusion industry leader and has expanded the company’s technology portfolio to include power management solutions for grid storage and efficiency; EV powertrains and fast-charging; targeted cancer treatment and more.
In December 2025, TAE announced a landmark $6B USD merger with Trump Media & Technology Group Corp. to make TAE one of the first publicly traded fusion companies. Michl became CEO of TAE in 2018 and holds over 100 U.S. and international technology patents. He has published multiple papers in the world’s leading peer-reviewed scientific journals, including Science, Physical Review Letters and Nature Communications, among others.
Michl has spearheaded numerous partnerships with development partners, including TAE’s partnership with Google to co-develop sophisticated algorithms to improve plasma performance through active feedback. He has been featured in the press, including Time magazine, The New York Times, Financial Times, Science and PBS NewsHour. Michl is a member of Phi Beta Kappa and the American Physical Society. He is a recipient of UC Irvine’s prestigious Lauds & Laurels Award, and was an inaugural inductee into the UCI School of Physical Sciences’ Hall of Fame. He also serves on the school’s Industry Advisory Board and on the Dean’s Executive Cabinet.
Michl earned a Ph.D. in physics from the University of California, Irvine, under the guidance of fusion energy pioneer and TAE’s technology co-founder Dr. Norman Rostoker.