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DOE guidance for nuclear credit program’s second award cycle released

March 3, 2023, 7:02AMNuclear News

The Department of Energy has announced the release of application guidance for the second award cycle of its $6 billion Civil Nuclear Credit (CNC) Program.

Part of the Infrastructure Investment and Jobs Act—the $1.2 trillion bipartisan measure signed by President Biden in November 2021—the CNC Program was established to prevent the premature retirement of economically challenged nuclear power plants in recognition of the crucial role the Biden administration sees nuclear playing in achieving its ambitious decarbonization goals, including 100 percent clean electricity by 2035.

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NRC to hold public meeting on Palisades restart

Virtual option available

April 15, 2024, 7:00AMNuclear News

Nuclear Regulatory Commission staff will host a public information meeting on Wednesday, April 17, to discuss plans for repowering the shuttered Palisades nuclear plant in Michigan....

DOE makes conditional commitment to Palisades’ restoration and resumption of service

March 27, 2024, 12:00PMNuclear News

The Department of Energy’s Loan Programs Office (LPO) today announced a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades LLC to finance the restoration...

American Nuclear Society on DOE loan to restart closed Michigan nuclear plant

Nuclear Science and Technology professionals share thoughts on repowering Palisades nuclear power plant

March 27, 2024, 9:35AMPress Releases

WASHINGTON, D.C. — The American Nuclear Society (ANS), a nonprofit representing over 10,000 professionals in the fields of nuclear science and technology, issued the following statements...

Court vacates Holtec’s license for New Mexico spent fuel facility

April 3, 2024, 7:27AMNuclear News

The 5th Circuit Court of Appeals has vacated Holtec International’s license to build and operate a consolidated interim storage facility (CISF) for spent nuclear fuel near the Waste...

Biden administration releases FY25 budget request—What’s in it for nuclear?

March 12, 2024, 3:59PMNuclear News

The White House asked for nearly $1.6 billion in funding for the U.S. Department of Energy’s Office of Nuclear Energy in the fiscal year 2025 budget proposal, released earlier this week. The...

Bruce Power expansion plans get federal funding infusion

March 1, 2024, 12:03PMNuclear News

The Canadian government has announced up to C$50 million ($36.8 million) in funding for predevelopment work to study the feasibility of building 4,800 megawatts of new generating capacity at...

$1.5 billion DOE loan aims to restart Palisades

January 31, 2024, 3:01PMNuclear News

The Palisades nuclear power plant in Covert, Mich., may become the first in the United States to be restarted after permanent shut down—with help from a $1.5 billion loan being championed by...

State: Holtec must study nonradioactive pollution in Pilgrim’s evaporation

February 2, 2024, 12:00PMRadwaste Solutions

The state of Massachusetts is looking to require Holtec, the owners of the Pilgrim nuclear power plant, to analyze water evaporation at the plant for potential air pollution as the unit is...

Turning the tide

January 26, 2024, 9:31AMNuclear NewsPatrick O’Brien

The adage “a rising tide raises all boats” keeps coming to my mind whenever I think about the work ahead for small modular reactor and advanced reactor development companies. The...

Holtec settles with New Jersey over tax credits

February 1, 2024, 9:30AMNuclear News

Holtec International has agreed to pay $5 million in penalties to the state of New Jersey to avoid criminal prosecution over $1 million in tax credits that the company, along with Singh Real...

DOE guidance for nuclear credit program’s second award cycle released

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